NEC, Lenovo in talks on joint venture: report
Tokyo (AFP) Jan 21, 2011
Leading Japanese and Chinese electronics firms NEC Corp. and Lenovo Group are in the final stages of talks to form a joint venture in the personal computer business, a report said Friday.
A likely scenario would see Lenovo taking a majority stake in NEC Personal Products Ltd., a wholly owned NEC unit that makes and sells PCs, the Nikkei business daily said.
NEC released a statement on Friday, saying "no decision has been made" in relation to the Nikkei report.
An official at Lenovo also told AFP that he was unaware of the matter.
The leaders in their respective domestic PC markets aim to boost their competitiveness through economies of scale by combining development, production and materials procurement, the Nikkei newspaper said.
They could also decide to work together in other areas such as information technology equipment and services, it said.
NEC controlled about 18 percent of the Japanese PC market in 2009, but globally it came in 12th with a share of less than one percent, the Nikkei said, citing data by IDC intelligence firm.
Lenovo had roughly 27 percent of its home market and was ranked fourth in the world with a market share of about eight percent, it said.
By working together, they hope to catch up with such global giants as top-ranked Hewlett-Packard Co. of the United States, the Nikkei said.
Share This Article With Planet Earth
Space Technology News - Applications and Research
Shanghai (AFP) Jan 20, 2011
Chinese environmental groups on Thursday singled out Apple for failing to tackle concerns over pollution and the health of workers at plants making parts for trendy gadgets such as its iPhone. In a new report, the groups said the US giant ranked last in a survey of how 29 multinational technology companies respond to inquiries about pollution and workplace health hazards at factories in thei ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|