Samsung Says ‘No Thanks’ to HP PC Business

As soon as HP decided to exit the PC business, there was speculation Samsung would try to acquire it outright or at least form a joint relationship in an effort to grow their computer business worldwide.

Several rumors surfaced that the Korean electronics giant was interested in boosting it’s computer business beyond the current 10 million unit production which include Chromebooks, netbooks and laptops. With HP’s 40 million PCs slated for production in 2011, Samsung would be vying for the number one spot if a suitable deal could be reached.

However, Samsung Electronics reiterated on August 25th, it is not interested in buying HP’s PC business.

“I would like to definitively state that Samsung Electronics will not acquire Hewlett-Packard’s PC Business,” Samsung chief executive Choi Gee-sung said in a statement.

He added: “Hewlett-Packard is the global leader in the PC business, while Samsung is an emerging player in the category. Based on the significant disparity in scale with Samsung’s own PC business and lack of synergies, Samsung is not interested in the acquisition.”

About Cliff Boodoosingh

Cliff Boodoosingh has been writing on Internet-based technology for more than 10 years. At Dow Jones he covered the money markets, Canadian dollar and daily hot stocks. He authored Regional Analysis sections and competitor profiles for business intelligence reports on the mobile/wireless markets at Marcus Evans. He recently moved from managing digital publications and media coverage for the Technology Division at VerticalScope to oversee content development at Rates.ca, a new personal finance portal.
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