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Thursday, August 25, 2011

Samsung No Longer Interested, Buy HP's PC Business Unit

Samsung Electronics Co. said they were not interested in buying the PC business from Hewlett Packard (HP). This statement was denied rumors that the South Korean company will buy one of HP's business.

As quoted from the Economic Times on Friday (26/08/2011), that the contributions of Samsung as one of the components maker of computer chips and flat screens renowned, making it potentially as a PC maker a great company.

"I want to make a statement that Samsung Electronics will not buy HP's PC business," said Choi Gee-Sung, Chief Executive of the Samsung.

"HP is one of the leading players in the PC business, while Samsung is still a new player in that category. So based on the difference in scale is large enough, Samsung said it was not interested in an acquisition of HP's PC business," he added.

Samsung has sold approximately 10 million PC units last year, of which a quarter of HP's sales. South Korean company says that HP and Dell Inc. as their main clients for chips and flat screens.

Last week HP announced that they will soon discontinue its PC business, which one is stopping the production of tablets impelementasinya TouchPad.

The announcement led to speculation that some of the competitors are interested to buy a unit of HP's PC business, which analysts estimated worth USD10-12 billion.

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