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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    Lenovo says in talks to buy Packard Bell

    NEW YORK
    Tue Aug 7, 2007 3:16pm EDT

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    An employee casts a shadow against a screen showing the logo of Lenovo during a news conference of interim results announcement in Hong Kong, November 9, 2006. Lenovo Group Ltd., the world's third-largest maker of personal computers, said on Tuesday it is in talks to buy European personal computer maker Packard Bell BV through an independent third party. REUTERS/Paul Yeung

    NEW YORK (Reuters) - Lenovo Group Ltd. (0992.HK), the world's third-largest maker of personal computers, said on Tuesday it is in talks to buy European personal computer maker Packard Bell BV through an independent third party.

    Technology  |  Deals  |  Mergers & Acquisitions

    While no definitive deal has been reached, Lenovo said it is negotiating with the independent third party, which its does not name, as well as working with other parties or government bodies "in preparation for the entering into of definitive agreements for such proposed acquisition."

    Lenovo notes that no deal may materialize.

    Representatives of Packard Bell were not immediately available for comment.

    According to a report in the Hong Kong Economic Journal, Lenovo is battling with Taiwan rival Acer Inc. (2353.TW) to buy Packard Bell.

    Acer said in April that it planned to buy a PC company in three to five months to win more market share and accelerate growth. The company has declined to identify a potential target, saying only that it would not be a U.S. or Taiwan company.

    Lenovo, one of a handful of Chinese firms trying to forge a global brand by investing abroad, dropped to fourth place globally in the first three months of 2007 but has now reclaimed the No. 3 slot from Acer in a closely fought battle, according to data from researchers Gartner and IDC.
    Technology
    Deals
    Mergers & Acquisitions


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