* Sees few synergy benefits from HP deal
* Makes rare and strong denial of market talk as customers
By Miyoung Kim
SEOUL, Aug 25 Samsung Electronics Co
reiterated on Thursday it is not interested in buying
Hewlett-Packard Co's PC business, shooting down
persistent market talk the South Korean firm may snap up the
unit to become the world's top PC maker.
Samsung's rare and strong denial comes as its component
customers fret over its potential conversion into a serious
Samsung is the world's biggest maker of computer memory
chips and also a top maker of flat screens used in computers and
"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.
"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
Samsung sold only about 10 million units of PCs last year,
one fourth of HP's sales. The South Korean firm counts HP and
its rival Dell Inc among its core clients of chips and
HP said last week that it may spin off the world's largest
PC business, part of a wrenching series of moves away from the
consumer market, including killing its new tablet.
The announcement stoked expectations that its Asian rivals
including Lenovo Group Ltd and Taiwan's Acer Inc
might be interested in the unit, which some analysts
value at $10-$12 billion, banking sources said.
Cash-rich Samsung has been tipped as a potential buyer in
some media and brokerage reports.
(Reporting by Miyoung Kim; Editing by Jacqueline Wong)