Lenovo sets its sights on buyers in US
CHINESE personal-computer giant Lenovo Group Ltd said it plans to enter the consumer market in the United States within the next two years.
“You’ll see us getting into consumer business,” William Amelio, Lenovo’s chief executive officer, said in an interview with Bloomberg News. “We’ve demonstrated success in China and India, and there’s no question we should have the same success in other developed markets.”
Amelio, speaking on Saturday at the World Economic Forum in Davos, Switzerland, said acquisitions were “way down my priority list.”
Lenovo became the world’s third-biggest personal computer maker when it bought the PC unit of International Business Machines Corp in May 2005.
“In China we cover consumers up to large enterprises with a full line,” he said. “Abroad, what we bought is primarily large accounts and government. Now we can fill in that space.”