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Samsung: We Really, Really, Really Don’t Want HP’s PC Unit

Published on August 25, 2011
by John Paczkowski

Samsung doesn’t want Hewlett-Packard’s PC business, but it’s having a tough time convincing people of it.

Earlier this week it publicly denied rumors that it was looking to acquire HP’s Personal Systems Group. But evidently that denial did little to quell market chatter that it was considering such a move. So today it has issued another, stronger statement from Samsung CEO and Vice Chairman Geosung Choi intended to end the rumors once and for all. Its gist: Samsung buying HP’s PC business is a silly idea.

“To put to rest any speculation on this issue, I would like to definitively state that Samsung Electronics will not acquire Hewlett-Packard’s PC business,” Choi said in a statement. “Hewlett-Packard is the global leader in the PC business with sales of 40 million units last year, while Samsung is an emerging player in the category and sold about 10 million units in 2010. Based on the significant disparity in scale with Samsung’s own PC business and the complete lack of synergies, it would be both infeasible and imprudent to even consider such an acquisition.”

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URL: http://allthingsd.com/20110825/samsung-we-really-really-really-dont-want-hps-pc-unit/