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Acer on the prowl for acquisition targets

Acer on the prowl for acquisition targets

Acer, the world's fourth largest PC vendor, plans to make a meaningful acquisition this year and is already looking at candidates, the company said Tuesday.

The company aims to increase its market share and boost long-term growth with an acquisition, a spokeswoman says. She would not disclose which companies Acer is interested in.

The spokeswoman confirmed comments made by Acer chairman JT Wang in an article in The Wall Street Journal, in which he reiterated his pledge to overtake rival Lenovo Group this year as the number three PC vendor in the world.

Acer, the fastest growing PC vendor among the top ten, expects to overtake Lenovo on a quarterly basis sometime in 2007, with or without an acquisition.

Last month, Wang predicted that Acer's PC shipments would grow by 30 percent to 40 percent year-on-year this year. Such breakneck growth has been hard for its rivals to keep up with. The company's PC shipments grew 37.8 percent last year, as it increased its market share to 5.9 percent, from 4.7 percent a year earlier, according to market researcher IDC.

Lenovo's growth rate was a bit slower at 28 percent, and its share of the market was 7.3 percent, up from 6.2 percent in 2005. Acer's quicker growth is helping it catch up to Lenovo.

TABLE: Top 5 Global PC Vendors in 2006, a preliminary estimate

RankVendor2006 ShipmentsMarket share2005 ShipmentsMarket shareYear-on-year growth
1Dell39.10 million17.1 percent37.76 million18.2 percent3.6 percent
2HP38.84 million17.0 percent32.58 million15.7 percent19.2 percent
3Lenovo16.62 million7.3 percent12.98 million6.2 percent28.0 percent
4Acer13.58 million5.9 percent9.85 million4.7 percent37.9 percent
5Toshiba9.18 million4.0 percent7.23 million3.5 percent26.9 percent
Others111.27 million48.7 percent107.45 million51.7 percent3.6 percent
Total228.58 million100 percent207.84 million100 percent10 percent
Source: IDC

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