The Zone

In the era of increasingly-growing goliath technology companies, yet another acquisition spree is occurring between Acer and Lenovo.

Acer will buy that Cow Company, Gateway, for USD$710million, creating a deja-vu when HP bought over Compaq years ago. Why did Acer do this?

To help them move up to the 3rd spot in the PC market by blocking Lenovo from taking Packard Bell, and getting Gateway while they're at it.

All this because Gateway didn't want to take over Packard Bell, which Lenovo was eyeing.  Hence, now not only does Acer get Gateway, but Packard Bell as well. It would seem the market is heating up in Asia between an Acer and Lenovo battle.

On other news, Lenovo plans to buy Seagate. Sour grapes perhaps? We wonder.

That's right, the China company which took over IBM's desktops and notebooks now has interests in buying the hard drive maker, which earlier bought over Maxtor. Well I guess if you can't get Packard Bell, you might as well get Seagate?

It would seem it's a shopping spree going on in the technology industry, and it's not just the Merdeka Sales here. Don't get trampled under the feet of the giants.

Sources : Information World (Acer) and The New York Times (Lenovo)

(It is not mentioned which China company plans to buy Seagate, but that's because the original name Lenovo has been edited and removed - perhaps for reasons unknown to us, but anyway, which other China company could it be?)