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Acer rules itself out of FSC bid - PC Retail

Acer rules itself out of FSC bid

Gianfranco Lanci says that no potential acquisitions are large enough to help it leapfrog HP and Dell
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Acer has ruled itself out of any potential bid for Siemen's share in the Fujitsu-Siemens partnership.

Speaking to German paper Frankfurter Allgemeine Zeitung, Acer's president Gianfranco Lanci said that he sees no firms large enough to be worth launching a takeover bid for.

Lanci reiterated plans to raise sales to $30bn (£16.1bn) by 2011, a $10bn (£5.4bn) increase from the $20bn (£10.7bn) it currently makes, and to raise its operating margin from 2.5 per cent to four per cent.

He also dismissed suggestions that the firm was considering entering into computer-based services.

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