by CIO Staff

Quanta Denies Report of Merger Plans

Oct 04, 20061 min

The world’s largest contract manufacturer of notebook PCs has denied any plans to merge with or be acquired by the biggest contract electronics maker.

Quanta Computer, which makes laptops for companies such as Dell and Hewlett-Packard, denied local news reports in Taiwan that it is in talks with Hon Hai Precision Industry to be acquired.

Hon Hai, which makes a range of electronics devices, from Apple Computer’s iPod media players to Sony’s PlayStation 3 game machines, has been rumored to be on the lookout to acquire a notebook PC maker, one of the few contract electronics businesses in which it is not a major player.

“The news report is based on market speculation. Quanta has no plans to merge with or be acquired by Hon Hai,” Quanta said in a statement to the Taiwan Stock Exchange late Tuesday.

-Dan Nystedt, IDG News Service (Taipei Bureau)

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