AOL Money & Finance

Quanta's CEO quits: Company to merge with Hon Hai?

More

The personal computer world just never stops changing. In addition to Acer's buyout announcement involving Gateway, Inc. (NYSE: GTW), Quanta Computer -- the world's largest notebook computer contract manufacturer -- has just lost its CEO. Quanta, which makes notebook computers for such names as Dell, Inc. (NASDAQ: DELL) and Apple, Inc. (NASDAQ: AAPL), witnessed the weekend resignation of CEO Michael Wang, which leaves quite a few questions unanswered in the personal computer space. Quanta is not a name known to many consumers, but the company has in many ways been responsible for the multi-billion dollar transition from desktop computers to notebook computers over the last few years.

Is Quanta about to be sold to Hon Hai Precision, which is Taiwan's largest electronics conglomerate and the world's largest contract manufacturer? Possibly, and this recent move may indeed signal what lies just ahead. Former CEO Wang was in disagreement with the company's co-founder (Barry Lam) over the strategic direction of Quanta, which no doubt revolved around the rumored impending sale of the company.

Hon Hai may be known better by the fact that it makes Apple's iPods. However, the one large electronics contracting segment it is weak in is notebook computer manufacturing. With notebooks displacing traditional desktop computer units as the PC of choice for a majority of consumers (and businesses as well), having a strong presence here would seem natural for the largest electronics contract manufacturer in the world.

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Symbol Lookup
IndexesChangePrice
DJIA+17.4610,023.42
NASDAQ+7.122,112.44
S&P 500+2.671,069.30

Last updated: November 09, 2009: 12:29 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines