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Acer rules itself out of FSC bid
Ben Furfie Sep 25 2008, 11:18am
Gianfranco Lanci says that no potential acquisitions are large enough to help it leapfrog HP and Dell
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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