09.12.08 10:37
SHANGHAI, Dec 9 (Reuters) - Lenovo Group, the world's No. 4 personal computer maker, expects further consolidation in the PC industry as the global economy slows, its chief executive said on Tuesday.
"There is no doubt in this economic situation that you will see consolidation of the PC industry," William Amelio told a news conference, adding that the Chinese PC market had slowed "significantly".
Asked about possible job cuts and restructuring of Lenovo in response tothe economic slump, Amelio said: "All ideas are on the table," but he did not elaborate.
However, Lenovo chairman Yang Yuanqin said the company would continue investing in key growth areas such as emerging markets and its consumer business.
Yang said he remained optimistic that China's economy would continue growing by about 8 or 9 percent annually in the next few years.
Lenovo aims to grow faster than the industry average in coming years, he said without giving specific figures.
(Reporting by Fang Yan and Jacqueline Wong; Editing by Andrew Torchia) Keywords: LENOVO/CONSOLIDATION
(yan.fang@thomsonreuters.com; Reuters Messaging: yan.fang.reuters.com@reuters
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