The Channel logo

News

By | Joe Fay 16th October 2006 14:01

NEC packs up Packard Bell

Hui buys veteran brand

Lap Shun Hui has scored a success in his battle to collect the great PC brands of yesteryear by buying Packard Bell from NEC.

NEC revealed the sale of its European PC operation earlier today but is keeping quiet on how much it got for the operation, Reuters reports. The news agency said Packard Bell turns over around $1bn a year, but is not making a profit.

Reports that Hui, who cofounded eMachines before selling it to Gateway, had been after the Packard Bell name have been bubbling around since June. According to a website apparently representing Lap Shun Hui, the businessman also has an offer in for Gateway's retail operation AKA, eMachines. Or, he says, he could take on the whole Gateway operation and break it up himself.

No doubt the owners of the Compaq, Tandon, Apricot, and Commodore brands are licking their lips as we speak. ®

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs