China's Lenovo is in detailed discussions on a smartphone venture with NEC Corp, as it eyes partnerships and acquisitions to expand in high-growth markets.
Asian shares were mostly higher, back to earlier gains on Friday, after the Nikkei plunged as much as 3 percent at one point in another volatile trading day.
Bob O'Donnell, Program VP, Clients and Displays at IDC, says the market-share trajectory for Lenovo suggests it may outpace HP in 2013.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
U.S. stock index futures trimmed some gains Friday, with major averages poised to post their worst weekly declines this year, as investors reacted to the latest wave of earnings reports.
Lenovo Group said on Friday it was in preliminary talks about a potential acquisition, following a report that IBM was negotiating the sale of its server hardware business to the Chinese computer maker.
Steve Durose, head of Asia-Pacific Technology, Media and Telecoms (TMT) ratings, tells CNBC that China's Lenovo PC maker has had a tremendous performance on sales and are having an impact on the US market.
Major tech stocks slumped on Thursday after an industry report showed that personal computer shipments had fallen significantly in the first quarter.
HTC, the Taiwanese mobile maker, announced profits hit a record low in the first quarter and one analyst told CNBC that a new tie-in with Facebook has little potential in resurrecting the company's fortunes.
The $24.4 billion buyout of Dell would be tough for competing investors to beat, Toni Sacconaghi of Sanford Bernstein says.
Samsung launched its latest salvo against Apple in the war for global smartphone dominance. What does it mean for Apple?
The leveraged buyout of Dell requires that only 42 percent of existing shareholders vote against the deal for it to be abandoned. It is fair to say the a LBO is in doubt.
Despite a new handset, BlackBerry will likely exit the smartphone market to focus on the software and services market, one analyst told CNBC.
CNBC's Adam Bakhtiar looks at Blackberry in the daily 'Stock in 60' segment as shares rallied over 14% on takeover speculation from China's Lenovo.
BlackBerry shares spiked after AT&T said it will carry its new smartphone, rekindling speculation that the smartphone maker could be a takeover target.
More and more mobile companies are trying to gain a foothold in a country where white-label phones once ruled the roost, but some analysts say that attempts to crack what is now the world's largest market may be a waste of time.
Dell Chief Executive Michael Dell, aiming to clinch a $24.4 billion deal to take the No. 3 PC maker private, has agreed to value his 16 percent stake about 2 percent below the offer price.
Asian stocks were mostly lower on Thursday, with caution setting in ahead of a central bank policy meeting in Europe.
The $24.4 billion proposal to privatize U.S. technology giant Dell is part of founder Michael Dell's efforts to transform the company into a 'mini IBM', said analysts.
Dell agreed to be taken private Tuedsay in a nearly $24 billion buyout deal by a consortium led by its founder and chief executive, Michael Dell.