Quanta contemplates deal with Foxconn
As word of Acer's plans to acquire rival PC vendor Gateway breaks out, another merger may be looming in the PC industry. Forbes reports that Michael Wang, the chief executive of Quanta, has resigned over differences with the firm's founder and chairman Barry Lam. For those not in the know, Quanta is the world's largest contract manufacturer of notebooks, with clients ranging from Dell to Apple.
With Michael Wang gone, Forbes says Barry Lam has plans to sell part of Quanta to Hon Hai Precision Industry, a.k.a. Foxconn. Analysts reportedly don't expect a full-blown merger between Quanta and Hon Hai—some type of strategic alliance seems more likely—but Forbes claims the Taiwanese market is nonetheless "ripe with rumors" of an all-stock merger.