Acer shares fall after Gateway deal

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Taipei/Hong Kong, August 28:: is viewed as an important part of Lenovo's consumer strategy in enhancing Lenovo's European retail channels and product designs."

But other analysts said it might have been too soon for Lenovo to chase another major deal as it is still digesting the PC division it bought from IBM for USD 1.25 billion in 2005.

"Packard Bell is nice to have, but not essential. Remember, they're only just turning around their PC business abroad," said an analyst with a major US investment bank.

He added that Acer's deal seemed to target Lenovo directly. Other analysts said Lenovo would not sit idle, and may challenge Gateway in court.

"We believe Lenovo may not give up Packard Bell easily and thus may challenge Gateway's right of first refusal," JP Morgan's Guo said.