With China-based PC vendor Lenovo successfully surpassed Acer and became the third largest PC vendor worldwide in the second quarter, Lenovo CFO Wong Wai Ming pointed out that the company will continue to conduct oversea acquisitions and will aiming for market with high growth. As for China market, the company is currently also in seeking of acquisition target.

Sources from the PC industry pointed out that after Lenovo establishes a new joint venture with NEC in July, NEC's PC sales will be included into those of Lenovo and is expected to further push up Lenovo market share with chances to surpass Dell and become the second largest worldwide.

The sources citied research figures and pointed out that Lenovo's sales in the second quarter were 10.22 million units, the third largest worldwide and were only 400,000 units behind Dell at the second. Adding NEC's first quarter sales of 700,000 units, it will give Lenovo chance to surpass Dell and benefit its upstream partners including Compal Electronics and Wistron.

Since NEC's major PC sales are accumulated in the Japan market, while PC sales in Japan are stable, NEC's high brand recognition helped the company's quarterly sales volume in Japan to maintain at around 700,000 units in the past fourth quarter. In 2010, NEC had a global PC market share of 0.85% with sales volume of 2.9 million units.

Lenovo and NEC's new joint venture will keep both brand names and the products will be distributed through their own retail channel.