HP from the blade server China exclusive Value-added distributors divestment

Xinhua News (Reporter Yang Flood) with the establishment of the channel in China gradually mature, foreign computer companies began to gradually withdraw from the distribution cooperation model. Yesterday, East China Computer Bulletin said, to 3.055 million U.S. dollars to acquire the United States Hewlett-Packard Company held in China's Information Technology Co., Ltd. (hereinafter referred to as "the Company") 33.3% equity.　　At present, the company is HP Blade Server China's exclusive value-added distributors. The announcement, the company and Hewlett-Packard Company's joint venture will expire on January 28, 2011, and HP has no intention to continue to hold the shares of the company, in order to ensure the continued operation of the company, the greatest extent to reduce the change in ownership of the company's business activities caused by the company's comprehensive acquisition of Hewlett-Packard Equity。 This transaction shall enter into force after the approval of the Ministry of Commerce or its authorized department, Shanghai Business Council, by the original approving authority of the company.　　After the completion of the equity acquisition, the company will become a wholly owned subsidiary of East China Computer, will continue to engage in high-end computer products sales business. It is understood that the company is the 1991 Hewlett-Packard Company and East China Computer joint venture, registered capital of 4.5 million U.S. dollars, for China Hewlett-Packard's first joint venture company in China.　　2008 sales revenue of the company is 675.57 million yuan, the net profit is 9.34 million yuan. Industry insiders said that in the early 90 's reform and opening up, due to various policy restrictions, foreign companies often through the local companies for distribution, and the company is in this situation was born. However, with the gradual reduction of import tariffs on computers and the gradual cancellation of import restrictions, international computer brands have entered the Chinese market and started to build their own channels. "Take HP as an example, currently in China's two or three-line cities have HP's stores, channels have gradually matured." "It is in this context that foreign capital is gradually withdrawing from the" meaningless "distribution model, the source said.