Lenovo CEO says no plans to buy Dell factories

Lenovo Group has no plans to buy computer factories from rival Dell Inc, its
Chief Executive William Amelio said. On the sidelines of a conference in
Singapore, Amelio told reporters Lenovo has enough capacity.

Dell is trying to sell factories around the world to cut costs and improve
profitability, the Wall Street Journal reported last week.

Amelio also warned that the weakness in the global economy could affect tech
spending by companies.

"The only thing I would caution is that we are coming into a budget cycle
now," he said, adding this could mean companies would be reassessing their
operating expenses.

Lenovo posted a 65 percent rise in first quarter earnings that ended June,
the slowest growth in a year, as it copes with a US slowdown and weaker Chinese
demand after a devastating earthquake.