Is Samsung Buying Day-Old Fish?

Samsung is reportedly sniffing around HP’s for-sale computer division.

I can understand Samsung wanting to become the World’s Largest Computer Maker™, but I’m not sure how much sense it makes. HP is getting out of making computers, because tablets and mobile have just murdered their razor-thin margins. There just aren’t enough profits to justify HP staying in the business, after waving the white flag in the mobile space.

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Samsung is enjoying success in mobile. They make some very nice Android phones, and their tablet is the best (surviving) iPad competitor. The latter isn’t saying much — but the tablet market is still quite young.

So why would Samsung want to take resources (cash, engineering talent, etc) away from mobile and devote it to a low-margin, dead-end mass market? Of course, the Google/Motorola deal still doesn’t make much sense to me, so maybe I’m too stodgy on M&A deals. What do you think?

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