Lenovo

acquired its flagship technology from

IBM

(IBM) - Get Report

through its purchase of Big Blue's PC business.

But Lenovo appears to be getting all of its executive talent from a different source:

Dell

(DELL) - Get Report

.

On Thursday, the Chinese PC maker announced that it hired Gerry Smith, the head of Dell's Singapore design center and of Dell's displays business, to head up its global supply chain operations.

The announcement comes about two weeks after Lenovo picked up a pair of Dell executives. In the past month, Lenovo has poached five executives from Dell, all from Dell's Asian operations.

And, of course, Lenovo's CEO William Amelio, who joined in December, was the head of Dell's Asia Pacific division.

Lenovo, the world's No. 3 PC maker, is striving to boost its presence outside of its home turf in China, stepping up efforts in the broader Asia Pacific region as well as in the U.S.

Meanwhile, Dell has fallen on some hard times. The company's sales have slowed, and its profit was cut nearly in half in its most recently completed quarter.

Dell spokesperson Jess Blackburn said the company was confident that it has a strong team in place to continue building its operations in the Asia Pacific region, where he said Dell recently grabbed the No.2 rank in market share.

"Obviously Lenovo recognizes our leadership position in the world and that we have got a very strong management team, and the good news for us is that we still have a strong management team," said Blackburn.

He said he could not comment on why there has been a string of Dell executives decamping to Lenovo.

Lenovo CEO Amelio said in a statement that the latest hire rounds out a team that will allow the company to "drive even faster towards the ambitious goals we have set for ourselves."

Shares of Dell were up 0.9%, or 20 cents, at $22.95 in midday trading.