This computer holds less information than that.
If I change this sentence into "not as adjective as",
That computer does not hold as little information as this.
Is this sentence grammatical or not?
- That computer does not hold as little information as this.
This is an acceptable paraphrase of
- This computer holds less information than that.
But although both sentences express the same relative capacities of the two computers, they do not mean the same thing.
Sentence 1 provides information about this computer and answers the question How much information does this computer hold?
Sentence 2 provides information about that computer and answers the question How little information does that computer hold?.
If what you are interested in the relative capacities of the two computers, sentence 2 is a very odd and indirect way of expressing yourself. Capacity is ordinarily a positive value, an "asset", ranked on a rising, positive scale—how much? But sentence 2 implies that you regard capacity as a negative value, a "debt"—the computer with the least capacity is for the purposes of your inquiry more valuable or interesting than computers with a greater capacity.