IBM and China's Lenovo Group confirmed what was the world's worst secret shortly before 9 pm EDT today. Lenovo Group Ltd. is buying IBM's personal computer business for $1.2-billion (U.S.) in cash. IBM will continue to hold a stake worth just under 20 per cent in the business. Just like that, though, Lenovo is now number three in the world when it comes to computer makers, behind Dell (1) and Hewlett-Packard (2).
The new company will have its headquarters in New York but have principal operations in Raleigh, N.C. and in Beijing.
A top IBM exec, Stephen Ward, will stay with this new venture as CEO.
|
|||||||||||
|
Info/Contact for David Akin
Search this blog:
Login
Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
IBM did it: It sold off its PC business
Comments
No comments found.
|
Recent Comments
This Month
Month Archive
|
|||||||||
|
|||||||||||
