(no subject)
Dec. 7th, 2004 10:07 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
jecook posting in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
techrecoveryIBM sells PC biz to China
By Andrew Orlowski in San Francisco (andrew.orlowski at theregister.co.uk)
Published Wednesday 8th December 2004 04:10 GMT
So, it's true. IBM, creator of the original PC in 1981, has sold its computer business to Chinese assembler Lenovo, formerly the Legend Group. Lenovo will pay Big Blue $1.25 billion, with $650 million in cash, and IBM will retain an 18.9 per cent stake in the joint venture. Lenovo will be IBM's preferred supplier and retains the right to use the brand for five years. The deal excludes IBM's eServer x86 PC servers.
IBM's chief executive Sam Palmisano cited economies of scale, explaining in a release that the consumer PC market was increasingly resembling the consumer electronics business, and that the deal would help maintain IBM's focus on business computing.
The deal has huge symbolic significance, far greater than IBM's 5 per cent market share suggests. IBM's stake in the largest Chinese PC OEM could prove to be one of its better investments, as the domestic market in the PRC has the most promising potential for growth: the government has vowed to urbanize a billion citizens over the next decade.
(Full Article)
Straight from the horse's mouth
This also includes the Thinkpads, which IMHO are probably one of the few IBM products left that are worth buying. Having worked on their desktops, and some of their older servers, I would usually recommend a different vendor for theose lines, but Thinkpads were always my top recommendation for people looking to spend money on a quality laptop.
Time will tell if things go downhill.
Xposted to![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-community.gif)
infojunkies and techsupport
By Andrew Orlowski in San Francisco (andrew.orlowski at theregister.co.uk)
Published Wednesday 8th December 2004 04:10 GMT
So, it's true. IBM, creator of the original PC in 1981, has sold its computer business to Chinese assembler Lenovo, formerly the Legend Group. Lenovo will pay Big Blue $1.25 billion, with $650 million in cash, and IBM will retain an 18.9 per cent stake in the joint venture. Lenovo will be IBM's preferred supplier and retains the right to use the brand for five years. The deal excludes IBM's eServer x86 PC servers.
IBM's chief executive Sam Palmisano cited economies of scale, explaining in a release that the consumer PC market was increasingly resembling the consumer electronics business, and that the deal would help maintain IBM's focus on business computing.
The deal has huge symbolic significance, far greater than IBM's 5 per cent market share suggests. IBM's stake in the largest Chinese PC OEM could prove to be one of its better investments, as the domestic market in the PRC has the most promising potential for growth: the government has vowed to urbanize a billion citizens over the next decade.
(Full Article)
Straight from the horse's mouth
This also includes the Thinkpads, which IMHO are probably one of the few IBM products left that are worth buying. Having worked on their desktops, and some of their older servers, I would usually recommend a different vendor for theose lines, but Thinkpads were always my top recommendation for people looking to spend money on a quality laptop.
Time will tell if things go downhill.
Xposted to
infojunkies and techsupport
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: 2004-12-07 10:05 pm (UTC)basically the TP market for IBM in the corporate world is huge. they won't compromise on quality if it means they'll lose that...it's woorth far too much to them...
IV