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Global: IBM gives up the PC ghost... |
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apluswebmaster writes "FYI...:
China Computer Maker Acquires IBM PC Biz
- http://story.news.yahoo.com/news?tmpl=story&cid=530&e=1&u=/ap/20041208/ap_on_bi_ge/ibm_pc_business
December 7, 2004
China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.75 billion in cash and stock, in one of the biggest Chinese overseas acquisitions ever...IBM designs its ThinkPad laptops and ThinkCentre desktops, but no longer manufactures them at any plants it owns alone. Instead, all its PCs are either produced through joint ventures or outsourced to other manufacturers. Globally, IBM sold 6.8 million PCs in the first nine months of 2004 for a 5 percent market share, research firm Gartner Inc. said. That compares with 16.4 percent for Dell Inc. and 13.9 percent for Hewlett-Packard Inc., which makes both the HP and Compaq brands...
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