Will IBM sell PC business?
p2pnet.net News - IBM’s PC business is up for grabs – and the new owners could be Chinese, says the New York Times.
“While I.B.M. long ago ceded the lead in the personal computer market to Dell and Hewlett-Packard so it could focus instead on the more lucrative corporate server and computer services business, a sale would nonetheless bring the end of an era in an industry that it helped invent,” says the newspaper.
“The sale, likely to be in the $1 billion to $2 billion range, is expected to include the entire range of desktop, laptop and notebook computers made by I.B.M.”
And, “According to the people close to the negotiations, I.B.M. is in serious discussions with Lenovo, China’s largest maker of personal computers, and at least one other potential buyer for the unit. Lenovo was formerly known as Legend.”
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See:-
Chinese - I.B.M. Said to Put Its PC Business on the Market, New York Times, December 3, 2004
