IBM Reported to Put Its PC Business Up for Sale
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IBM  is reportedly in talks to sell its personal computer business in a deal that could be worth up to &#36;2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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IBM is selling its PC-making business to China&#39;s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research
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HONG KONG/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer  company, Lenovo Group Ltd., for $1.25 billion, marking the U.S.  firm's retreat from an industry it helped pioneer in 1981.
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International Business Machines Corp. has put its personal computing business up for sale in a deal that could be worth as much as $2 billion, the New York Times reported on Friday.
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While the details are still shrouded in mystery, sources close to the negotiations between computer giant IBM and the China-based PC maker Lenovo say that the companies will announce plans tonight for IBM to sell off its PC business for up to $2 billion.
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IBM (IBM) said Tuesday that it would sell its PC business to Lenovo, China&#39;s No. 1 PC maker, in a $1.75 billion deal that marks the end of an era.
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Purchasers of IBM&#39;s desktops and laptops were shocked to learn last week that IBM may be putting its PC business up on the auction block.
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NEW YORK, December 8  - International Business Machines (IBM.NYS) has decided to sell its personal computers business to Chinaâs Lenovo Group for $1.75 billion in a cash and stock deal.
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IBM is in talks to sell its personal computer manufacturing business which, if successful, would mark the end of an era in the brief history of the PC, a machine the company helped to invent.
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NEW YORK - We may soon add IBM to the long, long list of companies exiting the thankless business of selling personal computers. According to a report in The New York Times, IBM (nyse: IBM - news - people
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IBM IBM.N is reportedly in  talks to sell its personal computer business in a deal that  could be worth up to $2 billion and would cap a gradual  withdrawal from the business it helped to pioneer in 1981.
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Lenovo Group stayed silent Friday about reports it is talking with IBM Corp. about buying the US company&#39;s personal computer business, but an executive hinted that the Chinese company is looking to expand its PC operations.
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, 12/8/2004. IBM&#39;s awaited personal computing division sale to Lenovo Group Ltd. became official this morning with an announcement that Big Blue will pass the unit to China&#39;s number one PC maker for $1.75 billion.
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Late Tuesday, IBM announced that it&#39;s selling its PC business to Lenovo Group Limited, the leading PC brand in China. IBM&#39;s current PC business ranks a distant third behind Dell and HP
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IBM (IBM.N: Quote, Profile, Research) is reportedly in talks to sell its personal computer business in a deal that could be worth up to $2 billion and would cap a
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This week, IBM said it is selling off most of its PC division to Lenovo, China's No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term. USA TODAY reporter Michelle Kessler answers some questions many IBM customers are asking:
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IBM is reportedly in talks to sell its personal computer business. It would mark the end of an era for the company that brought the computer into the mainstream when it began selling its desktop PC to corporations and consumers in 1981.