IBM, LG Electronics to End Joint Venture
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International Business Machines Corp. and LG Electronics Inc. will end an eight-year alliance that helped expand the U.S. computer maker's presence in the booming South Korean PC market.
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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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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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Sybase said on Tuesday that it will partner with IBM to sell its Linux database software, potentially dealing a blow to Sun, another long-standing partner.
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Following days of rumors, IBM late Tuesday made it official: the company said it was spinning off its personal computer business with the Lenovo Group, China&#39;s biggest maker of personal computers.
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IBM said late Tuesday that it will sell its personal computer division to a Chinese rival, a move it said should have no immediate effect on its Triangle work force.
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IBM, the company that transformed personal computers from a hobby to an industry with the introduction of its PC line in 1981, will bow out of the increasingly low-margin market through a partnership
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Verizon Wireless and Nextel Communications, two of the country&#39;s biggest cell phone operators, said yesterday that they planned to drop their lawsuits against each other.
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IBM, the pioneer of the personal computer, is selling its PC hardware business to Chinese firm Lenovo.
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South Korea's LG Electronics Inc. has signed a patent cross-licensing agreement with Microsoft Corp. covering a variety of hardware and software products, the companies said Thursday.
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By Clint Swett, The Sacramento Bee, Calif.  Sep. 15--Calling off a merger it had announced last March, Sacramento  software maker Unify Corp. said Thursday it will remain independent and  instead buy a piece of its erstwhile merger partner.
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Lenovo Group has signed a five-year deal with IBMÂ to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract.
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General Electric Co.  and Abbott Laboratories Inc.  said on Wednesday they terminated a proposed $8 billion deal for the sale of two Abbott diagnostics units to the conglomerate.
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InfoWorld - IBM sold off a chunk of its stake in Lenovo Group, leading the world&#39;s third-largest PC vendor to temporarily suspend trading of its shares in Hong Kong on Tuesday.
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InfoWorld - Lenovo Group has signed a five-year deal with IBM&#160;to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract.
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San Francisco - It is reported that IBM is 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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IBM Global Services has agreed to sell its Electronic Data Interchange and Business Exchange Services businesses to Francisco Partners, the majority owner of electronic data transmission vendor Global eXchange Services Inc.