Seagate says had no buy offer from Chinese firm
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Seagate Technology , the world's largest maker of disk drives, has dashed speculation that a Chinese firm wanted to buy the firm, saying it had received no such offer and had no intention of selling.
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Of all the comments on the hard drive, and there have been hundreds, this one explains it best. I'm sorry to hear about your experience at the Apple Store. I was a "genius" for a year and can assure you that the policy regarding HDs was frustrating to us as well. In warranty it wasn't so hard to justify, but out of warranty customers often had a problem with it. My recommendation to them (and to you) is the same. AASPs often do not have the same contractual obligations with HD manufacturers that Apple does, so they may very well let you keep it. If you still wanted to have it done through an Apple store, take a magnet to it before you hand it over. The techs have better things to do than trawl through your personal data (there are exceptions, of course), but if it sets your mind at ease- go for it. Honestly, I would do this in your position because I have read of people getting reman drives with other people's data still on them. But that would have nothing to do with Apple and everything to do with the companies contracted to remanufacture the HDs.Not much more to say after that. I will probably write a summary tomorrow.
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China&#39;s largest personal computer maker, Lenovo Group Ltd., said on Tuesday it was in acquisition talks with a major technology company, which a source familiar with the situation said was IBM.
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China&#39;s biggest computer maker says it has acquired a majority stake in IBM&#39;s personal computer business. The 1.75- billion-dollar deal is one of the biggest Chinese overseas acquisitions ever.
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Ziff Davis - IBM's decision to sell its PC business to Chinese computer maker Lenovo Group Ltd. is offering lessons both in how to expand into emerging markets and how federal regulators will view such deals.
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IRVINE, Calif.   - Gateway Inc., the third-largest personal computer company in the United States, said yesterday that it rejected an unsolicited $450-million bid for its retail business from eMachines Inc. founder Lap Shun Hui.   Gateway said the Aug.
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China's biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which comes amid reports it might buy IBM Corp.'s personal computer business.
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IBM is discussing selling its PC business to Lenovo Group Ltd., China's largest maker of personal computers, and at least one other potential buyer, according to The New York Times.
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I.B.M. said that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years.
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China's largest maker of PCs is one of the potential buyers, newspaper says.
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(InfoWorld) - IBM sold off a chunk of its stake in Lenovo Group, leading the world's third-largest PC vendor to temporarily suspend trading of its shares in Hong Kong on Tuesday. Lenovo spokeswoman Angela Lee said IBM had informed the company it planned to sell a large block of shares but had not provided specific details of the transaction. IBM did not immediately respond to a request for comment. "The trading of Lenovo's shares has been suspended at our request, pending the release of an announcement ... relating to the placing of Lenovo's shares by IBM," Lee said. At 2:40pm local time Tuesday afternoon, trading of the company's shares remained suspended. IBM did not respond to a request for comment. Lenovo's shares were trading at HK$3.20 (US$0.41) per share when they were suspended, a drop of 7 percent from the previous day's close. That price matches the reported selling price IBM received for its shares, which were offered to investors at a discount, according to several press reports Tuesday. Citing information offered to investors, those reports said IBM sold 300 million shares in Lenovo Group in a sale worth HK$960 million (US$123 million). IBM, whichÂ sold its PC division to LenovoÂ in 2005, has gradually reduced its stake in Lenovo since that deal. A further sale of shares would be in keeping with the company's stated plan to sell down its stake in Lenovo. Prior to the reported sale, IBM held a 13.2 percent stake in Lenovo, making it the company's second-largest shareholder. The sale of shares -- estimated at 3.5 percent of Lenovo's total shares -- will reduce IBM's holdings to 9.7 percent of the company. While IBM reduces its stake in Lenovo, the two companies remain close partners. Lenovo Tuesday announced the signing of a five-year agreement forÂ IBM to provide technical support, installation, deployment and other PC-related services to its customers. The deal could be worth up to US$245 million to IBM, Lenovo said in a filing to the Hong Kong stock exchange. Â
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Seagate Technology LLC, the world's largest hard drive maker, announced Monday the first manufacturer to sell laptop PCs with its new built-in encryption technology.
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Gateway Inc., the third-largest personal computer company in the United States, said Friday that it rejected an unsolicited $450 million bid for its retail business from eMachines Inc. founder Lap Shun Hui.
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Stocks to watch Tuesday: SEAGATE TECHNOLOGY :
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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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IBM has gained a crucial foothold in China by selling its PC business to Lenovo, the countryâs biggest computer maker, for $1.75 billion (Â£900 million) in cash, shares and debt.
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Seagate Technology (STX :NYSE - news - research) shares jumped early Tuesday after the company issued bullish earnings guidance. The company said it expected EPS of 6 cents to 8 cents a share on revenue of