IBM Said to Be Leaving the PC Business
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The company that has been synonymous with the term &quot;PC&quot; since it was first created is getting out of the PC business. According to a report in the New York Times, IBM is in talks with China&#39;s largest maker
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IBM is looking to sell its  personal computer business in a deal that could be worth up to  $2 billion, The New York Times reported on Friday, capping a  gradual withdrawal from the business it pioneered.
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IBM is selling its PC-making business to China's largest personal computer company, Lenovo Group Ltd., for &#36;1.25 billion, marking the U.S. company's retreat from an industry it helped pioneer in 1981.
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JP Morgan Chase is cancelling a $5bn IT outsourcing deal with IBM and bringing the service back in-house. IBM will hand over the running of the investment bank&#39;s data centres, help desks, distributed computing, data and voice networks from January 2005.
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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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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 IBM.N is looking to sell its personal computer business in a deal that could be worth up to $2 billion, The New York Times reported on Friday, capping a gradual withdrawal from the business it pioneered.
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IBM Corp. has put its PC business up for sale, according to a story published on Friday on the Web site of The New York Times. IBM is discussing selling the business to
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International Business Machines Corp.'s possible exit from the personal computer business would be the latest move in what amounts to a long goodbye from a field it pioneered and revolutionized.
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IBM&#39;s personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years. International Business Machines Corp.
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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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IBM (IBM:NYSE - news - research) is reportedly ready to exit the PC business, having long lost its dominance in the arena. The report said Lenovo Group, China&#39;s top PC company, is among the interested bidders.
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo Group, China&#39;s largest PC maker, in a deal valued at $1 billion to $2 billion, people close to the negotiations said.
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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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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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IBM reportedly is selling its personal computer business for some $2 billion, possibly to China&#39;s Lenovo. Big Blue currently ranks a distant third in PC sales with a 6 percent market share, trailing
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The computer giant hands off its personal-computer business business to a Chinese firm