IBM Sale Reflects Unease in Personal Computer Sector
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&quot;Every [PC maker] has to deal with this, one way or another,&quot; International Data Corp. analyst Roger Kay said. The problem is that it&#39;s difficult to make money on PCs today, given how cutthroat competition has driven down prices.
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San Francisco, December 4: IBM 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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IBM's deal with Lenovo may signal a round of industry consolidation, analysts say.
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IBM is considering pulling out of the personal computer business it founded - a sign of a big change in the way companies buy computers and a shift of power in the PC industry.
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NEW YORK, New York, United States of America -- International Business Machines (IBM) Corp has put its computer business up for sale, the New York Times said Friday, quoting people close to negotiations.
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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 (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, which revolutionised the global computer industry when it launched its first desktop in 1981, has sold its PC business to a Chinese group in a $1.75bn (Â£900m) deal, it was confirmed today.
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IBM's sale of its PC unit to a Chinese firm is the latest sign that a new giant is rising.
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IBM's personal computer business racked up $965 million in losses between Jan. 1, 2001, and June 30, 2004, the company said last week in a filing to the U.S. Securities and Exchange Commission, detailing the planned sale of the business to China's Lenovo Group.
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If Michael Dell is worried about IBM&#39;s planned sale of its PC business to Lenovo, he&#39;s not showing it. &quot;If you look at the last few years, there has been a continuing trend, not only a decline in markets, but
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IBM yesterday sold its personal computer business to China&#39;s leading manufacturer, Lenovo, in a deal that reflects the profound changes taking place in the economic world order and marks the end of an era for one of America&#39;s most iconic companies.
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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 lost the 1980s. But the big payoff may be still to come.
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The argument has long been that even if IBM loses money selling PCs - and in recent years it frequently has - those sales are still a foot in the door, a route to selling higher margin servers, software and services.
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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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IBM (IBM.N: Quote, Profile, Research) is looking to sell its personal computer business in a deal that could be worth up to $2 billion, The New York Times reported