IBM to sell PC division
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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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TOKYO - China's Lenovo Group Ltd. signed a definitive agreement on Wednesday to acquire IBM Corp.'s personal computing division. Lenovo will pay US$1.25 billion in cash for the business, which is expected to transform it into the world's number three PC maker, the companies announced.
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Hewlett-Packard Co. HPQ.N will be  under pressure to sell its personal computer business after  IBM's decision to sell its PC operations to China's top PC  manufacturer, but analysts said the No. 2 computer maker would  hold on to its $25 billion PC division for now.
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IBM and Lenovo Group plan to create a new US personal computer company that would own IBM&#39;s PC business, according to a report published Tuesday.
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Word that IBM is mulling a move to sell its desktop and notebook PC business to China-based Lenovo Group had executives at most of Big Blue&#39;s vendor competitors scurrying to stay out of the limelight until more details of the deal--and final word on
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IBM (NYSE: IBM) is selling its PC business, marking the end of an era for the personal computing pioneer, according to a story published today in the New York Times. The report was not verified by IBM, which could not be reached for comment this morning.
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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 will sell its once vaunted personal computer business to Lenovo Group Ltd., the leading computer maker in China.-The Washington Post
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China's Lenovo Group Ltd. has agreed to acquire IBM's personal computing division for $1.25 billion in cash and equity, a move expected to transform it into the world's No. 3 PC maker.
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IBM is exiting the PC business, but it -- along with some PC competitors -- should benefit.
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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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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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IBM is selling its PC-making business to China's largest personal computer maker, Lenovo Group Ltd., for &#36;1.25 billion, marking the U.S. giant's retreat from an industry it helped pioneer in 1981.
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On 7 December 2004, IBM and China&#39;s Lenovo announced that Lenovo will acquire IBM&#39;s PC business for a total of $1.75 billion in cash and shares.
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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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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China's biggest computer maker, Lenovo Group Ltd., for &#36;1.75 billion in cash and stock.
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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.