IBM reported to be exiting PC business
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IBM&#39;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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This week, IBM said it is selling off most of its PC division to Lenovo, China's No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term. USA TODAY reporter Michelle Kessler answers some questions many IBM customers are asking:
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IBM is in talks to sell its personal computer manufacturing business which, if successful, would mark the end of an era in the brief history of the PC, a machine the company helped to invent.
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IBM is selling its PC-making business to China&#39;s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research
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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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Company is considering a gradual exit from processor sales.
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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'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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IBM&#39;s expected decision to sell its US$11.5 billion PC business would mark the end of an era and dramatically reshape the systems landscape, posing both opportunities and pitfalls for solution providers.
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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.
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IBM has sold its computer making business to Lenovo Group, the Chinese technology company, in a $1.75 billion (Â£900 million) deal, signalling an exit from the PC market it helped create in the 1980s.
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IBM's personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years.
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IBM's deal to sell its personal computer business to China's Lenovo, a move likely to reshape the industry, signals the PC has evolved into a mass consumer item with little profit, analysts say.
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IBM has put its PC business up for sale, according to a story published on Friday on Web site of The New York Times.
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The company credited with making computers a commodity exits the business as PCs become too common for makers&#39; liking. By wire services.
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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 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.