IBM Reported to Put Its PC Business Up for Sale
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IBM (IBM.N: Quote, Profile, Research) 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
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A Chinese company has become the third largest PC seller in the world by buying IBM&#39;s personal computer business. Lenovo has bought the business for USD 1.25 billion, of which USD650m is in cash and the rest in Lenovo shares.
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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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In unloading its personal computer business for $1.75 billion to a Chinese company, IBM managed to keep the division's most profitable pieces -- services and support. The onus is now on buyer Lenovo Group Ltd. to improve the businesses' notoriously thin profit margins, and the skeptics are many.
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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 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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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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International Business Machines Corp. has put its personal computing business up for sale in a deal that could be worth as much as &#36;2 billion, the New York Times reported on Friday.
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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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DECEMBER 07, 2004 (REUTERS) - China&#39;s largest PC maker, Lenovo Group Ltd., could announce as early as today that it is buying control of IBM&#39;s PC-making business for up to $2 billion, a source familiar with the situation said.
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An era will come to an end when IBM sells off its computer manufacturing business, according to The New York Times. A Chinese company seems the likely buyer, and the deal should fetch upward of $2 billion.
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IBM's (NYSE: IBM) deal to sell off its PC unit to China-based Lenovo may hit a snag, as U.S. federal agencies decide whether the arrangement endangers national security.
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Late Tuesday, IBM announced that it&#39;s selling its PC business to Lenovo Group Limited, the leading PC brand in China. IBM&#39;s current PC business ranks a distant third behind Dell and HP
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After days of speculation, computer services giant IBM Corp. announced Wednesday a US$1.75-billion deal to sell its PC business to Asia&#39;s largest computer maker.
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International Business Machines Corp.  has put its personal computing business up for sale in a deal  that could be worth as much as $2 billion, the New York Times  reported on Friday.
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NEW YORK -- International Business Machines Corp. has reportedly put its personal computer business up for sale in a deal that could fetch as much as $2 billion and close an era for an industry pioneer which
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International Business Machines Corp. has reportedly put its personal computer business up for sale in a deal that could fetch as much as &#36;2 billion and close an era for an industry pioneer which long ago shifted its focus to more lucrative segments of the computer business.