IBM brand loyalty holds key for Lenovo
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Lenovo&#39;s purchase of IBM&#39;s PC business is such an unprecedented coup for a Chinese technology company that even some local journalists joined the cheers when it was announced on Wednesday.
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Ken Andre, CIO at packaging company Greif Inc. and an IBM customer, says he&#39;s not worried about IBM&#39;s sale of its PC business to China&#39;s Lenovo Group Ltd.
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BEIJING - Lenovo Group has agreed to pay US$1.25 billion ($1.75 billion) for IBM&#39;s personal computer business, lifting China&#39;s largest PC maker to third in global rankings and giving it a globally recognised brand.
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Lenovo today announced it has garnered top rankings in notebook brand  awareness and customer satisfaction in the fourth quarter of last year,  according to Technology Business Research (TBR).
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Lenovo Group Ltd. of China would transform itself into one of the world&#39;s top three computer makers with the purchase of International Business Machines Corp.
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Chinese PC maker unveils a line of consumer-focused notebooks, but this might not be the best time for it to be making such a market leap.Lenovo's IdeaPad notebooks
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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's deal with Lenovo may signal a round of industry consolidation, analysts say.
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Lenovo Group Ltd.&#39;s purchase of IBM Corp.&#39;s PC business solves problems for both companies, but it also could benefit their rivals, at least in the short term.
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As was widely expected, Armonk, NY-based IBM and Lenovo also said they will enter a strategic alliance and IBM will hold a minority stake, at 18.9%, in the Beijing-based company.
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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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Lenovo, China&#39;s largest personal computer maker, will pay US$1.75 billion (HK$13.65 billion) in cash, stock and assumed debt for IBM&#39;s struggling PC operations in a move that will make it the world&#39;s third-biggest PC manufacturer and fulfil its long-held
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In the past 24 hours sources claiming to be working on the alleged IBM deal have named Lenovo -- China&#39;s largest maker of personal computers -- as the probable buyer.
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SAN FRANCISCO (CBS.MW) - Its name certainly doesn&#39;t carry the recognition of Dell, Hewlett-Packard or Apple Computer, but China&#39;s Lenovo Group could climb up the personal-computer food chain if it ends up buying IBM&#39;s PC business.
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IBM&#39;s decision this past week to sell a majority stake in its personal computer business to Lenovo Group, a vendor based in China, for $1.75 billion in cash, stock, and debt assumption, is
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BEIJING/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer maker,  Lenovo Group Ltd., for $1.25 billion, marking the U.S. giant's  retreat from an industry it helped pioneer in 1981.
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China&#39;s largest manufacturer of personal computers, Lenovo Group, has bought IBM&#39;s PC business for $1.25 billion, making it the world&#39;s number three in the sector.