The challenge now begins for Lenovo
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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 Group has signed a five-year deal with IBMÂ to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract.
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ThinkPads for consumers Lenovo's otherlaptop brandname, the 3000 series, doesn't quite have the same ring to it as ThinkPad. Enter, then, IdeaPad, the new name for the company's consumer notebooks, three of which debuted in the US yesterday.â¦
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Chinese computer giant, Lenovo is attempting to take over global information technology giant IBM Corporation&#39;s personal computer business operations, media reports said in Beijing on Tuesday.
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Computer failure points to the challenge of aging equipment.
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After its recent delays and missteps, chip maker sets its sights on a dual-core future.
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Best known for its ThinkPad business-oriented laptops, Lenovo is set to announce its IdeaPad line of consumer laptops.
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BEIJING, Dec. 31 -- The biggest Chinese computer maker Lenovo Group acquired the personal computer unit of the world&#39;s largest information technology giant IBM on December 8 at a cost of US$1.75 billion.
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Although virtually unknown in the United States, Lenovo--said to be in talks to buy IBM&#39;s personal computer business--is China&#39;s largest PC maker and the world&#39;s fastest-growing one.
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From the introduction of its first PC in 1981 to this week&#39;s sale of its PC business to Lenovo of China for about $1.75 billion in cash, IBM has had a quite a few milestones in the PC industry.
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Intel is working on another laptop aimed at serving the developing world.
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Ross Mayfield has an interesting take on the Lenovo/IBM deal and bringing open source to the desktop in his blog... I believe their commoditization strategy is more than hardware.
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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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Lenovo Group Limited and IBM have announced a definitive agreement under which Lenovo will acquire IBMâs Personal Computing division to form the worldâs third largest PC business, bringing IBMâs leading enterprise-class PC technologies to the
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But LCDs, consumer electronics are tough
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When it began two decades ago, the company now known as Lenovo Group Ltd. was little more than a glorified delivery service, a venture launched by academic researchers in Beijing who earned cash by distributing personal computers built by prominent brands in faraway countries.
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Set-top box that works with Viiv-compliant PCs on the way, but hurdles remain on the chipmaker's path to digital living room.