Lenovo-IBM is a tough sell
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Two years ago, I got an inside look at operations at Lenovo Group, the Chinese computing giant that is expected to form a joint venture with IBM to sell PCs worldwide.
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IBM (IBM:NYSE - news - research) is reportedly ready to exit the PC business, having long lost its dominance in the arena. The report said Lenovo Group, China&#39;s top PC company, is among the interested bidders.
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Itâs competition time for PC makers, and good news for price-sensitive consumers. Thatâs how industry gurus are assessing the scenario, after last weekâs sensational announcement of the deal between Chinese PC maker Lenovo Group and US-based IBM.
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IBM yesterday sold its personal computer business to China&#39;s leading manufacturer, Lenovo, in a deal that reflects the profound changes taking place in the economic world order and marks the end of an era for one of America&#39;s most iconic companies.
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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 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 is selling its PC hardware business to number one Chinese computer maker Lenovo.
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U.S. computer firm IBM  raised  US$123 million by selling about 3.5 percent of number three  global PC maker Lenovo Group Ltd. (0992.HK), a term sheet  showed, triggering a 7 percent share slide before a suspension  kicked in.
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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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Chinese PC maker Lenovo Group says it is in the advanced stages of discussions to make a major tech deal--one that is widely believed to be with IBM.
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China's largest computer maker Lenovo Group has reported a sharp fall in profit for the first quarter as it struggles to recover from the loss-making PC business it bought from IBM.
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IBM is reducing its ownership of Lenovo, from a 13% share to around 10%, as Lenovo also announced that IBM will provide service and support to Lenovo's customers.
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IBM (IBM:NYSE - news - research) is reportedly on the verge of a deal to sell a majority interest in its PC business to Lenovo Group, China&#39;s top PC company.
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Is IBM ready to cash out its chips in Lenovo, the world's third-biggest personal-computer maker?  That's a question many Lenovo investors must now be asking themselves following the news that Big Blue is dumping a sizable chunk of its Lenovo equity stake.
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IBM is selling its PC-making business to China's largest personal computer company, Lenovo Group Ltd., for &#36;1.25 billion, marking the U.S. company's retreat from an industry it helped pioneer in 1981.
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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 (nyse: IBM - news - people ) just can&#39;t stay out of the news this week. On Wednesday the firm announced its deal with China&#39;s Lenovo, a giant step toward Chief Executive Samuel Palmisano&#39;s goal of shifting