IBM Inks $1 Billion Voice And Data Deal With Lloyds
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High-capacity fiber network for voice, data, and video will cut Lloyds bandwidth costs and let it offer new high-bandwidth apps. By Steven Marlin.
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo, China&#39;s largest PC maker, in a deal valued at between $1 billion and $2 billion, people close to the negotiations said Monday.
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(InfoWorld) - 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. Lenovo plans to expand the services it offers customers with the addition of "fee-based technical support, installation, deployment and other PC-related services," the filing said. Lenovo did not reveal when the new services will be introduced, but they are likely to come soon: the company expects to make payments to IBM under this deal during its current financial year, which ends next month. In an e-mail statement, Lenovo spokeswoman Angela Lee declined to offer details of the new services, but said "many" of them are intended for consumers and small-business users -- markets that Lenovo is keen to crack outside China, and particularly in the U.S. After considering several service providers, Lenovo chose to outsource these functions to IBM, which is one of the company's largest investors, because the company has an established worldwide services organization and an existing business relationship with Lenovo. Lenovo expects the deal to generate payments to IBM of $15 million during its current 2006-2007 fiscal year, which ends March 31.That amount is expected to rise to $35 million during the company's next fiscal year, 2007-2008, and $45 million during 2008-2009. These payments may increase further to $50 million annually during the 2009-2010, 2010-2011, and 2011-2012 fiscal years, Lenovo said in the filing.
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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 has won a $972 million, seven-year services contract to help move U.K. bank Lloyds TBS to a converged voice and data network that improves connectivity for more than 2,000 national branches and 4,200 ATMs.
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European banking giant Lloyds TSB has tapped IBM to assemble a voice and high-speed Internet network connecting branch branches, call centers and cash machines, the two companies said Monday.
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IBM said Wednesday that it has sewn up outsourcing deals with two Danish companies valued at more than $1 billion over 10 years, reinforcing its strength in Europe.
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IBM on Wednesday said it has settled portions of an ongoing lawsuit related to its pension plan and said the potential liability for the other claims that remain on appeal is capped at $1.
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Lenovo Group Ltd., China&#39;s biggest personal computer maker, agreed to pay $1.25 billion for International Business Machines Corp.
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Lloyds TSB has tapped IBM as the key provider for its massive new VoIP infrastructure project. The new project will make Lloyds TSB the owners of one of the largest converged voice and data networks in Europe
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NEW YORK -- IBM Corp. agreed to a deal Wednesday that all but settles a case in which 140,000 workers claimed the computer giant&#39;s pension plan discriminated against older workers.
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IBM has signed a 7-year, $969 million  contract with British bank Lloyds TSB to supply it with  Internet telephony and data services, The U.S.-based computer  giant said on Monday.
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Caixanova and IBM (NYSE: IBM) today announced details of a 10-year, 70 million euro information technology services agreement that will optimize the savings bank's IT platform and prevent data loss in the event of possible interruptions.
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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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IBM (IBM) said Tuesday that it would sell its PC business to Lenovo, China&#39;s No. 1 PC maker, in a $1.75 billion deal that marks the end of an era.
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COMPUTER bellwether IBM has signed a seven-year, Â£500 million contract with Lloyds TSB to supply the UK bank with internet telephony and data services.
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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.