Lenovo signs end-user services deal with IBM
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InfoWorld - Lenovo Group has signed a five-year deal with IBM&#160;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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Lenovo Group Ltd. agreed to pay $1.25 billion for International Business Machines Corp.&#39;s personal computer business, lifting China&#39;s largest PC maker to third in world rankings and giving it a globally recognized brand.
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PC Magazine - IBM provides software, hardware and services to enable financial services firms to support high-performance computing and grid systems.
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IBM appears close to signing a deal to turn its PC business over to Lenovo Group of China. Industry experts say it makes sense for IBM to get out of the low-margin PC business, but caution that
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IBM will sell its once vaunted personal computer business to Lenovo Group Ltd., the leading computer maker in China.-The Washington Post
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo Group, China&#39;s largest PC maker, in a deal valued at $1 billion to $2 billion, people close to the negotiations said.
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IBM Corp. is selling its personal computer business to China&#39;s largest PC maker in a $1.25 billion deal that marks the end of an era for the company that made &quot;PC&quot; a household word.
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On 7 December 2004, IBM and China&#39;s Lenovo announced that Lenovo will acquire IBM&#39;s PC business for a total of $1.75 billion in cash and shares.
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The agreement between Lenovo, the worldâs third-largest PC maker, and Microsoft replaces a similar deal the Chinese computer maker had with Google.
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Sybase said today that it has struck a deal with IBM in which Big Blue will market and distribute Sybase&#39;s Linux database management software.
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CHINA&#39;S largest manufacturer of personal computers Lenovo Group has confirmed it is in acquisition negotiations with a major information technology company, widely believed to be IBM.
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IBM (NYSE: IBM) today announced that it has reached an agreement with  the U.S.
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By Frank Norton and Anne Krishnan, The News & Observer, Raleigh, N.C.  May 30--Lenovo, which is trying to increase sales of its computers to consumers and small businesses, is teaming with IBM to roll out a new technical support service for those customers.
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Following days of rumors, IBM late Tuesday made it official: the company said it was spinning off its personal computer business with the Lenovo Group, China&#39;s biggest maker of personal computers.
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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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Lenovo Group Ltd. will purchase IBMâs personal computer business for $1.25 billion including $650 million in cash and $600 million in stock plus $500 million of debt assumption.
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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.