PC Sector Sale By IBM Would Signal Change
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Among corporate technology managers, it's one of the oldest adages: "Nobody ever got fired for buying IBM."
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IBM is in talks to sell its personal computer manufacturing business which, if successful, would mark the end of an era in the brief history of the PC, a machine the company helped to invent.
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Hewlett-Packard Co.  will be under pressure to sell its personal computer business after IBM's decision to sell its PC operations to China's top PC manufacturer, but analysts said the No. 2 computer maker would hold on to its &#36;25 billion PC division for now.
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IBM&#39;s expected decision to sell its $11.5 billion PC business would mark the end of an era and dramatically reshape the systems landscape, posing
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IBM (NYSE: IBM) is selling its PC business, marking the end of an era for the personal computing pioneer, according to a story published today in the New York Times. The report was not verified by IBM, which could not be reached for comment this morning.
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IBM has put its PC business up for sale, according to a story published on Friday on Web site of The New York Times.
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In a highly anticipated announcement, IBM (Quote, Chart) confirmed late Tuesday it is selling its PC division to China&#39;s Lenovo Group.
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This week, IBM said it is selling off most of its PC division to Lenovo, China&#39;s No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term.
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IBM&#39;s (Quote, Chart) decision to sell its personal computing division to China&#39;s leading PC maker Lenovo for $1.75 billion spawned diverse reactions in the industry.
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China's largest personal computer  maker, Lenovo Group Ltd., could announce as early as Tuesday  that it is buying control of IBM's PC-making business for up to  US$2 billion, a source familiar with the situation said.
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IBM, the company that transformed personal computers from a hobby to an industry with the introduction of its PC line in 1981, will bow out of the increasingly low-margin market through a partnership
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PC buying uptick won't last. Corporations are upgrading at a normal pace, while consumers who waited for Vista have now made the switch.
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Speculation surrounding the sale of part of the IT company IBM today intensified as the Lenovo Group, China&#39;s leading PC brand, said negotiations with another manufacturer were at an &quot;advanced stage&quot;.
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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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IBM's decision to sell its PC division to a China-based company prompted a range of reactions today from technology users, from disappointment to a belief that the move reflects the times and the impact of globalization.
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IBM may need to do some creative deal making in order to sell PC business to China&#39;s Lenovo. By Robert Cyran, Breakingviews. LONDON (Breakingviews) - It&#39;s no surprise IBM is in talks to sell its PC business
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IBM said late Tuesday that it will sell its personal computer division to a Chinese rival, a move it said should have no immediate effect on its Triangle work force.