AMD, Lenovo Win PC Contract for Chinese Schools
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Advanced Micro Devices Inc. , Lenovo Group Ltd. (0992.HK) and Dawning Information Industry have won a contract to supply 26,000 AMD-based computers for newly wired classrooms in a Chinese province.
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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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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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(InfoWorld) - Intel has teamed up with a Taiwanese motherboard vendor to tap China'sÂ burgeoning Internet cafe market, on the heels of a similar announcement earlier this year by rival Advanced Micro DevicesÂ (AMD). Intel China and Elitegroup Computer Systems are taking the battle to system administrators at Chinese Internet cafes, offering the latest version of Intel's network management software designed for Net cafes, as well as motherboards with the latest Intel Core 2 Duo chips on board. The chip maker's Intel Platform Administrator software, IPAT 3.0 with support for Core 2 Duo, was designed to create a more secure, stable network at Internet cafes, with extras such as game management. The software is the first product developed by researchers at an Intel lab in China, designed for Chinese users, the company said in a statement. Elitegroup will provide the motherboards. The announcement follows a deal between Advanced Micro Devices (China) Co. and China's third largest computer vendor, Tsinghua Tongfang, earlier this year. In April, theÂ two companies shook handsÂ on a pact to sell PCs based on AMD chips to Internet cafes throughout China. There are over 120,000Â Internet cafes in China, requiring around 6 million PCs, according to Elitegroup. Although the market may not seem huge, nearly a third of China's 123 million Internet users log on via Net cafes at least part of the time, according to official number cruncher, the China Internet Network Information Center. Intel and Elitegroup will host a series of meetings in cities throughout China to demonstrate and sell the new products, starting with Wuhan, on Sept. 15, they said. They also plan to work with Net cafe owners to help them find ways to use the products to cut costs and improve their business.
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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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HONG KONG (Dow Jones)--Lenovo Group Ltd. (0992.HK), China&#39;s largest computer company, confirmed it is in acquisition talks with a major international information technology company.
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US technology giant IBM is selling its personal computing business to China&#39;s biggest PC maker. The deal highlights China&#39;s growing economic clout and global reach.
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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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HONG KONG/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer  company, Lenovo Group Ltd., for $1.25 billion, marking the U.S.  firm's retreat from an industry it helped pioneer in 1981.
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An online education deal is being signed between firms in the UK and China - with plans to reach 20 million students.
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Intel, the worldâs largest semiconductor and Microprocessor Company, is officially helping China and other Asian countries adopt Linux over Microsoftâs popular Windows platform.
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A Chinese company has become the third largest PC seller in the world by buying IBM&#39;s personal computer business. Lenovo has bought the business for USD 1.25 billion, of which USD650m is in cash and the rest in Lenovo shares.
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The world&#39;s number-two PC maker Hewlett-Packard has lowed PC prices in China with the lowest price at 4,000 yuan or 480 US dollars, seen as a response to the recent Lenovo-IBM deal.
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Dec. 3--NEW YORK -- International Business Machines Corp. is negotiating with Lenovo Group Ltd. to sell its personal computer business to China&#39;s largest PC maker, the New York Times reported Friday.
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IBM is selling its PC hardware business to number one Chinese computer maker Lenovo.
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IBM, the pioneer of the personal computer, is selling its PC hardware business to Chinese firm Lenovo.
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Lenovo Group Ltd. agreed to pay $1.25 billion for International Business Machines Corp.&#39;s personal computer business, making the Chinese company the world&#39;s third- largest PC maker and giving it a globally recognized brand.