[Fsfe-uk] IBM says bye-bye to PC

[Paul Mobbs]

Well, it had to happen sooner or later.

Does thi smean they're ditching small systems because consultancy makes more 
money???


P.


http://www.guardian.co.uk/business/story/0,3604,1368997,00.html

Lenovo buys IBM PC business

George Wright and agencies
The Guardian, Wednesday December 8, 2004

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 (£900m) deal, it was confirmed today.

The acquisition makes the Beijing-based Lenovo Group the world's third-largest 
PC maker, and is the latest in a series of overseas buyouts by Chinese 
companies. It is expected to quadruple Lenovo's sales.

"This acquisition will allow Chinese industry to make significant inroads on 
its path to globalisation," the Lenovo chairman, Liu Chuanzhi, said. "It has 
changed the structure of the global PC manufacturing business."

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(Edward Burroughs, 1659 - from 'Quaker Faith and Practice')


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