[Thinkpad] I.B.M. Said to Put Its PC Business on the Market

Just read this article in the Friday's New York Times.

They're selling the whole pc hardware division:

(Snipped)

"While I.B.M. long ago ceded the lead in the personal computer market to
Dell and Hewlett-Packard so it could focus instead on the more lucrative
corporate server and computer services business, a sale would nonetheless
bring the end of an era in an industry that it helped invent. The sale,
likely to be in the $1 billion to $2 billion range, is expected to include
the entire range of desktop, laptop and notebook computers made by I.B.M."

"According to the people close to the negotiations, I.B.M. is in serious
discussions with Lenovo, China's largest maker of personal computers, and at
least one other potential buyer for the unit. Lenovo was formerly known as
Legend."

"in the most recent quarter, I.B.M. ranked a distant third in worldwide PC
sales, with 5.6 percent of the market, according to Gartner, the market
research firm. Dell was the leader with 16.8 percent of the world market,
and Hewlett-Packard, which has absorbed Compaq Computer, had 15 percent."

"To trim costs, I.B.M. has steadily retreated from the manufacture of its
PC's. In January 2002, it sold its desktop PC manufacturing operations in
the Untied States and Europe to Sanmina-SCI, based in San Jose, Calif.
I.B.M. now confines its role in PC's to design and product development out
of its offices in Raleigh, N.C., with all the I.B.M.-brand desktop or
notebook computers made by contract manufacturers around the world."

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Received on Fri Dec 3 01:58:43 2004