PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: TatvaSoft - Custom Software Development India

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

IBM Sells Personal Computer Business to Lenovo™ China - LENOVO™ Group, Chinese computer maker told it will take over personal computer business from IBM.
IBM Sells Personal Computer Business to Lenovo™ China

 

NewswireToday - /newswire/ - Ahmedabad, Gujarat, India, 2006/03/19 - LENOVO™ Group, Chinese computer maker told it will take over personal computer business from IBM..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Computer Hardware/Storage Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With that it will create international third biggest PC maker with 1.75 billion dollar deal with announcement of China’s ambitions to become a significant player in the industry of world. The deal is one of the largest foreign acquisitions ever from a Chinese organization and is expected to quadruple sales of Lenovo Company, which is already biggest computer maker of Asia, the sources said.

With that it is going to expand IBM’s long running transition of leader, innovator in computer hardware with a dominant force in services of computer, software, IT and consulting. It was formerly known as Legend, it joins a wave of Chinese organization with aggressive plans to expand overseas. With the acquisition, it will allow Chinese industry to make valuable ways and paths to globalization; it has certainly changed the international PC business manufacturing structure of the China.

It will take over desktop PC business of IBM, including research & development and manufacturing for 1.25 billion dollar in cash, shares, and IBM Company will retain 18.9 % stake. The company has also agreed to take on liabilities that rose from the total value of the deal with IBM by 1.75 billion dollar. The organizations will be allowed to use the brand name of IBM under some licensing agreement as well.

So now IBM focuses on software consulting and, Offshore Outsourcing much of its manufacturing. Wit the sale to Lenovo it was expected to cut some production costs and breathe new life into the Personal Computer business that accounts by small portion of total sales or profits of IBM. The brand name of IBM will definitely gain great recognition in country like China, the fastest growing economy of the world and the fastest growing market for Personal Computers world-wide, Beijing-based Company has more than 26 % of China’s share for computer market and the shares are traded in Hong Kong.

The company will require branching out by services and other segments as profit margins for manufacturing shrink, it is really difficult but they are certainly not shying away of any challenges. IBM had 5 %f the worldwide PC market in year 2004, selling 6.8 million units, according to Gartner Inc., a American technology consulting organization. With comparing to more than 16 percent for Dell Inc. and more than 13 % for Hewlett-Packard Inc., which makes further the HP and Compaq brands.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Computer Hardware/Storage Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TatvaSoft - Custom Software Development India

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Computer Hardware/Storage articles,
CATCH Visitors via Your Competitors Announcements!


IBM Sells Personal Computer Business to Lenovo™ China

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: TatvaSoft.com 
+91 79 40038222 info[.]tatvasoft.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TatvaSoft - Custom Software Development India securities in any jurisdiction including any other companies listed or named in this release.

Computer Hardware/Storage via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TatvaSoft - Custom Software Development India / Company Profile


Read Computer Hardware/Storage Most Recent Related Newswires:

KorenixSky--11 Korenix Launches JetNet 6828Gf for Substation Applications
Korenix Launches JetNet 6828Gf for Substation Applications
MXstudio Network Management Suite Features New Functions to Manage the Security Status of Network Devices
Curtiss-Wright’s New Memory-Maximized 16-Core Intel® Xeon® Processor D-based DSP Module is First to Support Up to 128 GB DDR-4 Memory
Moxa Launches MC-1100 Computer Designed for Industrial Automation Applications
Eurotech Announces EDCK 4001 - A New Development Kit to Create IoT Applications from Field-to-Cloud in Minutes
Korenix Introduces Modern Train Solution - Korenix JetNet 7714G-M12
Eurotech Collaborates with Red Hat on the First Code Contribution to and the Availability of Eclipse Kapua
Korenix Launches Industrial Communication Computer - JetBox8312 for High Flexibility Deployment
Moxa Releases New Switch Firmware to Ramp Up Device Security
Moxa Switches Bring Legacy Devices to PRP/HSR Networks
Korenix Launches New JetPort 5801 V3 for Serial to WIFI Transmission
Eurotech Announces ESF Release 4.0 - Featuring Support for the New ReliaGATE 20-25 and Connectivity to Multiple Clouds
Eurotech Presents New Products for Rolling Stock At Innotrans 2016
Moxa Launches Modbus-to-DNP3 Gateway to Accelerate Project Deployments

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)