Nearly four years ago I predicted that IBM would leave the PC business, and it took IBM two years to convince me that I was wrong. Imagine how surprised I was this week when IBM actually sold its PC business. Lenovo, formerly Legend, is a Chinese company partially owned by the Chinese government. The chairman of the new company will come from Lenovo while the CEO will come from IBM, which will continue to provide sales and financing support. In addition, IBM Chinese manufacturing, with the exception of the XSeries Servers, will move to Lenovo.
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Big Blue’s Departure from the PC Biz
Posted by: Rob Enderle December 9, 2004 04:00 AMNearly four years ago I predicted that IBM would leave the PC business, and it took IBM two years to convince me that I was wrong. Imagine how surprised I was this week when IBM actually sold its PC business. Lenovo, formerly Legend, is a Chinese company partially owned by the Chinese government. The chairman of the new company will come from Lenovo while the CEO will come from IBM, which will continue to provide sales and financing support. In addition, IBM Chinese manufacturing, with the exception of the XSeries Servers, will move to Lenovo.