IBM

Lenovo Looks Ahead From Atop PC World

The Economist details the rise of Chinese computer giant Lenovo, from its humble start in a guard shack to the growing pains that followed its 2005 acquisition of IBM’s corporate PC division: Given all this, its recent...

IBM Linked to China Court Case – Richard McGregor

From Financial Times: IBM, the computer services company, has reportedly been named in court documents in China that have emerged from the corruption trial of a senior Chinese banker. Zhang Enzhao, former chairman of China Construction Bank, one of the country’s “big five” lenders, was jailed for 15 years last week after being convicted of […]

IBM to Transfer Key Unit’s Base to China – Loretta Chao and Mei Fong

From The Wall Street Journal: International Business Machines Corp. is moving the headquarters of one of its biggest divisions to China. IBM is to announce today that it will relocate the head office of its global procurement arm to the southern city of Shenzhen from Somers, N.Y. The division maintains relationships between suppliers and IBM’s […]

Virtual Forbidden City to Be Built – China News

From China News via China Net: “The Forbidden City: Beyond Space and Time”, a joint project of the Palace Museum and IBM, was launched on the June16th. The two sides will spend two years building an interactive real-time information and guiding platform for a global audience both on the spot and via the Internet. According […]

Lenovo OKs $350 Mln Private Equity Deal

From Reuters, via washingtonpost.com: Three U.S. private equity firms have agreed to invest $350 million in Lenovo Group Ltd., the top Chinese computer maker that is buying IBM’s personal computer business, the parties confirmed on Wednesday. Under terms of the deal, Texas Pacific Group (TPG) will invest $200 million, General Atlantic LLC will put up […]

Charles Cooper: Silicon Valley’s China syndrome

Charls Cooper, the executive editor of commentary at CNET News wrote this article on CNET: Just when you thought politicians in Washington, D.C., could not be more out to lunch, here come House members Henry Hyde, Duncan Hunter and Don Manzullo to prove that stupidity should be reclassified as a contagious disease. Hyde, Hunter and […]

China’s high-tech hero

From the Financial Times: “Liu Chuanzhi, chairman of Lenovo, the Chinese computer company, clearly recalls his early tentative dealings with International Business Machines, the mighty US technology group, in 1985. Mr Liu and a small group of researchers from the Chinese Academy of Sciences had only the year before ‘plunged into the sea’ of business […]

Money from China’s boom makes way into U.S. economy

From the Mercury News: China’s role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM’s personal computer business. The $1.75 billion deal signified a bold attempt by a Chinese electronics company to control a global brand. It was also China’s […]

A landmark move for China Inc.

From the Christian Science Monitor: “In a moment on Wednesday, the gathering might of the Chinese economy became as imposing and obvious as the Great Wall. This was no economic forecast – no set of percentages and decimal points that hinted obliquely at the power that 1.3 billion shoppers could someday wield. This was news […]

IBM Sells PC Unit to China’s Lenovo

From Reuters: “China’s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote ,Profile ,Research ) , said on Wednesday it is buying control of IBM’s PC-making business for $1.25 billion, capping the U.S. tech giant’s gradual withdrawal from the business it helped pioneer in 1981. The agreement, which forms the world’s third largest PC business, […]

Oh, My God! The Chinese Are Coming!

This article is from the Slate, subtitle is “They’re buying IBM’s PC business. What’s next—McDonald’s?” The New York Times has a genuine scoop today .IBM, which introduced its widely cloned personal computer in 1981, has put its PC business on the block. The news is not earth-shattering. PCs are a small business for IBM—the unit […]

Interview: IBM Eyes Half of China’s Computer Market

Reuters via Yahoo! News: “International Business Machines Corp. is reaping the rewards of a decade-long push into China’s business computer market and is eyeing upward of a 50 percent share, China General Manager Henry Chow said. Citing industry figures, the world’s largest computer company boasts a 43.6 percent share of China’s market for business computers […]

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