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IBM among firms reevaluating role in PC market.
Byline: Bob Keefe
Dec. 9--IBM Corp.'s sale of its personal computer business is a historic turning point for the industry, but almost every computer maker is reassessing its role in the evolving PC market.
Lenovo Group Ltd.'s $1.75 billion agreement to buy IBM's pioneering PC business will likely pressure competitors to do something sooner rather than later, industry watchers say.
Many predict other computer companies may soon try to sell off their money-losing PC businesses.
Some might speed up their shift from desktops to everything that connects to them -- music players, flat-screen televisions, voice-over-Internet telephones and other gadgets.
And still others will be looking for new ways to quell investor nervousness…
- IBM prepares to sell remaining PC business.
- Newspaper article from: Knight Ridder/Tribune Business News December 4, 2004 700+ words
...that another U.S. company is interested in IBM's PC business. IBM's competitors steered clear of the speculation...the ThinkPad line, which is the crown jewel of IBM's PC business. Other options include paying IBM some royalties...
- PC business sale a big win for IBM; bigger challenge for Chinese buyer.
- News wire article from: The America's Intelligence Wire December 9, 2004 700+ words
...said Promisel, "In the PC business, as IBM found out, it's difficult...Promisel said of IBM. Returns for IBM's PC business are at the low end of the industry...According to Goldman Sachs, IBM's PC business is projected to have a pretax...
- Lenovo Mulling Purchase of IBM's PC Business.
- News wire article from: Asia Africa Intelligence Wire November 12, 2004 700+ words
...China, is set to take over the PC business of IBM, says market sources. Zhu...shot in the arm by purchasing IBM's PC business. In early this year, Lenovo...completion of the purchase of IBM's PC business, Lenovo will post Lenovo on...
- China's Media Shocked by Loss of Former PC Business of IBM.
- News wire article from: Asia Africa Intelligence Wire January 7, 2005 700+ words
...Securities and Exchange Commission, the PC business that IBM had sold to China's Lenovo has been making...pointed out that they had communicated with IBM before buying, and said IBM's PC business operated rather well. The submit of the...
- IBM Reportedly Selling PC Business.
- News wire article from: The America's Intelligence Wire December 3, 2004 700+ words
...have said a sale of the PC business would make sense for IBM. Ben Reitzes, an analyst...slim. Morgan Stanley said IBM's PC business contributed less than 1...worried that selling the PC business would give IBM less leverage to "upsell...
- End of an era as IBM sells its PC business to Chinese firm.(Brief Article)
- Magazine article from: Computer Weekly December 14, 2004 700+ words
...business tool. Samuel Palmisano, IBM chairman and chief executive, said the sale of its PC business would allow IBM to focus on the enterprise, and also create a new global PC business. Through the sale Lenovo will...
- Fitch Ratings Comments on IBM's Sale of PC Business.
- Press release article from: Business Wire December 8, 2004 700+ words
...lesser extent, credit statistics. IBM's approximate $11 billion PC...million of Lenovo common stock (IBM will take a 18.9% equity stake...quarter of 2005. Disposition of the PC business is consistent with IBM's desire to focus more on information...
- CHINA'S LENOVO CONFIDENT OF TURNING AROUND IBM'S PC BUSINESS.
- News wire article from: Asia Africa Intelligence Wire January 7, 2005 700+ words
...confident of arresting the loss-making situation of IBM's PC business to make both ends meet in 2005 and turn a profit in 2006...complete the acquisition of IBMs PC business in March 2005. IBM's PC arm suffered from losses mainly because the proportion...
- China's biggest computer maker announces acquisition of IBM's PC business.
- News wire article from: The America's Intelligence Wire December 8, 2004 700+ words
...Lenovo is taking over IBM's desktop PC business, including research...the deal to ensure IBM, despite its relatively...retains a say in the PC business. Lenovo Group...be chairman of the PC business. But the deal shifts IBM to a peripheral role...
- Lenovo Acquires IBM's PC Business.
- News wire article from: Asia Africa Intelligence Wire December 10, 2004 700+ words
...acquisitions in the sector, the chairman added. IBM, who has been longing for exit from the PC business for years, spun off the PC business as investors expected, causing IBM stock price up USD 1.32 on December 6 at the...
Source: HighBeam Research, IBM among firms reevaluating role in PC market.
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