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George He hasn't gotten used to working with Americans. The chief technology officer of PC maker Lenovo has had to deal with a lot of them since the Chinese company acquired the computer-manufacturing business of U.S. giant IBM last year. On his monthly jaunts to Lenovo's new global headquarters in Raleigh, N.C., He, 43, complains there "aren't so many good Chinese restaurants." But he finds the cocktail parties that precede business dinners even harder to endure...
Catching up on college rivalries is the least of the challenges facing Lenovo's managers. Once little known outside China, Lenovo catapulted to No. 3 in the world PC market (after Dell and Hewlett-Packard) with its $1.75 billion IBM purchase. The acquisition, the most high-profile overseas grab by a Chinese firm, horrified many Americans, who saw a rising China set to gobble up flagship industries in the U.S. After all, IBM virtually invented the PC 25 years...
...there were sound reasons why Big Blue disgorged that trademark business--not least of which being that it was a lousy one. With its market share in retreat, the unit had lost nearly $1 billion in 3 1/2 years. Much of IBM's sales were in a slow-moving segment of the PC market--large shipments to major companies--and IBM hadn't fully tapped the more robust small-business and consumer markets. As a result, Lenovo's PC shipments have grown more slowly than the industry average for four of the past five quarters. That lopsided business, says William...
...group," he notes-- raved about a recent Krzyzewski talk. "It's about honesty, it's about love, and often times, in the big world, you don't see many leaders get up and talk about things like that." Mack equates Krzyzewski's leadership skills to those of legends like IBM's Lou Gerstner and GE's Jack Welch...
...cruise, promoted as a tour for Christians who want to be "the women God wanted them to be," was the chance to create a spiritual memory book. "The scrapbooking session was described as commemorating the important events of your spiritual life, with all necessary art supplies provided," says the IBM software architect and devoted Protestant. But as it turned out, Fisher never once set foot in that workshop. She ended up by the pool with her daughter Christy, 27, where both enjoyed meeting other women--Episcopalians, Catholics, Methodists --whose similar values made for easy friendships...