Word: ibm
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...seems like an astonishing triumph for a Chinese company: Lenovo, China's biggest computer maker, is buying the PC division of American icon IBM. Yet Lenovo's $1.75 billion purchase of the IBM division that makes the popular laptop and desktop machines is less an invasion of the West than an escape from the East. China's domestic market, although still booming, has become a competitive cauldron as foreign companies pour...
Lenovo gets to use IBM's brand for the next 18 months on products such as ThinkPad. After that, goods will carry the combined Lenovo and IBM label. And in five years "there will be no more IBM personal computers," says Lenovo CEO Yang Yuanqing. That's fine by IBM, which gets to make a graceful strategic exit from an unprofitable commodity business. And if Lenovo proves better at selling PCs than IBM, the Yanks still benefit: IBM will keep a 19% stake. --By Matthew Forney. With reporting by Michael Schuman
...IBM Professor of Business and Government and Dunster House Master Roger Porter watched as Dunster made their way to victory...
...millions building and operating prisons across the nation. These companies and their shareholders, therefore, have a vested interest in human beings continuing to be arrested and incarcerated for long periods. Not only do private prison companies profit, but so do phone companies that overcharge inmates and companies like IBM and Victoria’s Secret that use underpaid, unfree prison labor for manufacturing...
...long run, Lenovo wants to turn its own name into a glamorous brand. But if its image in China is any indication, that'll prove tricky. Li Yong, a 35-year-old technician, spent last Friday shopping for an IBM ThinkPad in Beijing. It will be his third, and probably his last. "IBM's laptops are the most stable in the world. I won't take the risk of buying one with Lenovo technology." Lenovo will soon have to make the rest of the world think otherwise...