Word: lenovo
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Shortly before IBM announced the end of an era, its China employees gathered in the conference room of the firm's Beijing office. There, company officials told them that IBM, which practically invented personal computers, would sell its PC unit to a Chinese competitor, Lenovo (formerly Legend). The 60 or so attendees learned that, upon joining Lenovo, they would become the backbone of the world's third biggest computer maker. Hours later, a proud headline in the online edition of the People's Daily summarized the $1.25 billion deal: "China's IT Industry Has Stood Up." Yet the mood...
Unconfirmed reports in the New York Times and Washington Post last weekend suggested that IBM may sell its personal computer division to the Chinese company Lenovo. An IBM spokesperson would not confirm or deny the rumor...
...Schauer says people everywhere are postponing Christmas purchases to later and later in the season "and at some point time runs out." Indicators For Sale by Owner Twenty-three years after releasing the first commercial personal computer, IBM is reportedly discussing the sale of its PC business. China's Lenovo Group is said to be a likely buyer at a cost of $1-$2 billion. IT research group Gartner predicts that low growth and profits will force three of the world's top 10 PC vendors out of the market by 2007. Glowing Review The U.S. Motion Picture Association hailed...
...Chinese government may have a love-hate relationship with the West--eager for Western technology yet threatened by democracy--but for Chinese consumers, Western goods mean one thing: status. Chinese-made Lenovo (formerly Legend) computers used to outsell foreign competitors 2 to 1; now more expensive Dells are closing the gap. Foreign-made refrigerators are displacing Haier as the favorite in China's kitchens. Chinese dress in their baggiest jeans to sit at Starbucks, which has opened 100 outlets and plans hundreds more. China's biggest seller of athletic shoes, Li Ning, recently surrendered its top position to Nike, even...