Word: pc
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
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...
...plunged and foreign rivals have swarmed the country, forcing domestic firms to cut their prices. Although China's economy is still booming, prices for consumer goods actually fell 1% through October this year. Lenovo, which has been under threat domestically from Dell, has seen gross margins from its corporate PC business fall from 14.8% last year to 12.4% in the second quarter of this fiscal year. "Chinese are buying foreign companies out of desperation because of shrinking margins at home," says Arthur Kroeber, managing editor of China Economic Quarterly. "It's not a silly gamble, but it is high risk...
...Lenovo began modestly. Launched in 1984 out of a concrete bungalow, Lenovo quickly grew into China's biggest computer company, commanding just over a quarter of the domestic market today. In 2001, IBM offered to sell its PC unit to Lenovo, but the Chinese firm wasn't interested. It instead launched new lines of handheld devices and corporate services that it thought would drive profits for a decade. Last year, however, those enterprises had a loss of $29 million. The company then reversed tactics and went down-market with "village computers" selling for $350 a pop. But that didn...
According to Moriarty, however, PC discounts to students “are really important...
...half a dozen technologies vying to become the next-gen wi-fi, and only one will win. Take it from Cooper, the grand old man of ArrayComm, who says, "everything takes longer than you think, because people take time to change.'' But then, he notes, people balked at the PC and the cell phone...