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IBM Sells Thinkpad Division to LenovoFriday, December 10, 2004The end of the Thinkpad era?.....IBM has sold it's PC manfacturing business to the Lenovo Group, China's largest PC company for around 1.75 billion dollars. Lenovo is partially owned by the Chinese government and has a prominent market share in China. This news comes 23 years after the release of the first IBM personal computer. "Lenovo Group Limited, the leading Personal Computer brand in China and across Asia, and IBM today announced a definitive agreement under which Lenovo will acquire IBM's Personal Computing Division to form the world's third largest PC business, bringing IBM's leading enterprise-class PC technologies to the consumer market and giving Lenovo global market reach beyond China and Asia." Say it ain't so :( - It looks like the rumours in the New York Times, that IBM were selling off their PC division, including the world famous Thinkpad range of laptops to the Chinese, turned out to be true. Hopefully it's a fair bet that even if the division is given an oriental holiday, the ThinkPad brand will still be with us. Well as they say in the optometrists, we shall see..... Read another IBM laptop story: IBM Thinkpad T20 in permanent hibernate mode IBM unveils new biometric laptop |
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