IBM Sells it personal computer business

As expected, IBM has announced that it has sold off it’s personal computer business to a company from China called Lenovo.

Article is here.

BEIJING/SAN FRANCISCO (Reuters) - China’s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research) , said on Wednesday it is buying control of IBM’s PC-making business for $1.25 billion, capping the U.S. tech giant’s gradual withdrawal from the business it helped pioneer in 1981.

Posted by Jake Covert on 12/8/2004, early morning

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