2004-12-08

Der geplante Deal zwischen IBM und Lenovo steht jetzt: die chinesische Hardwarefirma wird das PC-Geschäft von Big Blue übernehmen. nnounced late yesterday the sale of its personal computer business to Lenovo, China's largest personal computer maker, a deal that reflects the industrial and economic ambitions of not only the two companies but also their two nations. Under Lenovo's ownership, the I.B.M. personal computer business will continue to be based in the United States and run by its current management team. I.B.M. will take a stake of 18.9 percent in Lenovo, which is based in Beijing but plans to have headquarters in New York. The significance of the deal may exceed the relatively modest amount that Lenovo is paying: a total of $1.75 billion in cash, stock and debt. The transaction - The Times reported late last week that I.B.M. had put its PC business up for sale - points to the rising global aspirations of corporate China as it strives to become a trusted supplier to Western companies and consumers. The sale also signals a recognition by I.B.M., the prototypical American multinational, that its own future lies even farther up the economic ladder, in technology services and consulting, in software and in the larger computers that power corporate networks and the Internet. All are businesses far more profitable for I.B.M. than its personal computer unit. But the move signals an acknowledgment by I.B.M. that its future in China may be best served by a close partnership with a local market leader - particularly one, as in Lenovo's case, that is partly owned by the Chinese government.

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