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In 1998, IBM merged the enterprise-oriented Personal Systems Group of the IBM PC Co. into IBM's own Global Services personal computer consulting and customer service division. The resulting merged business units then became known simply as IBM Personal Systems Group. [11]
IBM continues to develop storage systems, including tape backup, storage software and enterprise storage. December 2004 – Acquisition of the IBM PC business by Lenovo: Lenovo acquires 90% interest in IBM Personal Systems Group, 10,000 employees and $9 billion in revenue.
Lenovo's acquisition of IBM's personal computer division accelerated access to foreign markets while improving Lenovo's branding and technology. [26] Lenovo paid US$1.25 billion for IBM's computer business and assumed an additional US$500 million of IBM's debt. This acquisition made Lenovo the third-largest computer maker worldwide by volume. [27]
Cancan Chu/Getty Images By Paul Carsten and Soham Chatterjee BEIJING -- Chinese PC maker Lenovo Group Ltd agreed to buy IBM's low-end server business for $2.3 billion in what is set to be China's ...
The world's largest PC manufacturer, Chinese technology company Lenovo , will pay $2 billion in cash and $300 million in stock to acquire IBM's x86 low-end server business, also known as System X.
It has taken a long time, but Lenovo and IBM may be about to finally strike a bargain for IBM's x86 server business. Lenovo has openly acknowledged its interest in this business, but the companies ...
International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.
IBM (1984–1998) United States: 1969: 1998: Acquired by Siemens: Seattle Computer Products — United States: 1978: Unknown: Dissolution: Sanyo — Japan: 1982: 2009: Acquired by Panasonic: Scientific Data Systems — United States: 1961: 1969: Acquired by Xerox: Sequent Computer Systems — United States: 1983: 1999: Acquired by IBM ...