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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.
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.
The interesting part about Lenovo buying IBM's PC business that hasn't gotten much attention is that Lenovo, which is based in China, is turning over much of the management of the company to a ...
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 ...
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]
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 ...
The merger made Compaq, at the time, the world's second largest computer maker in the world in terms of revenue behind IBM. [ 50 ] [ 23 ] Digital Equipment, which had nearly twice as many employees as Compaq while generating half the revenue, had been a leading computer company during the 1970s and early 1980s.