International Business Machines Corp. has put its personal computing business up for sale in a deal that could be worth as much as $2 billion. Lenovo Group Ltd., China's top PC manufacturer, and at least one other company are said to be in talks with IBM. In its first disclosure that a deal may be imminent, Lenovo said it was in acquisition talks with a major technology company, without identifying the firm. The move to dispose of its PC business, which IBM started two and a half decades ago, is part of a long-standing effort by IBM to reduce its exposure to the market. It already relies on contract manufacturing partners, including a joint venture with China's Great Wall Technology, to produce all of its PCs. The deal would propel Lenovo from eighth place among PC manufacturers to the No. 3 position, combining its own 2.2 percent share with the 5.5 percent held by IBM. IBM's PC business employs roughly 10,000 people, including about 2,300 in the United States -- mostly product designers, marketers and sales specialists -- and some 7,700 overseas, a company spokesman said.
The latter includes more than 4,000 manufacturing workers in China employed by IBM's joint venture with Great Wall Technology in the southern Chinese city of Shenzhen. Most IBM ThinkPads are built through this joint venture.
Well I guess that would mean all 10,000 jobs are lost to China !!
First WalMArt now IBM
Merry Christmas
To The Already 7,700 lost jobs.
Email IBM Click Here
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