On Gear Live: Mysterious new smartphone from camera maker Red and getting hyped for the Tesla Model 3 - Geared Up!


Find Our Latest Video Reviews on YouTube!

If you want to stay on top of all of our video reviews of the latest tech, be sure to check out and subscribe to the Gear Live YouTube channel, hosted by Andru Edwards! It’s free!

Tuesday December 7, 2004 12:44 pm

IBM Sells Their PC Business

Posted by Andru Edwards - Categories:

IBM Sells PC Division to LenovoBelieve it or not, IBM has sold their PC business to Lenovo, a Chinese computer manufacturer. Lenovo acquired the property for $650 million plus $600 million in their company stock. This gives IBM 18.9% ownership of Lenovo, while Lenovo ends up with all "Think" associated assets (ThinkPad, ThinkCenter, etc.). This is big news, as IBM was synonymous with the term "personal computer" at one time. I remember a time when all PC's that weren't made by Apple were given the moniker "IBM Compatible". Lenovo plans to hire about 10,000 of the current IBM PC Division employees.

Read More | XinHuaNet

  • Related Tags:

Latest Gear Live Videos



Commenting is not available in this channel entry.