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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]
By the summer of 1993, the IBM PC Co. had divided into multiple business units itself, including Ambra Computer Corporation and the IBM Power Personal Systems Group, the former an attempt to design and market "clone" computers of IBM's own architecture and the latter responsible for IBM's PowerPC-based workstations.
ThinkPad is a line of business-oriented laptop and tablet computers produced since 1992. The early models were designed, developed and marketed by International Business Machines (IBM) until it sold its PC business to Lenovo in 2005; since 2007, all new ThinkPad models have been branded Lenovo instead [5] and the Chinese manufacturer has continued to develop and sell ThinkPads to the present day.
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 ...
Formerly an IBM brand, Lenovo acquired the ThinkCentre desktop brand following its purchase of IBM's Personal Computing Division (PCD) in 2005. Following its acquisition of IBM's PCD, Lenovo has released M-series desktops in multiple form factors, ranging from traditional tower, small form factor, to ultra small form factor, and all-in-ones (AIOs).
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.
In December 2004 Lenovo announced the acquisition of the IBM PC division [14] including the ThinkPad brand (at the time, 40% of the PC division was working in China.) ThinkPads were being made by Lenovo's arch-rival Great Wall Technology. [15] Lenovo released the ThinkPad T60 and T60p laptops in February 2006. [16]
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