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IBM sold to Chinese pc maker

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posted on Mar, 9 2005 @ 08:18 PM
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news.yahoo.com.../nm/20050309/tc_nm/tech_ibm_lenovo_dc_8




China's Lenovo Group Ltd. (0992.HK) won clearance from a U.S. national security oversight committee to acquire IBM's (NYSE:IBM - news) personal computer business, the companies said on Wednesday, overcoming resistance from some U.S. lawmakers


Seems that textile exports are up and now they are going to acquire one of the largest computer/research companies in the world by acquiring IBM.




The merger of the IBM PC business with China's biggest PC maker -- the first combination ever of a major U.S. company and a top Chinese one -- will create the world's third largest PC maker with roughly $12 billion in revenue and one strongly positioned in several fast-growing markets.


The deal had met unexpected resistance when some U.S. lawmakers began decrying the loss of a U.S.-based PC maker to China. In addition, some government officials, according to media reports, were concerned that Chinese nationals working for Lenovo in the United States might act as industrial spies.
/quote]

NOw they will not even have to steal out technology, they have purchased it. This is going to mean a loss of jobs in America for IBM and related pc companies, because they will be able to produce and again EXPORt at an incredibly cheap price.

one last thing...




Asked if IBM could retain U.S. military and other national security agencies as PC customers, Ward said there were no restrictions on the new Lenovo and it would be free to do business with U.S. government agencies. "We can do business with anyone we want to do business with," he said.


Is this the beginning of the end???




posted on Mar, 10 2005 @ 03:38 AM
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LOL, didn't you guys do this kind of fearmongering to the Japanese in the 80's.

Cut it out, its getting old.



posted on Mar, 10 2005 @ 03:43 AM
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IBM wants out of the PC market and remain in the servecis market and considering that pc's have become much lower profit margins, it seems rational to have chinese deal with it that can produce low cost anyway.

So, the IBM services and very important groundbraking IBM research centers remain IBM, but naturally the usa DOD is worried about the chinese gaining one foot in the door , perhaps acces to all that state of the art stuff IBM is cooking in their labs and might find their way in chinese millitary guidance systems....


[edit on 10-3-2005 by Countermeasures]



posted on Mar, 10 2005 @ 03:54 AM
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Acquiring IBM's PC business does not help Chinese espionage in anyway what so ever. Most of the PC technology is quite redundant, by that i mean everywhere.

IBM's focussing on it's Core Business which is where all the good stuff is at and barred to the Chinese.



posted on Mar, 10 2005 @ 04:06 AM
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I never met an IBM branded PC that I liked.
Always semi-standard, and the ugliest cases in the biz.

Mini's and Mainframes? Thats a different story.
IBM will be fine, if not better off.



posted on Mar, 10 2005 @ 04:33 AM
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I would agree that the PC bussiness itselve has more potential to strategically harm lets say intel than the DOD, (if they decide to put AMD or chinese CPU inside and this might actually explain a bit of the reserves the usa government has towards this deal, it wouldn't be the first time they block the Free market if foreigners start doing it)

BUT nevertheless, if you have company stocks, you have decision power, you have a foothold to plant managers and researchers in other departments of that organisation, is the worries of the DOD entirely unjustified ???


[edit on 10-3-2005 by Countermeasures]



posted on Mar, 10 2005 @ 12:48 PM
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This is not fearmongering, or paranoia. IBM is a major player not in home pc's but in mainframes and technology the average user does not see. I was looking at the fact that OUR technology is now theirs. THere are lots of other compnaies that are connected thorugh research or cooperative design that work with IBM

www-1.ibm.com...

IBM is not e-machines.....



posted on Mar, 10 2005 @ 02:11 PM
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esdad
acquire one of the largest computer/research companies in the world by acquiring IBM.

They have not acquired IBM. IBM is allowing them to make pcs under their brand name, while IBM proper focuses on manufacturing chips.


I was looking at the fact that OUR technology is now theirs

You mean IBM's technology, not your's or any country's.

All they have done is sold the PC aspect of the business, not the chip production and design. Its a whacky sounding thing really, but its probabyl best for them.
The PCs themselves are probably going to be made by the chinese before long, and they'd beat IBM on the market. So why not sell that aspect to them now, to keep the chip production, the real technology and the real profit, for themselves?



posted on Mar, 10 2005 @ 03:05 PM
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Most PC's are already being made in China. IBM has been wanting to get out of the PC business for several years. IBM will maintain 19% of the company and all the R&R will be done at the RTP, NC campus by former IBM'ers that will be going to work for Lenovo. No secrets are being given to China. Lenovo is simply taking over the PC Division which was a big money pit. It was nothing more than a business decision. This way Big Blue can concentrate on it's more profitable servers, management software and
services. No conspiracy, no government coverup. Everything was done with the governments blessing. Lenovo can build the PC's and compete with DELL and Gateway. IBM can't, its that simple.



posted on Mar, 10 2005 @ 03:55 PM
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Correct me if im wrong but hasn't IBM's PC division lost upwards of $1 billion over the last few years?



posted on Mar, 10 2005 @ 04:06 PM
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In addition, some government officials, according to media reports, were concerned that Chinese nationals working for Lenovo in the United States might act as industrial spies.


I guess it was this quote and the approval of an gov't National Security oversight comittee that made me wonder
. Just another way for them to take our technology, make it better and sell it for less. I thought that was the Chinese way. Russia tried and failed, never able to reach our level of technology with their available resource, yet China is blazing a path into the new century, and cheaply....



posted on Mar, 10 2005 @ 05:00 PM
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Faultline would like to put forward another explanation of why IBM's PC business is suddenly up for sale, one that we haven't yet seen proffered in the various publications that have covered the news in the last few days.

IBM is effectively clearing out its unprofitable PC business, so that it can go into the PC chip business with its Power 5 chips. It can hardly sign up Hewlett-Packard and Dell as Power 5 customers while it competes head on with one of their primary businesses, and by selling off its PC division it takes away much of the friction with these two organizations.




Cell chip coming soon

Big news coming -- a radical high-performance, ultra-miniaturized parallel processing chip is about to go mainstream in a variety of consumer devices, giving Intel some serious competition...

Semiconductor designers from International Business Machines, Sony and Toshiba will reveal on Monday the inner workings of a “supercomputer on a chip” they claim could revolutionise communications, multimedia and consumer electronics.


Article

IBM did well to get out of the PC game since they know that computers are about to go through another round of evolution. Invest in IBM and Rambus.



posted on Mar, 10 2005 @ 07:07 PM
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In addition, some government officials, according to media reports, were concerned that Chinese nationals working for Lenovo in the United States might act as industrial spies.


How?

There are Chinese in US everyday, coming and going. Lenovo headquarters would be about as useful as the Hilton.



posted on Mar, 11 2005 @ 02:39 AM
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Originally posted by esdad71
news.yahoo.com.../nm/20050309/tc_nm/tech_ibm_lenovo_dc_8




China's Lenovo Group Ltd. (0992.HK) won clearance from a U.S. national security oversight committee to acquire IBM's (NYSE:IBM - news) personal computer business, the companies said on Wednesday, overcoming resistance from some U.S. lawmakers


Seems that textile exports are up and now they are going to acquire one of the largest computer/research companies in the world by acquiring IBM.




The merger of the IBM PC business with China's biggest PC maker -- the first combination ever of a major U.S. company and a top Chinese one -- will create the world's third largest PC maker with roughly $12 billion in revenue and one strongly positioned in several fast-growing markets.


The deal had met unexpected resistance when some U.S. lawmakers began decrying the loss of a U.S.-based PC maker to China. In addition, some government officials, according to media reports, were concerned that Chinese nationals working for Lenovo in the United States might act as industrial spies.
/quote]

NOw they will not even have to steal out technology, they have purchased it. This is going to mean a loss of jobs in America for IBM and related pc companies, because they will be able to produce and again EXPORt at an incredibly cheap price.

one last thing...




Asked if IBM could retain U.S. military and other national security agencies as PC customers, Ward said there were no restrictions on the new Lenovo and it would be free to do business with U.S. government agencies. "We can do business with anyone we want to do business with," he said.


Is this the beginning of the end???


esdad71,

Thanks for the heads up. There is sooo much news, and non-news sometimes it is fustrating trying to wade through the junk to find the real news. To everyone else not taking this seriously, consider this:

Flip it around. Would Canada, Germany, Britian, China, Japan, etc... etc... allow the bulk of one of their top 3 companies in a particular manufacturing field... to be moved overseas? The answer is NO!

If a country does not make, manufacture its own items, then it is less soveren. It is less self reliant. It is at the mercey of other countries. Especially when the majority of other countries REFUSE to allow the same thing to happen to them.

BTW, the economic end of the USA has long ago started. See.... back in the olden days (pre 1970's) the most capitalistic of American buisnessmen were still patriotic. Nowadays, the majority of American buisnessmen are NOT patriotic in practice. In the end though, its the fault of the American people for not pressuring non-patriotic American buisness people to keep manufacturing in America. The American people are allowing their country to go down, without any protest. Oh well, Americans are getting what they deserve... sad but true.

[edit on 11-3-2005 by OpenSecret2012]



posted on Mar, 11 2005 @ 05:17 AM
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Wow, a 'tech transfer' you can't blame and bitch at the French or Europeans for!




posted on Mar, 11 2005 @ 10:33 AM
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I guess it was this quote and the approval of an gov't National Security oversight comittee that made me wonder


Can someone explain why a Nat'l security oversight committee had to approve???

Good point on hte Patriotism nod, as it will be the eventual downfall of the US. No matter how bad people have it in other countries, they at least support their state, or they escape. They is so much anit-american rhetoric from our own nation, that it will eventually cut it's throat with that thinking.

ps. oh, we will find a way to link the French sminkey, only a matter of time



posted on Mar, 11 2005 @ 12:36 PM
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Originally posted by esdad71
oh, we will find a way to link the French sminkey, only a matter of time


-
Genuinely made me chuckle that did & I don't doubt it esdad.



posted on Mar, 11 2005 @ 02:02 PM
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To everyone else not taking this seriously, consider this:

Flip it around. Would Canada, Germany, Britian, China, Japan, etc... etc... allow the bulk of one of their top 3 companies in a particular manufacturing field... to be moved overseas? The answer is NO!


In Canada's case they were going to let China Minmetals buyout Noranda which is Canada's largest mining company but then the negotiations became public there was out cry by many people as well as many people in government. Just think if the negotiations never became public.



posted on Mar, 11 2005 @ 06:09 PM
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Would you have protested if a British, American or Australian company looked to buy that Company?

Don't answer, it's rhetorical.



posted on Mar, 13 2005 @ 02:23 AM
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Originally posted by itmg


To everyone else not taking this seriously, consider this:

Flip it around. Would Canada, Germany, Britian, China, Japan, etc... etc... allow the bulk of one of their top 3 companies in a particular manufacturing field... to be moved overseas? The answer is NO!


In Canada's case they were going to let China Minmetals buyout Noranda which is Canada's largest mining company but then the negotiations became public there was out cry by many people as well as many people in government. Just think if the negotiations never became public.


And... THAT is how things should happen! Ben Franklin said goverment "is a necessary evil". And "the public must keep a constant vigil over the goverment." It looks like the Canadian people are doing what they're suppose to be doing - keeping a constant vigil over their goverment, then acting!
Goverment will always try to "put one over". It's how all goverment is. It's up to the people to either go to sleep, be apathetic, or stay alert, stay awake, then act. If the people don't do this, then the people deserve whatever happens to them! Sad but true.



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