1. Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

IBM sells off Lenovo shares

Discussion in 'News' started by D_o_S, Feb 6, 2007.

  1. D_o_S

    D_o_S Moderator

    Aug 27, 2005
    979 (0.28/day)
    Thanks Received:
    The Inquirer reports that IBM has sold off more than a quarter of its shares in the Chinese computer maker Lenovo.

    Lenovo gave IBM the shares as part payment when it bought IBM's PC outfit last year.

    IBM sold 300 million shares at a fairly low price, triggering a seven per cent share slide before there was a suspension in sales.

    IBM made $123 million by selling the shares which made up about 3.5 percent of Lenovo's holdings.

    Lenovo had seen its stock increase in value this week, unfortunately, IBM's sale has wiped out most those gains.

    Source: The Inq
  2. Alec§taar New Member

    May 15, 2006
    4,677 (1.42/day)
    Thanks Received:
    Someone who's going to find NewTekie1 and teach hi
    IBM's always been, imo @ least, more "big iron" centric than they ever were "small computer system" (PC's) centric.

    I can see them doing this...

    E.G.-> Os/2 was a really NICE OS for its day I felt, & not hard to work w/ & had GREAT midrange/mainframe connectivity to boot, but they gave up on it.


    P.S.=> I suppose from their standpoint, it makes sense - PC's probably aren't a MAJOR PART of their profit centers, whereas zOS type stuff, is & always has been... apk
  3. WarEagleAU

    WarEagleAU Bird of Prey

    Jul 9, 2006
    10,812 (3.34/day)
    Thanks Received:
    Gurley, AL
    Im still saddened by them selling their pc business anywho...

Currently Active Users Viewing This Thread: 1 (0 members and 1 guest)

Share This Page