December 3, 2004
New York - International Business Machines Corp has put its computer
business up for sale, the New York Times said Friday, quoting people close
The sale, likely to be in the one-two billion dollar range, is expected to
include the entire range of desktop, laptop and notebook computers made by
The company is in serious discussions with Lenovo, China's largest maker
of personal computers, and at least one other potential buyer for the
unit, the newspaper's sources said. IBM declined to comment.
Lenovo was formerly known as Legend.
The PC business represents about 12 percent of IBM's annual revenues of
$92 billion (R535 billion). In the latest quarter, IBM ranked third in
worldwide PC sales with 5.6 percent of the market, according to the
Gartner research group. - AFP