I know its not IBM really anymore but I still like calling it IBM because they have the IBM Thinkpad logo on their laptops still I believe.
post #1 of 2
6/17/06 at 1:58am
|Does IBM still manufacture their own laptops?|
Originally Posted by Wikipedia
Lenovo was relatively unknown outside China, but made news headlines in December 2004 with the announcement of its intent to acquire the PC division of IBM. Lenovo hoped to expand into Western markets to become the third largest PC manufacturer worldwide. Prior to the acquisition, Lenovo already controlled twenty-five percent of the Asian market, largely due to its ability to sell computers at value prices and China's high tariffs on imports. Lenovo paid $1.25 billion to IBM, splitting into $650 million cash and $600 million Lenovo stock. On March 9, 2005, it was announced that the Committee on Foreign Investment in the United States had completed its review of the deal. IBM and Lenovo completed the deal on May 1, 2005. As a result of the acquisition, Lenovo's product line includes the ThinkVision, ThinkPad, ThinkVantage, ThinkCentre, Aptiva, and NetVista. As of May 1, 2005 35.2% of Lenovo was owned by public shareholders, 45.9% by Legend Holdings Limited, and 18.9% by IBM.