IBM hands Lenovo billion-dollar PC loser

jmke · 4th January 2005, 08:53

IBM sold Lenovo a real clunker of a PC business, according to a new filing with the US Securities and Exchange Commission (SEC).

In the filing, IBM revealed that its PC business has been a huge money loser over the past three years. The PC unit lost a staggering $397m in 2001, $171m in 2002, $258m in 2003 and $139m through the first six months of this year. All told, IBM is handing Lenovo a business with nearly $1bn in losses in recent years.

IBM typically breaks out the revenue and profit (or loss) of its Personal Systems Group in financial filings. PSG, however, includes items other than just PCs and notebooks. The filing with the SEC provides the best look to date at the health or lack thereof of just IBM's computer business.

Through the first six months of this year, IBM's computer division pulled in $5.2bn in revenue. This compares with $4.3bn in revenue posted during the same period last year.

IBM's summed up the PC unit's performance nicely in the filing.

http://www.theregister.co.uk/2004/12/31/ibm_pc_losses/

Sidney · 4th January 2005, 16:22

Market analysis - What's the point? = If a Company does not make money.....

Samsung CLP-550 Color Laser Printer

Sidney · 4th January 2005, 16:35

AMD losses:

2001 - $60.6 million
2002 - $1,303 million
2003 - $274.5 million

http://cbs.marketwatch.com/tools/quo...73&siteid=ELNK

4th January 2005, 08:53	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	IBM hands Lenovo billion-dollar PC loser IBM sold Lenovo a real clunker of a PC business, according to a new filing with the US Securities and Exchange Commission (SEC). In the filing, IBM revealed that its PC business has been a huge money loser over the past three years. The PC unit lost a staggering $397m in 2001, $171m in 2002, $258m in 2003 and $139m through the first six months of this year. All told, IBM is handing Lenovo a business with nearly $1bn in losses in recent years. IBM typically breaks out the revenue and profit (or loss) of its Personal Systems Group in financial filings. PSG, however, includes items other than just PCs and notebooks. The filing with the SEC provides the best look to date at the health or lack thereof of just IBM's computer business. Through the first six months of this year, IBM's computer division pulled in $5.2bn in revenue. This compares with $4.3bn in revenue posted during the same period last year. IBM's summed up the PC unit's performance nicely in the filing. http://www.theregister.co.uk/2004/12/31/ibm_pc_losses/ __________________

4th January 2005, 16:22	#2
Sidney Member Join Date: Mar 2004 Posts: 15,738	Market analysis - What's the point? = If a Company does not make money..... Samsung CLP-550 Color Laser Printer __________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II

4th January 2005, 16:35	#3
Sidney Member Join Date: Mar 2004 Posts: 15,738	AMD losses: 2001 - $60.6 million 2002 - $1,303 million 2003 - $274.5 million http://cbs.marketwatch.com/tools/quo...73&siteid=ELNK __________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II

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