It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Lenovo bids for IBM’s server business Lenovo bids for IBM’s server business
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Lenovo bids for IBM’s server business
Reply
 
Thread Tools
Old 22nd January 2014, 08:02   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Lenovo bids for IBM’s server business

Chinese hardware maker Lenovo, which famously bought most of IBM’s hardware business, is now after the server arm, which it did not get in the first sweep.

This is the second time the two outfits have tried to reach a deal. Last year negotiations floundered on the price. IBM wants between $4 billion to $6 billion for the unit, while Lenovo wanted to write a cheque for $2.5 billion.

It has been estimated that IBM's low-end server business could be worth between $2.5 billion to $2.9 billion. The division has not been doing well over recent quarters, and IBM was probably more likely to do a deal than last year.

Lenovo has confirmed that it is in preliminary talks about “an acquisition” and was coy about the name but said it was making the statement in response to reports about its potential acquisition of a server business.

The ever-shrinking Biggish Blue would not comment at all.

There had been talk at that Dell was also in the frame to buy the server business and it is not clear how much it wants to pay.

The potential buyer would get IBM's x86 servers which power corporate data centres. Lenovo is attempting to re-invent itself as a growing force in mobile devices and data storage servers.

IBM is finally shifting away from hardware towards software and services.

Lenovo's purchase of IBM's Thinkpad PC business in 2005 for $1.75 billion became the springboard for its leap to the top of global PC maker rankings.

http://news.techeye.net/business/len...erver-business
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Lenovo-IBM low-end server unit buyout may finalize within a few weeks Stefan Mileschin WebNews 0 21st January 2014 09:16
Lenovo outs five new ThinkPads, including a 15-inch business Ultrabook Stefan Mileschin WebNews 0 3rd September 2013 09:04
ASUSTOR AS-604T 4-bay NAS Server for Home and Small Business Review Stefan Mileschin Articles & Howto's 1 22nd February 2013 10:22
[M] ASUSTOR AS-604T 4-bay NAS Server for Home and Small Business Review Stefan Mileschin WebNews 0 21st February 2013 09:23
Lenovo to split into Lenovo Business Group and Think Business Group, effective in Apr Stefan Mileschin WebNews 0 6th January 2013 16:33
AMD Appoints Dr. Suresh Gopalakrishnan as Corporate VP and GM, Server Business Stefan Mileschin WebNews 0 22nd June 2012 08:30
Lenovo Previews Next-Gen Business Ultrabook; Announces Latest Powerful ThinkPad Stefan Mileschin WebNews 0 16th May 2012 08:25
Lenovo Tees Up for Business Computing with "Golf Ball-Wide" Sized Desktop Stefan Mileschin WebNews 0 8th May 2012 07:51
Lenovo Appoints Former Acer CEO Gianfranco Lanci to Head EMEA Business Stefan Mileschin WebNews 0 3rd April 2012 08:18
Nokia bids farewell to Japan Shogun WebNews 0 29th November 2008 20:45

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 23:37.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO