| Thread Tools |
4th January 2005, 08:53 | #1 |
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 |
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 |
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 |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Intel Fourth-Quarter Net Income $2.3 billion, Up 875% | jmke | WebNews | 1 | 15th January 2010 20:07 |
NVIDIA Records First Billion Dollar Quarter | jmke | WebNews | 0 | 9th November 2007 10:57 |
Lenovo (old IBM) to sell AMD powered desktops | jmke | WebNews | 0 | 31st July 2006 11:39 |
Intel Posts Record Second-Quarter Revenue of $9.2 Billion | Sidney | WebNews | 1 | 19th July 2005 21:40 |
Lenovo + IBM = Cool new hardware for the US Market | Sidney | WebNews | 0 | 4th May 2005 15:04 |
IBM Lenovo deal involves Chinese Linux trade off | Sidney | WebNews | 0 | 10th January 2005 21:34 |
IBM and Lenovo Deal Finalized, IBM’s PC Unit Acquired by Lenovo | jmke | WebNews | 0 | 9th December 2004 09:43 |
Ibm Reports 2004 Third-quarter Results | jmke | WebNews | 1 | 20th October 2004 21:15 |
AMD Processors Power New High-End Computer Series From Lenovo for Multimedia Home Use | Sidney | WebNews | 0 | 9th June 2004 21:52 |
IBM, Intel Announce Mobile Workstation Pilot for Design Engineers | Sidney | WebNews | 0 | 8th June 2004 06:43 |
Thread Tools | |
| |