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China's Biggest Computer Maker Announces Acquisition of IBM's PC Business
AP ^
| Dec 7, 2004
| Stephanie Hoo
Posted on 12/07/2004 6:32:06 PM PST by Tumbleweed_Connection
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To: Havoc
61
posted on
12/08/2004 4:58:02 AM PST
by
Happy2BMe
(It's not quite time to rest - John Kerry is still out there (and so is Hillary))
To: durasell
Does it make sense to buy a new $1,000 machine/laptop every three or four years?Certainly does to the SELLER...
I have trouble figuring out exactly why I should buy a new cellphone. The new keypads are right-sized for my grandchild's fingers, and who the blazes needs pictures?
62
posted on
12/08/2004 5:00:08 AM PST
by
ninenot
(Minister of Membership, TomasTorquemadaGentlemen'sClub)
To: oceanview
The PC and semiconductors are buggywhip industries. we don't need them, or their jobs. we have plenty of jobs here.
63
posted on
12/08/2004 5:02:03 AM PST
by
johnb838
("To Hell They Will Go" -- The Iyad Allawi Story.)
To: Rebelbase
Actually, that sounds like a great brand name: "ChiCom Computers"
64
posted on
12/08/2004 5:03:02 AM PST
by
johnb838
("To Hell They Will Go" -- The Iyad Allawi Story.)
To: Dilbert56
If our economies are intertwined, I would expect our relationship with China to be valued by the leaders of both countriesAn eventuality which is contradicted by most of human history, but hey!! Enjoy the thought while you can...
65
posted on
12/08/2004 5:05:52 AM PST
by
ninenot
(Minister of Membership, TomasTorquemadaGentlemen'sClub)
To: Tumbleweed_Connection
More road signs for the moron free-traitors to read. As has been repeated over and over, they're not investing in our businesses anymore, they're buying them up. They have controlling interest in IBM now. How much more of our economy has to be subverted by China, India and Mexico before people do something. I got a pretty good idea.
66
posted on
12/08/2004 5:07:35 AM PST
by
Havoc
(Reagan was right and so was McKinley. Down with free trade.)
To: ExtremeUnction
We invented the PC, perfected it, produced it, but now it's time to move on. Right. Away with these buggywhip industries like computers. They're only good for things like building businesses, national defense, weapons simulations, all that kind of useless stuff. We don't need that anymore. We can trust the Chinese and whoever else is out there not to blow us up.
Move on, yes. I hear Hardee's is coming out with a new Monster Thickburger. Plenty of burger-building jobs for those displaced EEs and system engineers.
67
posted on
12/08/2004 5:41:43 AM PST
by
chimera
To: Mulder
In fact, the two biggest "private" employers in the US are Walmart and McDonalds. That's why the Powers That Be are anxious to ship all manufacturing to the Far East. Ya need all that super cheap stuff in a Wal-Mart econonmy, since that's all your workers can afford.
68
posted on
12/08/2004 5:46:07 AM PST
by
Wolfie
To: Happy2BMe
We both say this, and get ridiculed for it:)
69
posted on
12/08/2004 5:48:43 AM PST
by
international american
(Proudly posting without reading the article since 2003.)
To: oceanview
TRANSLATION:
IBM has Lenovo building it's PC computers for some years and Lenovo stole all the technology. IBM knew they would probably do this. So now Lenovo says they will build and sell under the IBM name and will pay IBM for that right. Lenovo reaps the profits as it sells PCs in Asia and the 3rd world.. eventually the US too.
70
posted on
12/08/2004 5:50:42 AM PST
by
dennisw
(G_D: Against Amelek for all generations)
To: jegoing
Screw the Chinese Communists and their computers. I'll build my own machine. And even if you price your time at $0, you will pay more than if you were to buy a "Dinkpad" from this new company.
To: jennyp
RE: "China has little experience in managing a free economy."
Thank you for the informative post about "disruptive technology."
About your "free economy" comment. I believe that is is true that we do not recognize China as a free market economy.
Also Lenovo, like most (all?) major enterprises in Chins, is owned by one government entity or other which are controlled by the Party. That is, the major owners are Chi-com government lackeys of the Chinese Communist Party.
You ask, "What's going to happen when they encounter the inevitable recession, currency crisis, or whatever?"
Ans: another Great Leap onto the backs of tens of millions of their own citizens killing them as has been the wont of Chi-coms for more than fifty years.
Deng's Chi-com version of a new economic plan (NEP) changed nothing about the nature of communism. It only invited useful idiots like IBM managers to transfer their technology to the "people." to start up enterprises beginning years ago. IMO.
72
posted on
12/08/2004 5:56:13 AM PST
by
WilliamofCarmichael
(MSM Fraudcasters are skid marks on journalism's clean shorts.)
To: All
Lenovo, founded in 1984 by a group of scholars at the government-backed Chinese Academy of Sciences in Beijing, is China's biggest computer maker and is also the biggest in Asia. Its shares are traded in Hong Kong. Now for the rest of the story.
Legend Group Holdings, which is controlled by the Chinese government, owns a majority stake in Lenovo. http://biz.yahoo.com/ic/56/56726.html
Gee, I wonder how long it will take the hyphenated groups to get out demanding that Lenovo be permitted to put their own people on contract to finish any defense contracts IBM has for their PC division.
73
posted on
12/08/2004 6:12:15 AM PST
by
WilliamofCarmichael
(MSM Fraudcasters are skid marks on journalism's clean shorts.)
To: All
IBM simply can't be trusted. This is further proof.
First they try to destroy the US-based UNIX software industry by building up the foreign clone Linux to replace all proprietary UNIX software. Now they're "selling" the most advanced PC hardware operations in the world straight to the Chicom government. Unfortunatley, many right here on this forum will continue to defend them, and personally attack folks like me who are concerned about what is happening right in broad daylight.
For those wondering where I've been the last few months, all three levels of my house suffered massive damage from a hurricane. We may finally finish repairs by January.
To: Dat Mon
I have a friend who has been making his own desktops for ten years. Basically they cost about a third of what a similarly powered "store bought" costs and he enjoys it. He isn't an "over clocker" is anything like that, he just enjoys making them. And, he's gotten to the point where he can put one together in a couple of hours.
Like you said, off topic -- but it does show that computers are now commodities.
75
posted on
12/08/2004 8:09:14 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: dennisw
TRANSLATION:
IBM has Lenovo building it's PC computers for some years and Lenovo stole all the technology. IBM knew they would probably do this. So now Lenovo says they will build and sell under the IBM name and will pay IBM for that right. Lenovo reaps the profits as it sells PCs in Asia and the 3rd world.. eventually the US too. Very insightful take on the real story behind IBM's decision to formally sell their PC division to the ChiComs.
76
posted on
12/08/2004 9:15:50 AM PST
by
WRhine
(When America ceases to make manufactured goods, what do we trade with the rest of the world?)
To: Tumbleweed_Connection
With speculation about the impending deal mounting, IBM's stock fell $1.57 per share to $96.10 in Tuesday's trading on the New York Stock Exchange.Doesn't sound like a good deal to the market either. The "outsourcing" business is about to run out of things to outsource.
77
posted on
12/08/2004 9:37:51 AM PST
by
Paul Ross
(Paid For By SwiftGeese Veterans For Truth)
To: jegoing
"Screw the Chinese Communists and their computers. I'll build my own machine."Yea, with Chicom parts. Well the free traders will be happy, no more USA PCs, no more USA jobs making PCs, but PC's will be cheap ...... until the Chicoms pull the plug.
78
posted on
12/08/2004 9:46:40 AM PST
by
jpsb
To: Tumbleweed_Connection
With speculation about the impending deal mounting, IBM's stock fell $1.57 per share to $96.10 in Tuesday's trading on the New York Stock Exchange.Doesn't sound like a good deal to the market either. The "outsourcing" business is about to run out of things to outsource.
Meanwhile we know what is going to happen to the remaining U.S. personnel of the IBM PC fabrications division.
79
posted on
12/08/2004 9:47:12 AM PST
by
Paul Ross
(Paid For By SwiftGeese Veterans For Truth)
To: durasell
"Like you said, off topic -- but it does show that computers are now commodities."
Ill go you one better...virtually all the consumer electronic products we use are now becoming commodities.
The consumer electronics market...if trends continue...will be virtually carved up by a number of Asian / Chinese companies.
Lenovo and a few other Chinese companies will eventually be manufacturing most of the PCs for global consumption. (Dell will be manufacturing in China) There may, however, be IBM chips in some of these computers...perhaps their high end servers.
Ive posted before about Flextronics...an engineering manufacturing service company. Simplified, their goal is to design and manufacture a $39 DVD player, or any other new commodity electronic product, using their own components and semiconductor chips (Chinese semiconductors)
Lets face it...this means that the developing nations that represent a future large global marketplace will be buying Chinese produced products, designed by a host of engineers from India, China, and Eastern Europe.
As I said...that IMHO is the trend here. What actually happens is dependent on a whole host of socio-political-economic factors that occur in the next few years...including China and her military intentions with Taiwan. At some point...many Americans may simply refuse to buy cheap Chinese goods. provided they are given a choice.
80
posted on
12/08/2004 10:05:06 AM PST
by
Dat Mon
(clever tagline under construction)
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