Posted on 03/09/2005 10:42:31 AM PST by ShadowAce
Lenovo / IBM Ping!
Admin,
If you think that my post is a duplicate of the CNet post, please pull mine.
Thanks!
Disgusting sellout to the Chicoms by IBM. Previous thoughts here:
http://www.freerepublic.com/focus/f-news/1349045/posts
I agree with you on this point. While IBM was losing money with this division, selling it to the Chinese is a mistake.
IBM wasn't losing money anymore, the booming PC business was recently bringing them a profit.
http://www.freerepublic.com/focus/f-news/1349045/posts?page=11#11
But they still wanted to partner with the Chicom government so bad, they sold them a $10 billion dollar/year business for under $2 billion total.
They should at least make them strip the IBM name off those systems, so unsuspecting buyers have a chance to know the profits are going to the Chinese government now.
http://www.bloomberg.com/apps/news?pid=10000080&sid=apcdMaiF7K20
Congress members will probably receive a briefing from the U.S. Treasury Department within a week, said Rich Carter, a spokesman for Representative Don Manzullo, a Republican from Illinois.
``My boss has economic concerns about IBM selling its personal computing division to a company owned by the Chinese government,'' Carter said. ``Based on the fact that China doesn't always play by the rules, such as manipulating its currency and subsidizing companies, it could give Lenovo an unfair advantage.''
Lenovo is controlled by Legend Group, which was established in 1984 by the Chinese Academy of Sciences, a government institution.
...which is what everybody said at the beginning. There's nothing here, Eagle. Go find some different FUD. |
PC's labled "IBM" = Chinese Government Product
Do something worthwhile for once, and get the word out.
Maybe it's IBM's Secret Plan to get their stuff on the shelves at Wal*Mart.
Amazing how far they have fallen. From the standard of engineering excellence, to chinese junk.
Who the hell is running this country? Doesn't anyone else see a problem with this?
Yeah--it's why I posted it.
If you are against this sale then you are far too intelligent to be working in government. This borders on treason.
" Amazing how far they have fallen. From the standard of engineering excellence, to chinese junk."
There was never any doubt in my mind that this would go through. Too much money flying around to stop it. I just recieved an email from the company telling me how my division didn't meet it's goals this year even though we made billions for them. Subsequently we won't be getting any performance bonus although the CEO somehow managed to meet his requirements to get an 8 million dollar raise.
Thanks, I can only imagine your frustration working for them, when I'm seething only as a customer of theirs. Former customer, at this point.
Amazing the CEO is getting such rewards. These two scathing pieces on Forbes recently had little good to say.
http://www.forbes.com/technology/2005/02/24/cz_dl_ibm.html
http://www.forbes.com/enterprisetech/2005/02/24/cz_dl_0224ibmsidebar.html
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LOL, anything but have to deal with these.
http://csmonitor.com/cgi-bin/durableRedirect.pl?/durable/2001/03/01/p16s1.htm
http://www.fas.org/nuke/control/export/news/980731-doj.htm
http://www.pcworld.com/resource/article/0,aid,119476,pg,1,RSS,RSS,00.asp
http://www.truthinmedia.org/truthinmedia/Bulletins/tim98-1-5.html
http://biz.yahoo.com/law/050302/ac2fb10a4fd26a6eeeaa97d682ca0c71_1.html
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