[IP] more on Could GM, Microsoft End Up in Chinese Hands?
Begin forwarded message:
From: malin@xxxxxxxxxx
Date: June 28, 2005 10:02:28 AM EDT
To: dave@xxxxxxxxxx, eekid@xxxxxxx
Subject: Re: [IP] Could GM, Microsoft End Up in Chinese Hands?
Lenovo Group Ltd.'s agreement in December to buy the personal
computer business of International Business Machines Corp. for $1.25
billion was the first sign China is becoming rapidly more
internationally acquisitive.
Maybe this is an indicator of China's rise, but let's be clear. IBM sold
the personal computing component, not because Lenovo made it a juicy
offer, but because it was severely dragging down their profit-
margin. As
IBM has confirmed, they are retooling themselves to be a services
company.
Thus the purchase of PriceWaterhouse Coopers several years ago...
-brad
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