IBM Digs and Finds China

As IBM has been specializing in computer and technology services rather than sales of computers, it comes without surprise that they are selling their PC division. Lenovo, a Chinese corporation sealed the deal, valued around $1.75 dollars. This is certainly good news on the shareholders because the PC division has not been able to keep up with the rest of the company.

This way, IBM will be able to specialize in an area where it is doing well and not bother with making computers. It seems to be a smart move on both parts, as Lenovo will be able to expand in China an possibly into other countries in the future. Around 10,000 IBM workers will become Lenovo employees which will help IBM with international contacts. Overall, a good move and it will be interesting to see how things pan out.