more on Could GM, Microsoft End Up in Chinese Hands?

[David Farber <dave () farber net>]

Begin forwarded message:

From: malin () cs cmu edu
Date: June 28, 2005 10:02:28 AM EDT
To: dave () farber net, eekid () aol com
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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