Lenovo to Buy IBM Server Unit for $2.3 Billion Amid Slump

No Kidding... 

Lenovo Group Ltd., the world’s largest maker of personal computers, agreed to buy International Business Machines Corp. (IBM)’s low-end server business for $2.3 billion amid the PC industry’s worst-ever decline.

The deal price includes about $2 billion of cash and the rest in Lenovo stock, the companies said in a statement today. The purchase adds IBM’s business using x86 processors as well as System x, BladeCenter and Flex System blade servers and switches that run corporate computer networks.

Chief Executive Officer Yang Yuanqing has weathered the global PC industry slump and maintained growth by expanding his ThinkPad notebooks into markets across Europe and South America, while adding mobile devices. Now he’s pushing into a business with wider profit margins than PCs, and adding about $4.6 billion of annual revenue, by offering storage equipment and servers via Lenovo’s largest acquisition yet. 

Read the rest of the article. 

Da Boss!

Website: www.digitalsmind.com Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest Content

  • Windows Patch Cleaner
    Written by
    Windows Patch Cleaner This is one of those utilities I will be installing…
    Read more...
  • The Coolest Thing On Instagram I Have Ever Seen
    Written by
    The Coolest Thing On Instagram I Have Ever Seen Honestly, this might he coolest thing I have ever seen…
    Read more...
  • Retired Husband (Humor) WalMart is Involved.
    Written by
    Retired Husband (Humor) WalMart is Involved. It's been a REALLY crappy week so far and this…
    Read more...
  • Outlook known issues in the June 2017 security updates
    Written by
    Outlook known issues in the June 2017 security updates Well folks, these issues cover every version of Outlook back…
    Read more...
  • Steam Summer Sale Confirmed - 6-22-17 - 1:00 PM EST
    Written by
    Steam Summer Sale Confirmed - 6-22-17 - 1:00 PM EST Find Visa wife doesn't know about? - check! 
    Read more...

Visit the Digitalsmind Video YouTube Page!

Did you know we have a video page on YouTube? 

Well... WE DO! 

Check us out! 

- Our Video page.