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  • April 18, 2014
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  1. News - World

    IBM faces lawsuit over NSA scandal

    Posted Dec 14th 2013, 02:27am by Reuters

    ... Reuters in New York IBM faces lawsuit over fallout from spy scandal IBM has been sued by a shareholder who accuses the computer giant of concealing how its ties to the NSA spying scandal reduced business in China and ultimately caused its market value to plunge more than US$12 billion. IBM lobbied Congress to pass a law letting it share personal data of customers in China ...

  2. Business - Companies - COMPANIES

    IBM third-quarter revenue down on China woes

    Posted Oct 17th 2013, 10:54am by Reuters

    ... Reuters in New York IBM third-quarter results disappoint, reflecting a decline in hardware sales in China and emerging markets IBM reported a 4 per cent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. IBM shares fell 6 per cent in after-hours trade to US$175.56 on Wednesday. ...

  3. Business - Companies - EARNINGS

    IBM lifts target after buoyant quarter

    Posted Jul 18th 2013, 11:29am by Bloomberg, Reuters

    ... Agencies in New York IBM lifts target after buoyant quarter International Business Machines, the world's largest computer-services company, raised its annual forecast after second-quarter earnings topped analysts' estimates, lifted by cost cuts and share buy-backs. Excluding a US$1 billion restructuring expense, IBM on Wednesday said profit was US$3.91 a share ...

  4. News - China

    IBM sacks staff on strike against severance following Lenovo deal

    Posted Mar 12th 2014, 04:58am by He Huifeng

    ... He Huifeng huifeng.he@scmp.com US company fires staff striking over terms offered following deal with Chinese PC giant IBM sacks Lenovo protest workers Nineteen workers at an IBM factory in Shenzhen have been fired after their week-long strike against severance payments, the Southern Metropolis Daily reported yesterday. About 1,000 workers at IBM Systems Technology Company (ISTC), ...

  5. Business - Companies - EARNINGS

    Hardware sector to remain a drag on IBM as quarterly revenue hits 5-year low

    Posted Apr 18th 2014, 01:17am by Reuters

    ... Reuters Hardware sector still a drag on IBM IBM reported its lowest quarterly revenue in five years as the firm struggles with falling demand for its storage and server products. Revenue ... HICKEY IBM has been restructuring its business, with job reductions and the sale of its low-end server business to Chinese personal-computer maker Lenovo for US$2.3 billion in January, in efforts ...

  6. Business - Companies

    Lenovo's IBM ties may pave way for enterprise storage acquisition

    Posted Feb 06th 2014, 01:50pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo's IBM ties may pave way for storage deal Lenovo could be looking at another big deal with International Business Machines, following its acquisition of IBM's low-end server division, analysts said. Under a US$2.3 billion agreement to buy IBM's x86 server business, Lenovo appears to be paving the way for a future acquisition ...

  7. Business - China Business

    Lenovo's IBM deal under US scrutiny

    Posted Apr 05th 2014, 01:07am by BLOOM

    ... Bloomberg in Washington While the firms are confident of approval, Lenovo may have to agree to restrictions Lenovo's IBM deal under US scrutiny Lenovo Group must convince United ... is that the Pentagon, the FBI and the nation's biggest telecommunications companies buy the IBM servers, according to people familiar with the matter. Use of the servers by the government, telephone ...

  8. Business - Companies - ANALYSIS

    Lenovo's IBM server deal faces near-term challenges

    Posted Jan 25th 2014, 05:29am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Hardware companies typically lose market share after mergers, but bounce back later Lenovo needs to wait for IBM payoff After basking in the glow of its ... That was also evident from the resumption of trading in the company's shares yesterday after being halted on Thursday, when the IBM deal was announced. Lenovo's share price climbed early ...

  9. Business - Companies - ACQUISITIONS

    Lenovo to pay US$2.3 billion for IBM's low-end server business

    Posted Jan 23rd 2014, 05:42pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo to pay US$2.3b for IBM server business Lenovo, the world's largest supplier of personal computers, has agreed to buy the commodity server ... purchase of IBM's personal computer division for US$1.75 billion in 2005, topped online search giant Baidu's US$1.9 billion acquisition of mobile apps store 91 Wireless last year. ...

  10. Business - Companies - TECHNOLOGY

    Lenovo halts trading as speculation on IBM server deal heats up

    Posted Jan 23rd 2014, 10:22am by BIEN PEREZ

    ... end up paying as much US$3 billion to buy IBM’s low-end server business, according to recent estimates. Last year, negotiations between the two companies reached an impasse over price. If that deal proceeds, it would be Lenovo’s biggest-ever acquisition. In 2005, the Chinese technology giant purchased New York-based IBM’s personal computer business for US$1.75 billion. “I think ...




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