• Thu
  • Sep 18, 2014
  • Updated: 9:58am


IBM sacks staff on strike against severance following Lenovo deal

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.

Wednesday, 12 March, 2014, 5:21pm

Lenovo's IBM deal will help EMC expand its market, storage systems giant says

EMC, the world's largest maker of storage systems, says its international expansion plan will receive a shot in the arm when Lenovo completes its acquisition of International Business Machines' low-end server business.

5 Mar 2014 - 4:59am

Sochi Games brings back memories, but let's move on

My first trip to the United States in early 2008 - with the Beijing Olympic Games just months away - gave me a street-level glimpse of China's rising profile on Wall Street as well as among ordinary Americans.

10 Feb 2014 - 1:54pm

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

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 involving enterprise storage systems. As part of the x86 server deal, Lenovo will manufacture and resell IBM's entry-level and midrange enterprise storage products.

7 Feb 2014 - 4:47am

Lenovo's IBM server deal faces near-term challenges

After basking in the glow of its US$2.3 billion deal to buy the commodity server business of International Business Machines, it's time for Lenovo to face up to some of the uncertainties the major acquisition brings.

25 Jan 2014 - 7:03am

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

Lenovo, the world's largest supplier of personal computers, has agreed to buy the commodity server business of International Business Machines for US$2.3 billion in cash and shares, marking the biggest-ever acquisition by a Chinese technology company.

24 Jan 2014 - 1:05am

Lenovo halts trading as speculation on IBM server deal heats up

Trading in the shares of Lenovo, the world’s largest supplier of personal computers, was halted Thursday morning as speculation swirled about the company’s possible acquisition of International Business Machines’ low-end server business.

That notice to the Hong Kong stock exchange was posted less than 15 minutes before the market opened Thursday.

23 Jan 2014 - 10:22am

Lenovo poised to make its biggest acquisition with IBM server deal

Lenovo, the world's largest supplier of personal computers, could end up paying as much as US$3 billion to buy the low-end server business of International Business Machines, months after talks between the two companies reached an impasse over price.

22 Jan 2014 - 3:01pm

IBM faces lawsuit over NSA 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.

14 Dec 2013 - 2:49am

IBM third-quarter revenue down on China woes

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.

17 Oct 2013 - 10:54am