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Lenovo of China, already the worlds largest maker of personal computers, has purchased from IBM one of the worlds largest computer server businesses, for what seems like a rock-bottom price. Lenovo gets market share in an area where it is a small player. IBM is shedding a business that was killing its profitability in higher-margin software and services. What seems something like the proverbial win-win deal is more likely a sign of how fast things are changing in the trillion-dollar global technology industry. Businesses like PCs are losing ground to mobile devices like smartphones, and the once-formidable computer server is increasingly viewed as one more commodity piece of globe-spanning cloud computing projects from a few elite players.
|Bits Blog: IBM Happy To Be Rid Of Low-End Server Business|
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