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Lenovo Set To Close $2.1 Billion Server Deal With IBM
An anonymous reader writes Lenovo has announced that it will be closing the acquisition deal of IBM's x86 server business on October 1. The closing purchase price is lower than the $2.3 billion announced in January because of a change in the valuation of inventory and deferred revenue liability, Lenovo said. Roughly $1.8 billion will be paid in cash and the remainder in stock. Lenovo says it had "big plans" for the enterprise market. "We will compete vigorously across every sector, using our manufacturing scale, and operational excellence to repeat the success we have had with PCs," the company added.
Which they did purposefully. They saw the overcompetitive desktop market of 10 years ago, and went "oh well, hardware's doomed" and moved exclusively into a different overcompetive field, one where being a large corporation is actually a hindrance. The Lenovo spinoff actually created a moderately profitable long-term sustainable company.
Seems like this was a real deal considering Microsoft just paid MORE for Mojang.
Hire me...
Which, of course, is a nice complement to the existing American spyware.
Scruting the inscrutable for over 50 years.
The old IBM THinkbooks used to be built like a tank, but a Lenovo one today, is so much plastic, I had loose USB ports, etc.
I'm guessing the servers will get the same "cheapening" over process.
A former poster is right...might as well look to get a Dell, and at least not worry about Chinese spyware in addition to the cheaper construction quality.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........