IBM Is Out Of The PC Business. Sort Of
In early December, IBM announced that they were selling their PC division to Chinese manufacturer Lenovo. This is hardly surprising, as IBM has been losing money on PCs for over three years. IBM has never really known what to do with the PC since the death of Don Estridge in 1985. So it makes sense on the surface that an Asian technology company with much lower costs and the legendary Asian talent for building markets would fare better. The real surprise here though is the Lenovo will be moving their corporate HQ to Armonk, NY, and will be handing the reins over to a group of senior IBM executives. Say what?! The guys who drove the business into the ground are being asked to show the new owners how to do the same? Inscrutable these Chinese.