New Face of IBM

Wired has a little bit of an insider view into the US $1.8 billion buyout of IBM's PC business by Lenovo of China in their latest issue. The buyout instantly catapulted Lenovo to the number three spot behind Dell and HP in the PC business, and place a Chinese company on the international stage with a global brand, great products and an IBM management team. "All of which shines a spotlight on an extraordinary reality: American executives in New York will mentor Chinese executives as they run a largely Chinese company that wants to model itself on a Japanese corporation in order to challenge two American competitors, with the ultimate mission of helping China achieve its patriotic goal of kicking butt in international business." Welcome to the new face of globalization.

Awakening Giant -- China and Lenovo

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