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ethics
08-03-2005, 11:35 PM
Unless you have been in the same caves as Osama bin Hiding, you'd know that IBM was bought out by Lenovo, a Chinese company.

Wired, once again, has a fascinating feature (http://www.wired.com/wired/archive/13.07/lenovo.html) on the entire history -- and where China wants to go with it. Something eerie caught my eye though and something more of you would find very foreign. Check out the 23% ownership of the company. ;)

http://a1112.g.akamai.net/7/1112/492/20040528/www.wired.com/wired/archive/13.07/images/FF_142_ibm5_f.gif

Another side note caught my eye here:

he US will no doubt continue to outsource manufacturing and technical jobs overseas. In turn, those overseas nations will seek the experience and know-how of US managers and decide to outsource their leadership here. A concurrent example: Sony this year named Howard Stringer as its first non-Japanese chair and CEO of Sony Corp. 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.
If that's not globalization, what is?


Now, let me go on the record and state that I think China will be successful with this because it IS BUYING the US Management. They are also keeping the HQ in the US (NY). They have ways to go to learn but once they do...

tke711
08-03-2005, 11:39 PM
I was actually most surprised that China only owns 28%. I would have assumed it to be higher then that.

ethics
08-04-2005, 12:27 AM
Really? I thought they had a stake but not that high. That's almost 1/3 of a (supposedly) private company.

Lovehound
08-04-2005, 01:25 AM
One third of a company that thought the total market for personal computes would be a few tens of thousands of units. Great!

IBM lost the mainstream with their proprietary architecture. IBM is not a significant force in present day PC commodities. China owns 1/3 of a dinosaur. Too bad we can't sell them our buggy whip industry.

Biker
08-04-2005, 03:47 AM
And IBMs PC sales make up what percentage of the total profits for the company? They aren't promoting PCs these days. They promote super computers and solutions for companies. A very profitable model I might add.

tke711
08-04-2005, 09:46 AM
Really? I thought they had a stake but not that high. That's almost 1/3 of a (supposedly) private company.
I guess I never bought into it being a "private" company. I always figured that to be a sound bite and not really reality. However, I was wrong.

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