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IBM PC business up for sale

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On December 3, 2004, 3:47 PM

According to a story published today on The New York Times website, IBM is already discussing selling its PC business to Lenovo Group, China's largest maker of personal computers with at least one more potential buyer added to the mix.

IBM won't be selling a dead unit though, according to market research done by IDC, IBM is currently the world's number-three PC manufacturer with shipments of over 3 million PCs in the second quarter or 16% higher than a year ago during the same quarter.

Market analysts had predicted that such a move was to be expected by at least one of the top three PC makers given the slower growth rates and reduced profit margins expected for the upcoming years.

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