DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
November 21, 2018 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 71 people online.

 

Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
 

Follow us
RSS
 

Lenovo pays less for IBM x86 server division than previously announced

Posted on Monday, September 29 2014 @ 11:44:48 CEST by


Lenovo logo
Lenovo announced it will close its acquisition of IBM's x86s server unit on October 1st for $2.1 billion. The acquisition price is $200 million lower than what the companies announced in January due to "a change in the valuation of inventory and deferred revenue liability". About $1.8 billion will be paid in cash and the remainder in stock.
In an interview, Lenovo Chief Executive Yang Yuanqing said the IBM deal opened a new "growth engine" for his company. He said he expected the x86 unit to bring in $5 billion in its first year and deliver margins higher than the 4 percent of Lenovo's PC business.

"In the large and medium enterprise space we can now fully leverage IBM technology to compete with brands like HP and Dell," Yang said by telephone. "We can combine this good technology with Lenovo's efficient operations."

IBM's x86 server business has trailed those of HP and Dell Inc [DI.UL] in market share. But Yang said Lenovo has expertise competing in markets with razor-thin margins, gained during its journey to becoming the world's largest PC maker.
Source: Reuters



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2018 DM Media Group bvba