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1. IBM reduces stake in China's Lenovo
(Computer - Accounting / Auditing / Administration / Finances)

US computer giant IBM Corp plans to sell a substantial part of its stake in China's Lenovo, the world's third-largest personal computer group, raising up to 990 million Hong Kong dollars (127 million US).

According to a term-sheet sent to institutional investors, the sale price of the 300 million shares on offer will be 3.20-3.30 dollars each, a 4.07-6.98 percent discount to the stock's closing price of 3.44 dollars on Monday.

The deal, arranged by Citigroup, accounts for 3.5 percent of Lenovo Group's total issued share capital.

07-02-2007 |  130 Hit(s) | (0 vote)

2. Dell, Flamed by Customers, Pours $150 Million to Boost Service
(Computer - Accounting / Auditing / Administration / Finances)
James Scott will tell you what's wrong with Dell. The 74-year-old retiree from Grayslake, Illinois, spent $530 on a desktop personal computer he ordered by telephone from the world's largest PC maker in July 2005.
07-09-2006 |  157 Hit(s) | (0 vote)

3. Lenovo sees long march to big profits
(Computer - Accounting / Auditing / Administration / Finances)
Lenovo Group, the world's third-largest personal computer maker, said it would take at least three years to return to strong profitability as competition intensifies and corporate demand lags.
07-09-2006 |  171 Hit(s) | (0 vote)

  
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