About Me
- Xerxes
- New Orleans, Louisiana, United States
- Admire John McPhee, Bill Bryson, David Remnick, Thomas Merton, Richard Rohr and James Martin (and most open and curious minds)
8.12.04
Chinese in the Buyer's Seat
The IBM/Levovo deal is a fascinating one in many respects. First of course is the very notion that IBM which pioneered the PC business is abandoning it. More importantly the deal may signal the beginning of a Chinese acqisition boom, based upon pent up capital surpluses. If the Chinese float the Yuan, they may pick up some bargains in the US just as the Japanese did in the seventies. FT.com / Industries / IT - Lenovo deal may herald dawn of Chinese M&A era
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1 comment:
It is pretty exiting for some IBM managers, but I'm not sure IBM staff share the same feeling with them.
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