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Friday, March 11, 2005

Lenova and IBM get clearance

The deal has been approved. Nothing much to say about it. But let's watch, how it works out for Lenova in the future.

The interesting part, so, is that China "government-owned Lenovo becomes a major supplier to the US military. But fears of espionage weren't enough to prompt further concessions. Last month Bloomberg reported that IBM had offered to keep certain customer lists private and prohibit Lenovo staff from some IBM facilities." Considering the fact that the US government criticises Europe over the possible lifting of the arms embargo against China, this is amazing.

(By Asia Business Consulting)