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Alleged Talks Between IBM & Lenovo Reportedly Break Down

Lenovo bought IBM’s PC unit eight years ago for $1.25 billion and has done well with it

The supposed talks between IBM and Lenovo over the Chinese company buying IBM's x86 server unit have reportedly broken down over price, which should come as a surprise to no one.

Wong Wai Ming Lenovo's CFO and chief negotiator reportedly left Armonk, got on a plane and went back to Hong Kong.

The talks of course could be rekindled after he talks to his masters. Of course the breakdown could just be Lenovo stage craft.

Lenovo bought IBM's PC unit eight years ago for $1.25 billion and has done well with it. It is now the second- or third-largest PC company in the world and managed to shrug off last quarter's dire drop in PC sales.

CRN, who broke the story that they were negotiating, said IBM wanted $5 billion-$6 billion. Bloomberg later reported a range between $2.5 billion and $4.5 billion.

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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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