IBM is selling its personal computers division
to Lenovo, China's biggest PC maker.
Yuanqing Yang will become chairman of the company.
The Chinese company will move its headquarters from Beijing to New York.
IBM will provide sales support through its 30,000-strong sales force.
IBM = I-BE-MANDARIN
The deal will make America's IT market susceptible to industrial espionage.
Stolen secrets could be passed to the Chinese military.
The news today that IBM is being sold to Communist China redefines the initials IBM from International Business Machines to I Be Mandarin, to coin a new phrase. The fact that the USA government sees nothing wrong with such a transaction is another example of America's takeover by Oligarchical Collectivism, as described by Orwell in 1984. ~ Jackie Jura
Committee approves IBM deal with top Chinese firm
by Dilpazier Aslam, Guardian, Mar 10, 2005
A high-ranking US committee has allowed IBM to sell its personal computers division to China's biggest PC maker, in a deal that has raised issues of national security. The Committee on Foreign Investment completed its review of the Lenova-IBM deal yesterday, clearing the way for the $1.75 billion (£908 million) venture to go ahead. Republican congressmen had previously expressed concerns that the deal would make America's IT market susceptible to industrial espionage and that stolen secrets could be passed to the Chinese military.
"Lenovo is committed to being a great corporate citizen," said Steve Ward, an IBM senior vice-president and general manager of IBM's Personal Systems Group who will become chief executive officer of Lenovo. With the review complete, the two companies will now integrate and are expected to finalise the transaction in the second quarter. "The completion of this process is an important step forward for Lenovo. We are committed to working with the highest level of integrity in every community," said Yuanqing Yang, the current chief executive of Lenovo, who will become chairman of the company. As part of the deal, IBM will provide sales support for Lenovo products through its IBM's 30,000-strong sales force. Lenovo products will also be sold through IBM. Lenovo PCs have been the top seller in China for eight years, taking a 26.3% unit share in China's PC market in 2004. The Chinese company will move its headquarters from Beijing to New York. - http://www.guardian.co.uk/business/story/0,3604,1434779,00.html
CHINESE TAKE-OVER and CHINADA'S SOVIETIZATION
9.Keeping Masses Down and 6.Super-States and CORPORATE COMMUNISM
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