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IBM selling $80 mln of Lenovo shares -term sheet

July 29th, 2008 by Administrator
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Shared by wilson

Whoa! What does that tell you of IBM’s confidence in the gadgets and desktops markets? or in China?

IBM, which sold its PC division to Lenovo several years ago, is reducing its stake in Lenovo.
-
HONG KONG, July 21 (Reuters) - International Business
Machines Corp (IBM) is selling up to $80 million worth of
Lenovo shares at a discount of 3.9 percent to 7 percent
to its closing price on Monday, according to a document sent to
investors.
IBM is selling 116.19 million shares at HK$5.19 …


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The Latest in Cloud Computing

July 29th, 2008 by Administrator
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Shared by wilson

I think it will grow… the question is how fast? Over 10 years ago, I got excited on thin clients. It seems to be making a comeback now…. Ditto with Tablets, ditto with voice recognition, ditto with e-book readers.

When the technology matures, it will come.

Cloud computing - the latest handle attached to the idea of hosted Web services used by consumers and businesses - is beginning to get considerable traction now that there are more companies offering services online. Consumers have always bought books and music, auctioned off unneeded items, or found jobs and home using services running on the Internet. But now they’re storing personal files, meeting future mates and running entire businesses using services to which they can subscribe. This all means that people and enterprises don’t have to set up their own IT systems anymore to get work done.
- Video Content….


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