IBM selling $80 mln of Lenovo shares -term sheet
July 29th, 2008 by 
Administrator
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.
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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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