1) Lenovo (LNVGY.PK) bought IBM's PC business for 1.75bn/IBM retaining 18.9% ownership/IBM's management team will run Lenovo out of Armonk, NY after deal is finalized in June, 2005. IBM's PC Division President = new CEO of Lenovo. I think that Lenovo will probably get listed on a U.S. exchange after Lenovo moves to NY, and is being run by IMB'ers.
2)IBM's joint venture partner for servers in China, Great Wall Technology Co Ltd, sold as a pink sheet (GWTCF.PK)in the U.S. IBM is number 1 in the server space.
Relationship between Great Wall Companies (Shenzhen and Hong Kong) http://www.made-in-china.com/products/show/freemember/com/jg0NwN/mic/China_Great_Wall_Computer_Group.html On December 15,1995, CGC set up the third joint venture called HSPC with IBM with a total investment of USD80 million. IBM, CGC and KAIFA, the three partners of the joint venture, hold 80%, 10% and 10% of the company shares respectively. Its main products are magnetic heads and hard disks. In January, 1997, CGC declared in a press conference in Shenzhen that CGC monitors were accredited by ISO9002. On June 26,1997, China Great Wall Computer Shenzhen Co., Ltd. was listed in Shenzhen Stock Market. On March 20,1998, Great Wall Technology Co., Ltd. registered in Shenzhen Industry & Commerce Bureau, holding 64.05%, 59.41% and 51% of the shares in CGC (SZ), KAIFA, and MR respectively.
On April 18, 1998, Great Wall Software Company developed the largest capacity IC card of the time. On June 29,1998, IBM, CGC and KAIFA signed a contract in the People's Congress Hall, Beijing, to increase an investment of USD76.85 million to HSPC, amounting the total investment to USD119.35 million. On January 5,1999, "Great Wall " was regarded as Chinese Famous Trade Mark by the National Industry & Commerce Bureau. On May 21,1999, CGC released the first made-in-China 8.6G hard disk in the National Computer Exhibition. On August 5,1999, Great Wall Technology Co., Ltd. was listed in Hong Kong Stock Market
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