The Wealth Class has no loyalty. None. Their only loyalty is to money and 'mo money. Amazing. They expect people to work for nothing, then sell companies as if they sell donuts. Wall Street full of jerks.
By Liam Tung
Lenovo's interest (click here) in acquiring IBM's low-end server business hasn't exactly been a secret, and today the company has confirmed it will snap up the unit, leaving IBM to focus on other businesses including its cognitive computing effort Watson.
By Liam Tung
Lenovo's interest (click here) in acquiring IBM's low-end server business hasn't exactly been a secret, and today the company has confirmed it will snap up the unit, leaving IBM to focus on other businesses including its cognitive computing effort Watson.
Lenovo and IBM announced on Thursday they have signed a definitive agreement that will see the Chinese hardware giant acquire the IBM's x86 server business for the tidy sum of $2.3bn, with approximately $2bn to be paid in cash and the balance in Lenovo stock....
Why would a company worth anything purchase a major American company just so they can compete better? If Lenovo was a serious company inventing the next better mouse trap would it actually pat IBM on the back and say 'go get 'em we are actually happy to be second best.' No, of course not. Lenovo is purchasing IBM's unit to put it out of business as a competitor and consumers are going to be STUCK with more and more Chinese garbage.
If Chinese company's actually were making better products they would be actually be selling and IBM would be worried about the next fiscal quarter and have to up their game. That is not what is happening. The Super wealthy are putting companies out of business. Just that simple.
"The Idea Phone" will sell in the USA because it has a longer lasting lithium battery. I don't think so. Buying a Chinese phone is worse than having the NSA's storage facility.
...Lenovo's quietly (click here) introduced IdeaPhone P770 at least theoretically challenges its American counterpart by cramming a 3,500mAh lithium polymer battery into a thicker 11.9mm (0.47-inch) body. That's 200mAh more than Motorola's energy champion, and enough for the company to flaunt a 29-hour talk time....
They want to sell it to Americans because the Chinese sweat shop employees can't afford it.