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Thanks impdemon reports
The night of March 9, TOM technology for the first time was informed that the United States Armonk, New York and Beijing, China, Lenovo and IBM today announced that United States Committee on foreign investment (CFIUS) completed its review of the Lenovo acquired IBM PC business in advance, through which paved the way for trade continues, the merger will continue to follow the originally planned for.

IBM current, IBM Personal Systems Division, Senior Vice-President General Manager, Lenovo CEO Steve Ward-designate says “Lenovo to become outstanding corporate citizens, this active and rapidly meet the CFIUS review process was an good example. Anywhere in the world, we will do so because the new company is committed to customers, employees, and the optimal development of the community. New Lenovo is an innovative international PC company, delivering the industry’s best products. “He adds:” the United States Government’s review has been completed, Lenovo and IBM are prompt action, integrating both sides of the PC business, and it all goes. We are working according to plan in the second quarter to complete the transaction, while continuing to provide world-class PC products and services. ”

Current Lenovo’s Chief Executive, Association Chairman-designate Yang pointed out: “we are pleased that culminated with the adoption of United States Government of all the reviews, we finalized the deal represented a major step forward. Review results guarantee the legitimate rights and interests and competitiveness of the new Lenovo, we will be continued in accordance with the existing business to the United States Government agencies to provide products and services. “He also said:” on international legal and regulatory system, as well as the review has made us a deeper understanding of the national security management, which will help us better prepare for Lenovo operates on a global scale. Anywhere in the world will insist on us conducts business with honesty as the highest standards, the new Lenovo will respect the requirements of laws and regulations and the national security concerns. ”

Reportedly and the Lenovo and IBM collaboration will become important component of IBM business strategies, IBM, through some 30,000 professional sales personnel and IBM website providing sales support for Lenovo products and service. At the same time, IBM global financing services will become the preferred supplier of Lenovo’s lease, financing services, ranked first in terms of global IT services and IBM Global Services with strong enterprise customer channels will become the preferred provider of Lenovo warranty, repair service.

Recently, Lenovo’s consolidated actions continue to emerge. On February 4, Lenovo announced by Lenovo and IBM PC business the incumbent management team composed of senior managers. 2005 February 23 announced Lenovo China policy for the fiscal year. On February 28 at IBM’s annual Partner Conference, IBM launched and introduced the legend, this is a commitment to long-term strategic cooperation partnership, the two companies ‘ performance. Lenovo products debut in this partner Conference has also attracted attention from global IT product vendors, and received high appreciation and evaluation. Then on March 2, the new Lenovo’s reform and transformation in Las Vegas nearly 30 members of the Committee held a two-day meeting for the first time, understand each other’s businesses, people and culture at the same time, construction start planning for the new company strategy and culture. As a series of steady and orderly, Lenovo’s acquisition approved it in the community, a recent global survey shows that 90% more of more than 4,000 customers customer support attitudes to associations as well as the acquisition. Legend inside are full of confidence for the future development, a global leader in the PC industry and a strong competitor has come.

Including Texas Pacific Group, Blum Capital Partners and General Atlantic LLC and Texas Pacific Newbridge capital of associated companies (Newbridge Capital Inc.) 3 private capital management company is going to buy shares, China’s Lenovo Group Limited (Lenovo Group Ltd., short name: Lenovo Group).
Sources said the above 3 private capital management company will fund approximately $ 350 million, with Texas Pacific paid $ 200 million, General Atlantic paid $ 100 million, Newbridge capital paid $ 50 million.
After the United States Government for international business machines Corporation (International Business Machines, IBM) for $ 1.25 billion sale of its PC business to Lenovo Group has been the successful conclusion of the hearing.

Above 3 private capital management companies trading in shares of Lenovo Group has not yet been determined. The above source said, could be made to issue covered bonds or preferred stock of the situation. IBM last year when preparing to sell its personal computer business, Texas Pacific is already one of the bidders.
United States Corporation China growing corporate interest. IBM is still sold to Lenovo Group has a stake in the business. As the Government holds a stake in the Lenovo Group, United States the overseas investment Commission (Committee on Foreign Investment, short name: CFIUS) sold on IBM’s PC business to Lenovo Group has reviewed the transactions, and the transaction was approved early this month.
Lenovo Group of the new shareholders will bring new expertise to assist the Lenovo Group separated from the IBM PC business of IBM. In addition, the new shareholders will also assist the integration of Lenovo Group in the Chinese culture and distinct United States culture. Lenovo Group sales of nearly $ 2 billion for the previous financial year, including Dell Inc (Dell Inc., DELL), the global computer giant strong competitors.
Could not be interviewed on the matter immediately to the Lenovo Group to comment. General Atlantic, Newbridge capital and Texas Pacific statement per capita would not comment.
These sources said, Lenovo Group indicates that the company was first with Texas Pacific equity participation directly into the Asian market, and also shows that Texas Pacific is likely much larger investments in Asia. Because the Texas Pacific well-versed in IBM’s business, so actively involved in the deal with the Newbridge capital is very meaningful.
General Atlantic through the company’s Office in Beijing has a large presence in China, and that the company has been targeted at Asia’s technology sector.
============= News source: the Washington Post technology

Lenovo Group Limited and international business machines (IBM) announced yesterday that Association completed its acquisition of IBM’s global PC business, birth of the world’s third-largest personal computer company official.
According to the notice published by the Lenovo Group, the Group Chairman Yang yuanqing said: “the completion of the deal on Lenovo is a historic event, marking the beginning of a new era of global PC industry. New Lenovo is committed to providing the highest quality, most innovative PC products and services, provide the best working environment for employees, but also to create greater value for our shareholders. ”

Lenovo Group, Ward’s (Stephen Ward), said the company in a few weeks, in the name of the new Lenovo launched a new product.
New Lenovo management team is composed of senior managers from both parties. Yang yuanqing, Lenovo Chairman, succeeding LIU Chuanzhi, Lenovo founder, appointed with immediate effect. Mr Liu for non-Executive Director of the Board. Former IBM Senior Vice President and IBM Personal Systems Division General Manager ward for association executives and Board of Directors, appointed with immediate effect.
Weiqiesite of the new Association is headquartered in New York County glass Chess City (Purchase), while in Beijing, China and the United States, North Carolina Raleigh established two main operations center through Lenovo sales operations, Lenovo business partners and their alliance with IBM, the new Lenovo sales network all over the world. Lenovo more than more than 19,000 employees worldwide. Research and development centers are located in China Beijing, Shenzhen, Xiamen, Chengdu and Shanghai, Japan of Tokyo and the United States in Raleigh, North Carolina.
Company main PC production base is located in Huiyang, Beijing and Shanghai, Shenzhen, China. Lenovo’s mobile handset production base located in Xiamen, China.
Computer giant IBM was announced in December last year in the world price of us $ 1.25 billion to sell PC business to China’s largest computer brand association group.
According to the Beijing Youth daily recently reported, new associative whole spent nearly 5 months of time before the officially established. In such a long time, Lenovo completed the construction of large management framework across Europe, America and Asia, also completed a new Association in the United States temporary location for global headquarters in New York weiqiesite County.
Association spokesman said about 50 Lenovo employees next month interim headquarters in at glass Chess city, and by 2008 will have an additional 100 employees to work here.

China’s computer industry to “internationalize” dream yesterday added a heavy one: domestic number one Lenovo announced yesterday afternoon, officially completed the acquisition of IBM’s global PC business, the new company listed on the New York Headquarters, second only to Dell, HP to become the world’s third largest computer manufacturer, this is the first computer makers in China ranks among the top three.
“Integration of work between the two sides earlier than scheduled timetable significantly. “New Lenovo China COO (Chief Operating Officer) Liu June told reporters. It is learnt that after December 8 last year announced the purchase of IBM’s global PC business, Lenovo and IBM integration and details of senior executives of the two sides into tense consultations.

Related sources, the new legend group, will be 7% share to become the world’s third largest computer maker, annual production of 14 million computers, sales will reach $ 13 billion. More important is that Lenovo computers from the original “dwelling in China” over more than 160 countries, so as to become a real “international” company.
This reporter has learned, Lenovo has to pay $ 1.25 billion to IBM transaction amounts, including about 650 million dollars in cash, as well as by December 2004, the last trading day before the deal was announced stock closing price value of US $ 600 million in Lenovo shares. In addition, the Association will bear the net debt of about US $ 500 million from IBM. After the deal was completed, the original legend group owns 43.2% shares, IBM has 13.4%.
Liu June revealed that Yang yuanqing will take over from “the godfather of Lenovo” Liu to be the new Lenovo Chairman, head of IBM personal computer business of Stephen. Ward will act as the new CEO (Chief Executive). “Beijing time at 2 o’clock in the afternoon of the new company has been in the United States headquarters in New York listing. “Liu June told reporters at the Headquarters Office, there will be more than 50 employees, including Yang yuanqing, Stephen and Mary Ma, Chief Financial Officer, and so on.
“Of the original IBM PC business is losing money, we hope that in the first year of integration, it is profitable. “Liu June told reporters this month, the new company will have a large number of new product debut.

Compared to May, yesterday’s Lenovo Group Chairman Yang yuanqing has clearly become more self-sufficient.
He said in an interview with this reporter, accumulated over the years the formation of Lenovo China patterns, can be replicated to the global PC market in the future, and implied that the Association will have the strength and the Dell after 5 years in the global competition for hegemony on the throne.

　　　Lenovo China model can be copied to the global

Lenovo unveiled a beautiful results last week, after officially acquired IBM Personal Computing Division in May, Lenovo should a profit last quarter, including the IBM PC business has long years of losses. Lenovo shares consecutive jumped.
Yang am this record encouraged. Lenovo powers have decided to end 5 months in advance in China and Association of international practice of transition States, “including the full range of product lines, supply chain, Business Division consolidation, will be completed not later than the end of the year”.
Yang yuanqing yesterday also repeatedly refers to some new terms, including “trade customers” and “customers”. The former is a consumer and small and medium enterprises, which are large corporate users. To classify users in order to more easily compete with Dell, “trade customers”, from China to South America, Lenovo’s business model can consider themselves in the past done; for large customers, Lenovo realignment from Dell’s direct sales model, at the same time to add some features of the original IBM and Lenovo.
“Lenovo China patterns, proved to be competitive, so you can copy the global PC market. “Yang yuanqing said.
　　Have been reading about the enemy only Dell

For Dell, and HP on new Lenovo of “encirclement” action, Yang yuanqing yesterday tough said: “real decided new Lenovo success or failure of key, does not is is 100% retain has old customer, and is is can success entered those acquisition Qian Lenovo or IBM never entered had of market, this is opponent fear of; in global of SMEs market, and consumer market, Lenovo of growth is from zero began of qualitative changes, we while priority consider of also including India, and Russia, emerging market. ”
Yesterday, Yang yuanqing also first full revealed has he on new Lenovo 5 years Hou of four expectations, this is Liu era no opportunities implementation of China enterprise internationalization of highest ambitions: “I looks forward to 5 years Hou Lenovo can became in global has influence of brand; looks forward to Lenovo of market share and status significantly upgrade, among global most main of two home manufacturers; looks forward to 5 years Hou Lenovo has a health of profit, net interest rate in 4% to 5% above; looks forward to Lenovo in 5 years Hou can has beyond PC yiwai of new business and new of growth point. ”
According to journalist observation, Lenovo top mouth has been recently reading about the enemy only Dell. Yang yuanqing mentioned yesterday “ranks among the top two”, you can see the new Lenovo spearhead to, that is, within 5 years beyond HP, and the “boss” Dell for global supremacy.
Jokes starting “Ocean to jump the queue” Yang, has been moved to the United States, year round head the Association Headquarters in New York, “in this crucial 5 years afterwards, estimate that the opponent will make many strategic mistakes, that Association, will be the opportunity”.

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News from: Beijing morning news

According to foreign media reports, the Association recently to North Carolina, Durham County (Durham County) submitted an application seeking 14 million dollars in incentives and subsidies so that the retention of some 2000 jobs in the State. However, Lenovo that request were criticized by the Durham County and two officials.

Not considering demanding cash and other additional subsidies, Lenovo has also made a special request in the hope that Durham County provided funding support to local university courses on Chinese. In May this year, Lenovo’s acquisition of IBM PC business was completed, to become second only to Dell and HP, the world’s third largest PC vendor. According to Durham County and local officials Mike-red Ruffing (Mike Ruffin) proposals accidentally leaked to the media this week, Lenovo application is US $ 14 million in incentives and subsidies in order to continue to keep jobs in the Research Triangle Park (Research Triangle Park). If you can’t get the funding, Lenovo may transfer jobs to other States or other countries.

According to Durham County law, if a company can add new employment opportunities for the County, you can obtain the appropriate incentives and subsidies. But so far, no company retaining jobs and also get subsidies. Durham County Commissioners Howard t. Lewis-Checker Marathon (Lewis Cheek) in an interview with local media, said: “I do not believe that the Association submitted an application to be a good idea. “Durham County deputy speaker-Helen Baker (Beck Heron), says:” our policy is very successful, so there is no reason for any change. I can clearly say, I will not vote for Lenovo’s request. ”

Since December last year reached agreement with IBM since the Association had been hoping to build or lease new office space, according to United States Federal Trade Commission’s request, the company cannot continue to use the IBM Office building to prevent disclosure of sensitive information. Lenovo’s new office building at a cost of 80 million dollars, covers an area of 600,000 square feet. Lenovo said that before 2009, the company’s new office building will increase by 400 jobs.

In order to get Dell to build plants in North Carolina, the State Government provides Dell with a nearly $ 300 million in funding, local companies filed suit asking the Court to put an end to this transaction. Five officials in Durham County, except for the checker Marathon and Helen raised objection, one official said support subsidies for associations and the other two officials not to comment.

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News source: Washington Post

Legend President Yang yuanqing, recently visited Taiwan and began his Taiwan trip, and promote its culture, but also seek supply partners in for now.

Legend President Yang yuanqing, referring to Taiwan the first PC manufacturer Acer, Acer’s outstanding achievements of the past few years were very happy. Also said that Lenovo’s greatest enemy is not at war global PC market themselves, but rather whether the global consumers and businesses can really believe Chinese brands. A long time, the Chinese brand was always seen as synonymous with low prices and low quality, dazzling performance of Acer now Lenovo is highly encouraging, but Lenovo has a reference partner in the global PC market, the more Chinese brands in the global marketing efforts, certainly better than feared. Lenovo is not afraid and Acer one day compete directly, while Lenovo and Acer will change in the global PC market rankings, but it must be to develop.

Association since the beginning of the new organizational structure will be implemented on October 15, in shipments and revenue in July-September performance this year than originally expected accomplishments improved 7-8%, especially in China’s domestic market growth is as high as 30-40%. Future IBM PC business with Lenovo’s original business consolidates all rather than under current dual integrated early, branding, Think Lenovo brand and IBM-Think brand products under under the same groups, product types as having either desktop and notebook business group.

Lenovo is now in full swing the second-step strategic, hope on the premise of maintaining profit continue to grow, Lenovo to get the victory in the global PC market, to grow more powerful in the 2-3.

Today’s United Kingdom more interesting with the financial times, told an article about the new Association. But I admire foreigners the notes to the Chinese. Really not too easy translation. New Lenovo interested friends can read it. After all, this article is the FT’s features.

This is a rainy Wednesday in New York City at the County of Northern Wei penetration (Westchester County), a dormitory and corporate headquarters of the Department, in a windowless Conference Room of the building top floor, 12 managers and administrative staff are enjoying–or, more accurately, bear-a lunch-time languages.
“Remember the tones, four tones,” to accent the thick Chinese-born teacher, Professor of English, “is now read with me: MOM, MA, MA, called sth No, MOM, MOM. level tone. “
Management gurus wrote on “organizational learning” (organisational learning) of the article, they were often pleaded with advanced capabilities such as enterprise development innovation or quality management. China’s biggest PC maker legend group for $ 1.75 billion acquisition of IBM’s PC business, the challenges of more ordinary. learn to understand what colleagues say, is just the beginning.
An enlarged “new legend” use English as working language. foreign language skills already complies with the requirements of companies in the Chinese executives. most people willing to in a case without translation, in an interview in English., however their subordinates is not so fluent English, and IBM had almost no one is going to speak Putonghua.
In addition, identify what words were said and understood in the word meaning is not the same thing. cultural differences must be considered and talk style. lack of body language to help understanding, conference call particularly difficult to grasp.
“Americans are chatty, Chinese people good listening.” Associate Vice President of human resources at Qiao Jian pointed out. ” Start we are wondering why they have nothing to say when he was kept. However, the problems we are now able to have more straightforward, Americans are learning to listen. both learning. “
In the “new legend”–at the County of the company via penetration has a small headquarters, and the business center is located in Raleigh, North Carolina and Beijing, China–conference call is a way of life. Since Beijing and the United States East Coast a 12-hour time difference, many calls will be arranged in the early morning or late at night.
Acquisition announced 11 months, transactions completed after 6 month, the relentless rhythms started to give someone too much. 47 ‘s global product strategies and Development Director fulan·aoshaliwen (Fran o ‘ Sullivan) that “jet lag is indeed serious. we proposed in yesterday’s management meeting: Please implement work in shifts keeps everyone from 6 o’clock on-line, 11 o’clock in the evening referrals.”
Acquisitions prior to reaching, o ‘ Sullivan and her former IBM colleagues, conscientiousness, conferencing and long-distance travel was commonplace. IBM operates in 60 countries. official culture is by no means idle. Nevertheless, the establishment of “new legend” pressures are beginning to executives face exposed, even though it is not reflected in the income on the income statement.
However, the existence of undeniable passion. both Lenovo and IBM for management of transactions, as an individual and organizational learning opportunities. This attitude is particularly evident in Beijing. executives admit that, compared with IBM colleagues, they feel inexperienced. ” Old legend “may be a successful enterprise, but only succeeded in one country only.
“We need to study international market practices – logistic, tariff, tax, regulatory, investment amounts, recouped his investment in the market the length of time. my job is to learn from Forlan,” desktop says Lu yan, head operations.
Yang yuanqing, Chairman and Chief Executive Steve Ward (Steve Ward) have begun to cultivate a learning atmosphere. senior’s message is: the deal is neither acquired nor reverse acquisitions–but the creation of a new company. This means reinventing work mode.
The last important acquisitions are in sharp contrast with the personal computer industry. in 2001, HP (Hewlett-Packard) for $ 20 billion acquisition of United States rival Compaq (Compaq). in order to speed up the integration, HP Chief Executive Carly Fiorina (Carly Fiorina) indicates, managers may not redesigning policies or workflow. they both told from selected policies and workflow continue. because HP is acquiring, Compaq was eventually abandoned most of its business practices. Although the merged company is now the world’s largest PC maker, Dell (Dell) match, but has been on continuous profit rather reluctantly.
Original IBM PC Department design director David Hill (David Hill) said, he as “new Lenovo” design competent of mission, is integration both most essence of part. This means with fusion IBM mature, and progressive of design method and Lenovo of youth enthusiasm. He said: “we all of efforts are is to established a enduring of brand. Lenovo has a more with vitality of method, to novel, and fresh known. now is a great of timing, can will these strengths combination up, To create new things. “
This is not to deny that friction exists. Hill admitted, based in Japan before Daiwa IBM design team, any attempt to change the ThinkPad series notebooks look and characteristics of the plan concerned. This square solid black design inspiration comes from Japan, “lunch” lunch boxes, since its launch in 1992, ThinkPad, has never changed its basic elements.
However, Lenovo introduced this summer’s first widescreen ThinkPad (for multimedia applications), as well as titanium shell special series of ThinkPad, which is the first non-solid black computer.
Development of consistent design language, and foreign language learning activities of all departments of the company are equally important. outside China, Lenovo names little known, this gives marketers an extremely rare opportunity, you can start from scratch to create an international brand. to be successful, they must decide not only symbolism of the legend, but also to come up with products that reflect this meaning.
“Lenovo brand essence, is the true role of innovation,” Chief Marketing Officer of dipake·adewani (Deepak Advani) said “for us, create the brand is not a question of marketing, but business issue. we must behave on the products and services.”
First test will Yu next year early comes, will Lenovo will in global range launched Lenovo brand of PC,-oriented SMEs. its challenge is: persuaded purchased who select Lenovo computer, and non-from Dell (Dell), and HP (HP), and macro base (Acer), and gateway (Gateway), and Fujitsu-Siemens (Fujitsu-Siemens) and other company of competition products; while also to persuaded they paid appropriate of price, enough to recovery company in innovation, and design, and Investment in marketing and distribution.
With passion, a clear sense of purpose and a common willingness to learn will be able to ensure success? You can say for sure is, even under the best conditions, merging enterprises is also difficult for. merge more difficult across cultures and across time zones. merging enterprises across different cultures and time zone, and to stay competitive in the fast-growing personal computer industry, in terms of management is one of the most daunting challenge, to any country of any enterprise is true.
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Author: United Kingdom by the financial times Simon · London (Simon London) published on: Tuesday, November 15, 2005

Gnaw0725 reports
Called “Yoga” Lenovo notebooks a month ago, the concept of marches on the Internet, recently, the Japan site discovered the photo again, it appears that rumours of this concept confidence level is high. This machine also does Yoga magic features on the feature. It can randomly flip 360 degrees as Tablet PC use or through flexible hinge technology, flip 0—300, standing among desktop, combined with detachable keyboards, mouse wireless connection. And the mouse and keyboard can be used independently.

Yoga concepts

Sundial concept machine

News source: Pacific Internet
Posted by Blog
http://gnaw0725.blogdriver.com

Yang yuanqing, Lenovo Chairman, a BusinessWeek reporter recently interviewed by Bruce Einhorn, “buy sponsored by Lenovo PC is equivalent to the Chinese Government” improper argument, Yang yuanqing, was rejected.

Following is the interview clips:
Q: buy IBM PC’s United States well-known brands, have any thoughts?
A: we are facing many challenges, you must set the legend into an international brand, you must turn IBM brand to Lenovo brand.
Asked: at present the progress?
A: divided into three stages: first, to guarantee stability, enhance customer satisfaction. HP’s acquisition of Compaq, for example, in just a few months ‘ time, customer churn at 30%. Therefore, ensuring customers stability is the most important.
The second step is to achieve profit growth, the process requires 2-3 time. Don’t count on achieving 5% net profit in the short term, it is not realistic. Because we have to raise production, set up their own core competencies, also invested heavily in branding and promotion.
After 2-3, we will usher in the third phase, that is, stable profit phase. By then, we have the basic balance of the profit and revenue growth rate of.
Q: Lenovo’s loss of market share in China?
The contrary, things are looking good. In the past three quarters, each quarter of the market shares are increasing. Typically, the two companies after the merger, the loss of customers. But fortunately for Lenovo and IBM PC are strongly complementary, so only the loss of a small segment of customers. Last quarter, we in the United States did not lose any share of the market. While in Asia and the Chinese market, an increase in the share.
Q: How do you see the opportunities of the new Lenovo?
A: we want to Lenovo on the successful experience of the Chinese market into other emerging markets, such as India, and Brazil and Mexico and other countries. The second objective is to small and medium enterprise market. Prior to the acquisition, Lenovo’s core business in the Chinese market, and IBM is to specialize in large enterprise market. Thus, the new legend in middle and small enterprise markets are relatively weak. At present, outside China, 75% business is a “relational” clients, that is, large corporate customers and small and medium enterprise customers only 25%.
Q: How do you see the United States market?
A: we have through the chain into the United States retail market, but our primary goal or emerging markets, followed by a mature market. Especially in the United States, we have to be careful. In this regard, we can draw on the practices of competitors.
Q: critics point out, is sponsored by the Chinese Government purchase Lenovo products, how do you deal with this kind of attitude?
A: at present, the new Lenovo United States has the next largest number of employees employees, we moved to New York Headquarters, I myself also in the New York Office, which is a signal. We hope to see a legend into an international enterprise, and appointed an American as new CEO of Lenovo. We just proved that new companies is an uncompromising international company.
Q: How do you see the “PC is the small profit daily necessities, no innovation space” argument?
A: the PC business profits did better than before, but this means that we must, through increased efficiency to boost production and market competitiveness. As the PC not innovation space argument, I do not think so. In the areas of security and connectivity, there are still a lot of room to improve.

News source: CCID