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Keyword: lenovo

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  • Lenovo scrambling to get a fix for BIOS vuln

    07/04/2016 7:04:05 PM PDT · by Utilizer · 19 replies
    The Register ^ | 4 Jul 2016 at 02:04 | Richard Chirgwin
    Lenovo, and possibly other PC vendors, is exposed to a UEFI bug that can be exploited to disable firmware write-protection. If the claims made by Dmytro Oleksiuk at Github are correct, an attacker can “disable flash write protection and infect platform firmware, disable Secure Boot, [and] bypass Virtual Secure Mode (Credential Guard, etc.) on Windows 10 Enterprise.” The reason Oleksiuk believes other vendors are also vulnerable is that the buggy code is inherited from Intel. He writes that the SystemSmmRuntimeRt was copied from Intel reference code.
  • Lenovo ThinkPad zero-day bypasses Windows security

    07/03/2016 4:15:43 PM PDT · by Utilizer · 31 replies
    iTnews (AUS) ^ | Jul 4 2016 6:41AM (AUS) | Juha Saarinen
    A researcher has discovered a new low-level zero-day exploit that overrides the protection for the firmware code in Lenovo ThinkPads and other laptops, bypassing hardware and Windows security features. Last week, Dmytro Oleksiuk, also known as cr4sh, released the code for his ThnkPwn proof of concept on Github, showing how it can be used to exploit a flaw in the unified extensible firmware interface (UEFI) driver for privilege escalation. This lets attackers remove the write protection for system flash memory, and allows them to run arbitrary code with full access to the entire victim system. Lenovo had not received advance...
  • Lenovo tells users to remove its unsafe bloatware

    06/02/2016 11:52:22 PM PDT · by Utilizer · 9 replies
    iTnews ^ | Jun 2 2016 8:50AM (AUS) | Juha Saarinen
    PC maker Lenovo is advising its customers to remove bundled software from its laptops and desktops due to its potential to be used for remote code execution. The software is the Lenovo Accelerator Application. The company warned that an attacker with man in the middle position on a network could exploit the vulnerable update mechanism, and run arbitrary code on users' systems. The vulnerability is rated as high risk by Lenovo. To protect against the vulnerability, Lenovo said users should uninstall the Accelerator Application, which is bundled on a large number of the company's retail notebooks and desktop computers.
  • Lenono Yoga III Tablet (Vanity)

    05/23/2016 6:57:33 PM PDT · by Fai Mao · 23 replies
    5/24/2016 | Fai Mao
    I hope this does not qualify as Opus that gets me banned. My wife purchased a Lenovo Yoga II tablet along with a Bluetooth keyboard and mouse for me as a replacement for an older Samsung galaxy tablet and Acer Aspire laptop because she wanted me to be able to travel with les stuff. The hope was that it would replace two devices (Laptop and Tablet) with one device. Instead it will stay in a drawer (Unless I purposely beat it with a hammer so I can throw it away)and I will use the older devices when I travel. It...
  • Lenovo used '12345678' as filesharing tool password

    01/26/2016 7:56:56 PM PST · by Utilizer · 17 replies
    iTnews ^ | Jan 27 2016 11:59AM (AUS) | Juha Saarinen
    A filesharing utility for Android devices and Windows computers shipped by hardware vendor Lenovo has been found by security researchers to contain multiple, easily exploitable vulnerabilities CoreSecurity discovered that the free Lenovo SHAREit tool for Windows creates a wi-fi hotspot with the password 12345678, allowing anyone to connect to the system running SHAREit. On Android devices, SHAREit sets up an open wi-fi hotspot without any password at all, in order to receive files. This could allow attackers to connect to the Android device without authentication and capture information transferred, CoreSecurity said. The researchers also noted that files were transferred using...
  • Lenovo preloaded laptops with reformat-resistant perpetual crapware

    08/13/2015 9:11:52 PM PDT · by george76 · 4 replies
    BOING BOING ^ | Aug 12, 2015 | Cory Doctorow
    The company abused the Windows installer's anti-theft mechanism, which reads the firmware for executables at install-time, embedding a ton of crappy, insecure shovelware that would be added to your computer every time you reinstalled the OS. I'm a Lenovo user, though none of this affects me: I always take the Lenovo-supplied drives out of my Thinkpads, swap in an SSD and install Ubuntu GNU/Linux. But it's pretty gross nevertheless. Based on this, I wouldn't recommend Lenovo to Windows users, if I knew any. Lenovo eventually offered a removal tool. This is the second time this year they got caught pre-loading...
  • Lenovo users exposed to "massive security risk"

    05/10/2015 4:02:17 PM PDT · by Utilizer · 6 replies
    iTnews.aus ^ | May 7, 2015 6:41 AM (AUS) | unattributed
    Researchers find more serious flaws. Lenovo has been accused of putting users at "massive security risk" through newly-discovered flaws in its online product update service which allow hackers to download malware onto user systems through a man-in-the-middle (MiTM) attack. The holes were revealed by security firm IOActive, just weeks after Lenovo was found to be shipping PCs with pre-installed ‘Superfish' adware that also left its users open to MITM attacks. In an advisory today, IOActive researchers Michael Milvich and Sofiane Talmat said they had discovered “high-severity” privilege escalation vulnerabilities in Lenovo's system update service, which enables users to download the...
  • Lenovo: researchers find 'massive security risk'

    05/07/2015 1:22:17 AM PDT · by WhiskeyX · 2 replies
    BBC News ^ | Kevin Rawlinson
    The Chinese PC manufacturer Lenovo has been accused of running a "massive security risk" after researchers found flaws in its software. Three vulnerabilities could be exploited to install malware on users' systems or to hand attackers a measure of control over them, it was reported. Lenovo acknowledged the findings and urged users to download a patch to resolve the issues. The news follows revelations about pre-installed adware on Lenovo systems.
  • Navy Needs New Servers for Aegis Cruisers and Destroyers After Chinese Purchase of IBM Line

    05/05/2015 4:05:43 PM PDT · by logi_cal869 · 18 replies
    US Naval Institute ^ | 05/05/2015 | Megan Eckstein
    The Navy needs new servers for its upgraded Aegis Combat System after the current IBM line was sold to Chinese computer maker Lenovo. The $2.1 billion sale closed in October and made Lenovo the number three server maker in the world. IBM shedding its server business creates a security concern for the U.S. Navy, which included the company’s x86 BladeCenter HT server in its Aegis Technical Insertion (TI) 12. The TI-12 hardware upgrades, along with Advanced Capability Build (ACB) 12 software upgrades, compose the Aegis Baseline 9 combat system upgrade that combines a ballistic missile defense capability with anti-air warfare...
  • Battling the bloatware blight

    03/06/2015 5:25:59 AM PST · by george76 · 28 replies
    Globe ^ | March 04, 2015 | Hiawatha Bray
    Many new devices are cluttered with programs that you never installed, never requested, and many not want. There’s nothing like the fresh, clean feeling of unboxing a brand-new computer or smartphone. Too bad the feeling usually comes to an end the moment you hit the power button. ... Bloatware isn’t all bad — you might end up buying that antivirus program. But it can also slow down your machine and waste valuable storage space. And every now and then, these unwanted programs will even threaten your privacy. Late last month, the Chinese computer maker Lenovo admitted that a bit of...
  • Lenovo website breached, hacker group Lizard Squad claims responsibility

    02/25/2015 9:28:45 PM PST · by Citizen Zed · 10 replies / Reuters ^ | 2-25-2015 | Bobby Yip
    Chinese computer and smartphone firm Lenovo Group said its website was hacked on Wednesday, its second security blemish days after the U.S. government advised consumers to remove software called “Superfish” pre-installed on its laptops. Hacking group Lizard Squad claimed credit for the attacks on microblogging service Twitter. Lenovo said attackers breached the domain name system associated with Lenovo and redirected visitors to to another address, while also intercepting internal company emails. Lizard Squad posted an email exchange between Lenovo employees discussing Superfish. The software was at the centre of public uproar in the United States last week when security...
  • How Lenovo's dangerous Superfish adware put its customers at risk

    02/20/2015 1:19:16 PM PST · by smokingfrog · 31 replies
    Consumer Reports ^ | 2-20-15 | Donna Tapellini
    The Internet is lighting up with warnings about Superfish, an adware program that came preinstalled on many Lenovo laptops in the past six months. Like a lot of the bloatware that comes on new computers, Superfish exists to help push advertising, not to serve any real consumer need. That would be annoying enough, but Superfish seriously undermines the user's safety, according to many security experts. Superfish is a piece of third-party software that Lenovo installed to, as it says in its apology to consumers, “enhance the shopping experience.” That means it's meant to help advertisers target potential customers. But security...
  • Lenovo Has Been Selling Laptops with Malware Pre-Installed

    02/19/2015 11:58:24 AM PST · by Wolfie · 51 replies
    Yahoo Tech ^ | Feb. 19, 2015
    Lenovo Has Been Selling Laptops with Malware Pre-Installed Computer maker Lenovo has been shipping laptops prepackaged with malware that makes you more vulnerable to hackers — all for the sake of serving you advertisements. Made by a company called “Superfish,” the software is essentially an Internet browser add-on that injects ads onto websites you visit. Besides taking up space in your Lenovo computer, the add-on is also dangerous because it undermines basic computer security protocols. That’s because it tampers with a widely-used system of official website certificates. That makes it hard for your computer to recognize a fake bank website,...
  • Chinese IBM workers erupt in protests over layoffs, Lenovo deal

    03/04/2014 7:54:29 PM PST · by RightGeek · 21 replies
    WRAL TechWire ^ | 3/4/2014 | Rick Smith
    Research Triangle Park, N.C. — Thousands of IBM workers in China - some carrying banners describing IBM as a "Sweat Shop" and "We are not merchandise" and many wearing blue lab coats - launched protests Monday that continued Tuesday in reaction to layoffs and the sale of IBM's low-end server business to Lenovo. Unlike at the Research Triangle Park complex where layoffs spark little if any public protest, including layoffs that started last week, the IBM facility in Shenzhen City was blocked with hundreds of protesters gathered at the entrance. Shenzhen is a major city in southern China located near...
  • Dell Inspiron 11.6 vs Lenovo IdeaPad W210 (Windows 8)

    01/09/2014 8:37:33 PM PST · by This Just In · 54 replies
    January 8, 2014 | This Just In
    Good evening, I'm seeking your opinion/advice on these two laptops. If given the choice which would you choose and why? Our child has been given a gift: a Dell 11.6, but we may be able to exchange it for the Lenovo. I'm just wondering whether or not it would be worth the exchange. I'm inclined to think it is, but trading one for the other presents a little bit of a challenge. We must travel out of state in order to exchange the laptop. I'm wondering if it would be worth the wait and travel. Thank you, as always, for...
  • Used Computer issue. Please advise me. Serial number tag does not match the serial number in bios.

    02/05/2013 9:50:44 AM PST · by rawhide · 25 replies
    Vanity | 2-5-13 | Self
    Serial number tag does not match the serial number in bios. I just bought a used Lenovo Thinkpad off eBay. Received it yesterday and I noticed the serial number tag on the bottom was a little torn. No concern to me, at least at first. I also ran the s/n from the tag to see if it had any warranty time left on it. The s/n on the tag shows the warranty expired in 2011. Okay, as wthis as expected. So, I was checking the system out to ensure it was okay, the settings were correct, and I noticed the...
  • Hewlett-Packard edged out as biggest personal-computer seller, according to industry report

    10/10/2012 5:34:34 PM PDT · by SeekAndFind · 7 replies
    Mercury News ^ | 10/10/2012 | Steve Johnson
    Amid a global slump in personal computer sales, Hewlett-Packard (HPQ) has relinquished its position as the world's biggest PC seller for the first time in five years, one research firm reported Wednesday, while another had the Palo Alto technology giant clinging to the top spot. The bad news for HP was compounded by an additional report Wednesday that PC shipments from computer makers for the year would likely shrink about 1 percent, with the last such drop recorded during the dot-com bust of 2001. "HP has given up the PC vendor position for the first time since the third quarter...
  • New PC for my Daughter (VANITY)

    11/04/2009 7:32:27 AM PST · by American_Centurion · 132 replies · 2,727+ views
    11/4/2009 | Self
    My daughter a HS Junior is doing really well in school. I am planning to buy her a new laptop for school. She currently has a Dell 13" XPS that has been ok, but the battery has been replaced twice, the CD/DVD will currently only play CDs and it is getting slower to start up. So I start looking and I know she wants a Mac because they are cool, I however am not a Mac fan. Not that there is anything wrong with Mac, I have a slowly dying PowerMac G5 Dual that has a nice monitor I use...
  • Chinese counterfeit chips causing military hardware crashes [Clinton-era laws: off-the-shelf OK]

    10/07/2008 4:18:36 AM PDT · by Mike Fieschko · 6 replies · 867+ views ^ | October 06, 2008 | Joel Hruska
    Over the past year, US citizens have become increasingly aware of the substandard consumer-level goods flowing out of China, but new reports indicate that the counterfeit products and dubious quality controls are not confined to the consumer sector. An increasingly large number of supposedly military-grade electronic components are turning out to be counterfeit commercial-grade hardware that, in some cases, is decades older than the manufacturing label indicates. The problem, to be sure, is not entirely China's fault. Back in 1994 and 1996, the Clinton Administration passed two bills, the Federal Acquisition Streamlining Act (1994), and the Clinger-Cohen Act of 1996...
  • Relatives of U.S. Men's Volleyball Coach Stabbed in Beijing, 1 Dead

    08/09/2008 4:27:25 AM PDT · by Islander7 · 52 replies · 267+ views
    Fox News ^ | August 9, 2008 | Not stated
    AP story via Fox News. Link only Link
  • Some Viruses Come Pre-Installed-(with love from CHINA)

    03/13/2008 7:09:13 PM PDT · by Flavius · 23 replies · 1,307+ views
    ap ^ | 3/13/08 | By Jordan Robertson, AP Technology Writer
    From iPods to navigation systems, some of today's hottest gadgets are landing on store shelves with some unwanted extras from the factory -- pre-installed viruses that steal passwords, open doors for hackers and make computers spew spam. ADVERTISEMENT Computer users have been warned for years about virus threats from downloading Internet porn and opening suspicious e-mail attachments. Now they run the risk of picking up a digital infection just by plugging a new gizmo into their PCs. Recent cases reviewed by The Associated Press include some of the most widely used tech devices: Apple iPods, digital picture frames sold by...
  • China Has Penetrated Key U.S. Databases: SANS Director

    01/18/2008 4:41:50 PM PST · by JACKRUSSELL · 71 replies · 690+ views
    SC Magazine ^ | January 18, 2008 | By Jack Rogers
    An aggressive, non-stop campaign by China to penetrate key government and industry databases in the United States already has succeeded and the United States urgently needs to monitor all internet traffic to critical government and private-sector networks “to find the enemy within,” SANS Institute Director of Research Alan Paller told “They are already in and we have to find them,” Paller said. Paller said that empirical evidence analyzed by researchers leaves little doubt that the Chinese government has mounted a non-stop, well-financed attack to breach key national security and industry databases, adding that it is likely that this effort...
  • Lean and Mean: 150,000 U.S. layoffs for IBM?

    05/04/2007 8:21:14 PM PDT · by Golden Eagle · 100 replies · 3,155+ views
    I, Cringely (PBS) ^ | May 4, 2007 | Robert X. Cringely
    Last year I wrote a series of columns on management problems at IBM Global Services, explaining how the executive ranks from CEO Sam Palmisano on down were losing touch with reality, bidding contracts too low to make a profit then mismanaging them in an attempt to make a profit anyway, often to the detriment of IBM customers. Those columns and the reaction they created within the ranks at IBM showed just how bad things had become. Well they just got worse. This is according to my many friends at Big Blue, who believe they are about to undergo the biggest...
  • Apple Mac desktops, notebooks top PC Magazine’s Annual Reader Satisfaction survey - again

    08/22/2006 8:22:41 PM PDT · by HAL9000 · 49 replies · 1,133+ views
    Mac Daily News ^ | August 22, 2006
    "The similarities are almost eerie. This year, readers gave us the lowdown on over 13,000 desktop PCs—enough data to rate eight of the country's leading brands. And the final tally looks an awful lot like last year's survey results," Cade Metz reports for PC Magazine on "The 19th Annual Reader Satisfaction Survey." Metz reports, "This year, you diehard PC Mag readers detailed your experiences with nearly 20,000 PCs (notebooks and desktops) and more than 6,500 printers (from mono lasers to color ink jet all-in-ones). And what you say about the leading manufacturers isn't always what we'd expect. No big...
  • Desktop Linux breakthrough: Lenovo preloads SUSE on ThinkPad

    08/04/2006 8:27:36 PM PDT · by Halfmanhalfamazing · 278 replies · 1,806+ views
    Desktop Linux ^ | Aug. 04, 2006 | Steven J. Vaughan-Nichols
    On August 4th, we found out that Lenovo Group, the company that has taken over IBM's Personal Computing Division, had made a deal with Novell Inc. to preload SLED 10 (SUSE Linux Enterprise Desktop) on its ThinkPad T60p mobile workstation. For the first time, a major OEM (original equipment manufacturer) has committed to preloading a Linux desktop.
  • US State Department pulls China-made PCs from secure networks

    05/19/2006 12:00:02 PM PDT · by Golden Eagle · 28 replies · 1,452+ views
    Yahoo News ^ | Fri May 19, 8:45 AM ET | Jitendra Joshi/AFP
    The US State Department has backed down on a controversial decision to install computers made by Chinese company Lenovo on its classified networks, officials said. But the department's purchase of about 16,000 personal computers (PCs) from Lenovo raises serious questions given accusations that China is aggressively spying on the United States, Republican lawmaker Frank Wolf said.
  • Lenovo: The End of Reliable Notebooks (ChiComs)

    04/17/2006 8:36:59 AM PDT · by Salo · 40 replies · 1,975+ views
    Cool Tech Zone ^ | Monday, 17 April 2006 | Varun Dubey
    After having finally acquired IBM’s ThinkPad division, Lenovo has not really had an impressive ride thus far, and not without reason. There was a reason why ThinkPad was so successful (legendary reliability with support from one of the world’s largest technology companies). Users trusted IBM. In fact, they still do and that is one of the prime reasons that even though Lenovo has bought over the brand, nowhere on a ThinkPad does it say Lenovo. Despite the overall poor performance, Lenovo has still not gained the mindshare or the respect that the ThinkPads command. In fact, it has, to some...
  • The Other Side of the US Lenovo Spy Probe

    03/30/2006 9:33:57 AM PST · by Salo · 106 replies · 1,698+ views
    Daily Tech ^ | 03/30/06 | Tuan Nguyen
    The USCC launched a probe against Lenovo, but many wonder if the accusations are warranted The United States government is planning to spend roughly $13M USD on computers from Lenovo. The company, famous for buying up IBM's PC manufacturing arm, is working on a deal with the US government to produce roughly 16,000 computers. Just recently, the U.S.-China Economic Security Review Commission (USCC) has requested that Lenovo be probed for any concerns about possible spying, eavesdropping or worse. The supposed problem presented by the USCC is that the 16,000 computers are being built by a Chinese-mainland company. The USCC argues...
  • US group wants China 'spy' probe (State Dept orders Lenovo Laptops)

    03/28/2006 7:05:27 AM PST · by Daytyn71 · 8 replies · 656+ views
    BBC News ^ | March 28, 2006 | BBC
    A US agency is calling for an official probe into Chinese computer firm Lenovo's contract to supply 15,000 computers to the US State Department. The US-China Economic and Security Review Commission (USCC) said it feared the PCs could be fitted with bugging devices to spy on the US government. Lenovo, which last year bought IBM's PC arm, said it had nothing to hide and would welcome the investigation. Concern has been rising in the US over foreign companies buying US firms. Political opposition Earlier this month United Arab Emirates-based docks company Dubai Ports World was forced to announce that it...
  • China's Lenovo welcomes U.S. probe if needed

    03/24/2006 5:39:18 PM PST · by buglemanster · 7 replies · 788+ views
    Reuters ^ | Fri Mar 24, 2006
    WASHINGTON (Reuters) - China's Lenovo Group said on Friday it would welcome a U.S. investigation, if necessary, to quell concerns about a State Department order of more than 15,000 of its computers. "We have nothing to hide," said Jeff Carlisle, vice president of government relations for Lenovo, which bought IBM's personal computer division last May. But he said no investigation was warranted and voiced qualms about being put at an unfair competitive advantage. The computers in question -- 15,000 Lenovo ThinkCentre 51 desktop units and nearly 1,000 Lenovo ThinkCentre M51 minitower units, valued at more than $13 million -- were...
  • Apple passes Lenovo (IBM) in U.S. computer sales

    07/19/2005 10:51:08 AM PDT · by HAL9000 · 85 replies · 1,265+ views
    Excerpt - SAN FRANCISCO - Apple Computer moved up a notch to become the No.4 seller of personal computers in the United States in the second quarter as Macintosh sales soared by one-third, according to two reports. Lenovo, the Chinese company that owns the IBM personal computer brand, lost share. Apple won 4.5 percent of the market to trail Dell, Hewlett-Packard and Gateway, the market research company IDC said Monday in a report. IDC's rival Gartner put Apple's share at 4.3 percent. [snip]
  • China Cos. Show Appetite for Brand Names (Unocal, Maytag, IBM PCs)

    06/22/2005 9:09:13 PM PDT · by budanski · 3 replies · 479+ views
    AP Feed ^ | 06.22.2005
    China is moving into the merger-and-acquisition major leagues, as its star corporations shop for American household names like Unocal, Maytag and IBM, looking for bigger profits through global ambitions. China's growing appetite for Western corporate icons is reflected computer maker Lenovo Group Ltd's recent takeover of IBM's personal computer business and two big deals reportedly in the making for Unocal Corp. and Maytag Corp. "I'd expect at least a half a dozen similar deals by the end of the year," said Jack J.T. Huang, chairman of international law firm Jones Day's Greater China practice. But the deals are not without...
  • Dell apologizes for sales rep's Red-China-scare (anti-Lenovo e-mail)

    06/03/2005 4:07:53 PM PDT · by Golden Eagle · 39 replies · 714+ views
    Canoe News ^ | June 3, 2005 | Matt Slagle
    DALLAS (AP) - Dell Inc. said Thursday it would take disciplinary action as appropriate against an American salesperson who sent an e-mail discouraging former IBM clients from buying Lenovo products. International Business Machines Corp. sold its personal computer business last year to Lenovo Group Ltd., which is partly owned by the Chinese government. That made Lenovo the world's third-largest personal computer business, behind Dell and Hewlett-Packard Co. "We have a code of conduct that we uphold here for Dell in the U.S. and worldwide, specific guidelines for not commenting on competitors from an employee's standpoint. We're pretty serious about it,"...
  • What's really at stake with IBM-Lenovo

    03/14/2005 8:46:35 PM PST · by blue kangaroo · 5 replies · 703+ views
    Asia Times ^ | Feb. 4, 2005 | George Zhibin Gu
    The smart IBM boys want to dump their troubles on to, and make better use of, the Chinese, but their bright strategies seem very strange to some politicians in Washington. Now, these politicians raise the big weapon: the national interest.
  • IBM looks to reassure channel over Lenovo (sale of PC business to China)

    03/03/2005 5:32:36 AM PST · by Golden Eagle · 17 replies · 358+ views
    InfoWorld ^ | March 03, 2005 | Robert McMillan
    LAS VEGAS -- Executives from IBM's (Profile, Products, Articles) PC division and Lenovo Group were out in force this week at IBM's annual PartnerWorld conference looking to reassure the company's channel partners that there will be no disruptions when the Chinese company's landmark $1.75 billion acquisition of Big Blue's PC group is completed, probably later in the second quarter. Lenovo and the IBM PC group have close to 100 employees at PartnerWorld this year, five times the number that have attended in the past between the two, and assuaging channel concerns over the acquisition clearly is a priority for IBM....
  • IBM-Lenovo (China) Probe Nears End

    02/22/2005 7:00:01 PM PST · by Golden Eagle · 38 replies · 1,141+ views
    The Deal ^ | February 22, 2005 | Ron Orol
    The U.S. government is close to completing its investigation into Lenovo Group Ltd.'s $1.7 billion acquisition of IBM Corp.'s computer division, sources close to the matter said. The companies are negotiating with federal regulators to foreclose any national security concerns over their deal, which could be approved as early as this week, a source said. Under its deadline to review the deal, the Committee on Foreign Investments in the United States, a multiagency panel that reviews acquisitions of U.S. businesses by foreign companies, must decide by mid-March whether to approve the transaction. Sources close to Armonk, N.Y.-based IBM and Beijing-based...
  • Pols attack IBM-Lenovo (China) deal

    01/27/2005 5:48:10 AM PST · by Golden Eagle · 19 replies · 587+ views
    The Deal ^ | January 27, 2005 | Ron Orol
    Pols attack IBM-Lenovo deal Three key lawmakers are pressing federal regulators to expand their probe into Lenovo Group Ltd.'s $1.7 billion acquisition of IBM Corp.'s PC division. In a letter Tuesday, Jan. 25, to Treasury Secretary John Snow, House International Relations Committee Chairman Henry J. Hyde, R-Ill., House Small Business Committee Chairman Donald Manzullo, R-Ill., and House Armed Services Committee Chairman Duncan Hunter, R-Calif., requested an agency briefing on the merger and urged him to withhold approval until they can confer. Hyde's panel poses a particular threat to the deal because it oversees export control issues. "Given the relationship between...
  • IBM-Lenovo deal faces US security challenge-report

    01/24/2005 5:32:08 AM PST · by Golden Eagle · 134 replies · 2,066+ views
    Reuters/Yahoo ^ | January 24, 2005 | Reuters
    IBM-Lenovo (Chinese front) deal faces US security challenge SAN FRANCISCO, Jan 23 (Reuters) - IBM's proposed $1.25 billion sale of its personal computer business to Lenovo Group of China may be held up by U.S. regulators over national security concerns, Bloomberg reported on Sunday. The report, citing unnamed sources "familiar with the matter" said members of the Committee on Foreign Investments in the United States, or CFIUS, are concerned that Lenovo employees might be used to conduct industrial espionage.
  • I.B.M. Division Headed to China Has Made No Profit in 3 1/2 Years

    12/30/2004 8:34:34 PM PST · by maui_hawaii · 1 replies · 261+ views
    I.B.M. said yesterday that the personal computer business it was selling to the Lenovo Group of China had not made a profit for three and a half years. I.B.M.'s personal computing division had a loss of $139 million in the six months ended June 30. It had losses of $258 million in 2003, $171 million in 2002 and $397 million in 2001, I.B.M. said in a filing with the Securities and Exchange Commission. During that period, the PC division had sales of $34.1 billion. I.B.M., which is based in Armonk, N.Y., does not typically reveal results for its PC division,...
  • IBM sought a China partnership, not just a sale

    12/13/2004 8:59:56 AM PST · by maui_hawaii · 50 replies · 1,825+ views ^ | Published: December 12, 2004, 7:55 PM PST | Steve Lohr
    In July 2003, Sam Palmisano, the chief executive of IBM, traveled to Beijing to explore the sale of the company's personal computer business. But he did not start by making the usual visit with executives of IBM's preferred partner, Lenovo, China's largest personal computer maker. Instead, Palmisano first engaged in a bit of old-fashioned courtship. Before formally approaching Lenovo, he sought permission from the parents, by meeting privately with a senior Chinese government official in charge of economic and technology policy. IBM was not merely looking to sell its PC business, Palmisano told the official, but had bigger aspirations of...
  • IBM Sells PC Division to Chinese Company (China's long term plans)

    12/09/2004 10:00:00 PM PST · by Destro · 23 replies · 773+ views ^ | December 9, 2004 | The NewsHour
    CULTURAL EVOLUTION December 9, 2004 Margaret Warner discusses IBM's sale of its personal computer business to one of China's top PC makers with a technology expert and a China analyst. MARGARET WARNER: The company that pioneered the personal computer is leaving the business. IBM, which brought the first PC to market in 1981, announced this week it's selling its PC business to China's top personal computer company, Lenovo. The $1.75 billion deal will make Lenovo number three in the global PC Market, behind Dell and Hewlett-Packard. Lenovo will move its headquarters to New York City. And the deal gives IBM...
  • IBM sells PC group to Lenovo (Chinese)

    12/07/2004 8:28:04 PM PST · by Straight Vermonter · 36 replies · 1,113+ views
    CNET news ^ | 12/7/04 | John G. Spooner and Michael Kanellos
    IBM will sell its PC division to China-based Lenovo and take a minority stake in the former rival in a deal valued at $1.75 billion, the companies announced Tuesday. The two companies announced a plan to form a complex joint venture that would make Lenovo the third-largest PC maker in the world, behind Dell and Hewlett-Packard, but still give IBM a hand in the PC business. The acqusition is expected to be completed in the second quarter of 2005. Under the deal, IBM will take an 18.9 percent stake in Lenovo. Lenovo will pay $1.25 billion for the IBM PC...
  • China Computer Maker Acquires IBM PC Biz

    12/07/2004 6:53:53 PM PST · by traumer · 9 replies · 561+ views
    Yahoo! ^ | Tuesday December 7
    Lenovo Group, China's Biggest Computer Maker, Acquires IBM's PC Business for $1.75 Billion BEIJING (AP) -- China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.75 billion, one of the biggest Chinese overseas acquisitions ever. ADVERTISEMENT The deal shifts IBM to a peripheral role in a corner of the technology industry it pioneered. It creates a joint venture in which Lenovo Group Ltd. takes over the IBM-brand personal computer business, including research and development and manufacturing, while IBM will keep an 18.9 percent stake in the...
  • China's Biggest Computer Maker Announces Acquisition of IBM's PC Business

    12/07/2004 6:32:06 PM PST · by Tumbleweed_Connection · 141 replies · 2,067+ views
    AP ^ | Dec 7, 2004 | Stephanie Hoo
    China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.25 billion, one of the biggest Chinese overseas acquisitions ever. The deal shifts IBM to a peripheral role in a corner of the technology industry it pioneered. It creates a joint venture in which Lenovo Group Ltd. takes over the IBM-brand personal computer business, including research and development and manufacturing, while IBM will keep an 18.5 percent stake in the company, said Lenovo's chairman, Liu Chuanzhi. The deal makes Lenovo the third-largest PC company in the world,...
  • IBM sells PC business for $1.25B

    12/07/2004 6:39:06 PM PST · by ex-snook · 10 replies · 511+ views
    CNN ^ | 12-7-04 | CNN
    BEIJING (Reuters) - China's largest personal computer maker, Lenovo Group Ltd., said Wednesday it is buying control of IBM's PC-making business for US$1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981. The agreement, which forms the world's third largest PC business, calls for Lenovo to pay IBM $650 million in cash, $600 million in Lenovo Group common stock and for Lenovo to assume $500 million in net balance sheet liabilities from IBM.
  • IBM Sells PC Unit to China's Lenovo [$1.25 billion deal]

    12/07/2004 6:13:38 PM PST · by yonif · 36 replies · 946+ views
    Reuters ^ | Dec 7, 2004
    BEIJING (Reuters) - Tech giant IBM (IBM.N: Quote, Profile, Research) is selling its PC-making business to China's largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research) , for $1.25 billion, Lenovo said on Wednesday. "Lenovo has acquired IBM's personal services business for $1.25 billion," Liu Chuanzhi, chairman of Lenovo Group Ltd., told reporters in Beijing. He said the deal would make Lenovo the world's no. 3 personal computer maker.
  • Lenovo, IBM May Soon Reveal PC Unit Deal

    12/07/2004 2:45:56 PM PST · by NCjim · 24 replies · 474+ views
    Reuters ^ | December 7, 2004 | Doug Young and Tony Munroe
    China's largest personal computer maker, Lenovo Group Ltd., could announce as early as Tuesday that it is buying control of IBM's PC-making business for up to US$2 billion, a source familiar with the situation said. In its first disclosure that a deal may be imminent, Lenovo said it was in acquisition talks with a major technology company, without identifying the firm. It asked the Hong Kong stock exchange to suspend trading in its shares for a second day, reversing an earlier announcement that trade would resume on Tuesday. "Such discussions are at an advanced stage but no definitive agreement or...
  • IBM selling Computer Unit

    12/03/2004 3:51:01 PM PST · by Stratman · 7 replies · 410+ views
    CBS.Marketwatch ^ | December 3, 2004 | Rex Crum
    SAN FRANCISCO (CBS.MW) - Its name certainly doesn't carry the recognition of Dell, Hewlett-Packard or Apple Computer, but China's Lenovo Group could climb up the personal-computer food chain if it ends up buying IBM's PC business. Lenovo (HK:992: news, chart, profile), which sells low-margin PCs in China under the Legend brand, is reportedly negotiating for IBM's PC business for as much as $2 billion. IBM officials declined to comment. Lenovo's Legend line is still relatively unknown outside of China, and research firm Gartner Group pegs the company's share of worldwide PC shipments at 2 percent, placing it in 9th place...
  • I.B.M. Said to Put Its PC Business on the Market

    12/03/2004 2:42:42 PM PST · by neverdem · 10 replies · 1,273+ views
    NY Times ^ | December 3, 2004 | ANDREW ROSS SORKIN and STEVE LOHR
    International Business Machines, whose first I.B.M. PC in 1981 moved personal computing out of the hobby shop and into the corporate and consumer mainstream, has put the business up for sale, people close to the negotiations said yesterday. While I.B.M. long ago ceded the lead in the personal computer market to Dell and Hewlett-Packard so it could focus instead on the more lucrative corporate server and computer services business, a sale would nonetheless bring the end of an era in an industry that it helped invent. The sale, likely to be in the $1 billion to $2 billion range, is...