As the old saying goes, no one ever got fired for buying IBM. But no one ever got hired for buying Lenovo.Here's a memo from the CEO to all IBM employees explaining the deal.
Not surprisingly, Michael Dell is bashing IBM. But this statement is also interesting:
In recent years, Dell has also been gaining market share in China, a trend that has prompted Lenovo to cut prices.If Lenovo can't even compete with Dell on their home turf, what would they be able to do with IBM's PC division worldwide? But it still seems to me that Lenovo would have some tricks up their sleeve that would allay the fears of doomsayers; one lesson that people need to learn, you never underestimate the Chinese. For fools rush in where angels fear to tread.