| ActiveMac | Anonymous | Create a User | Reviews | News | Forums | Advertise |
|
|
|
User Controls |
|
New User |
|
Login |
|
Edit/View My Profile |
|
|
|
|
|
|
|
ActiveMac |
|
Articles |
|
Forums |
|
Links |
|
News |
|
News Search |
|
Reviews |
|
|
|
|
|
|
|
News Centers |
|
Windows/Microsoft |
|
DVD |
|
ActiveHardware |
|
Xbox |
|
MaINTosh |
|
News Search |
|
|
|
|
|
|
|
ANet Chats |
|
The Lobby |
|
Special Events Room |
|
Developer's Lounge |
|
XBox Chat |
|
|
|
|
|
|
|
FAQ's |
|
Windows 98/98 SE |
|
Windows 2000 |
|
Windows Me |
|
Windows "Whistler" XP |
|
Windows CE |
|
Internet Explorer 6 |
|
Internet Explorer 5 |
|
Xbox |
|
DirectX |
|
DVD's |
|
|
|
|
|
|
|
TopTechTips |
|
Registry Tips |
|
Windows 95/98 |
|
Windows 2000 |
|
Internet Explorer 4 |
|
Internet Explorer 5 |
|
Windows NT Tips |
|
Program Tips |
|
Easter Eggs |
|
Hardware |
|
DVD |
|
|
|
|
|
|
|
Latest Reviews |
|
Applications |
|
Microsoft Windows XP Professional |
|
Norton SystemWorks 2002 |
|
|
|
Hardware |
|
Intel Personal Audio Player 3000 |
|
Microsoft Wireless IntelliMouse Explorer |
|
|
|
|
|
|
|
Site News/Info |
|
About This Site |
|
Affiliates |
|
ANet Forums |
|
Contact Us |
|
Default Home Page |
|
Link To Us |
|
Links |
|
Member Pages |
|
Site Search |
|
Awards |
|
|
|
|
|
|
|
Credits |
 |
IBM's PC Division: No Profit in Over 3 Years | |
|
||
| Time: 11:56 EST/16:56 GMT | News Source: WinInformant | Posted By: Chris Hedlund | ||
|
In a regulatory filing with the US Security and Exchange Commission, International Business Machines (IBM) revealed that its PC business, which was recently sold to Chinese computer giant Lenovo for $1.25 billion, hasn't been profitable for at least three and a half years. The revelation, which IBM would not have made were it not legally required for the sale to complete, was unusually blunt in its discussions about the economics of the PC business. "The [PC] business has a history of recurring loses, negative working capital, and an accumulated deficit," IBM wrote in the filing. "The ability to settle obligations as they come due is dependent on IBM funding the operations on an ongoing basis." The business lost $258 million in 2003, $171 million in 2002, and $397 million in 2001. In the first half of 2004, IBM's PC business lost $139 million on sales of $5.2 billion. | ||
|
Write Comment
Return to News |
Displaying 301 through 302 of 302 Prev | First |
The time now is
1:20:42 PM
ET.
Any comment problems? E-mail us |
|
Write Comment
Return to News |
Displaying 301 through 302 of 302 Prev | First |
The time now is
1:20:42 PM
ET.
Any comment problems? E-mail us |
