At first, I was highly pessimistic about the success of this venture.
Since I was close to IBM and had been on their mobile advisory board at the time, myself and about eight other analysts were invited to go to Beijing to meet with Lenovo’s management team, speak with its executives and hear its vision for what had been IBM’s PC products.
So on May 1, 2005, IBM sold its PC business to Lenovo - and over the last 10 years, Lenovo has become the #1 PC player in the world. But by 2004, IBM’s business had changed, and it was looking to get out of the PC hardware business. For most of the 1990’s and early 2000’s, IBM had a strong PC business the ThinkPad was the anchor of their portable line. Their laptop morphed into what has become the very popular ThinkPad brand. Over the next five years, IBM’s laptop designs took advantage of newer screens, processors and battery chemistry.
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