As rumored since last Friday, it's official: Lenovo Group Limited of Beijing, China will acquire IBM's business for making desktop computers and ThinkPad laptops. (Reuters) Shedding the PC division is seen as positive financially for IBM because the PC business is high cost and low profit margin as compared to its growing software and services businesses. (CBS MarketWatch) This is big news in my hometown, the Research Triangle, because much of the PC division's workforce is here. (Raleigh News and Observer)
Now the rumor is that perhaps IBM wants to buy Apple, whose Power Mac G5 is made with the IBM PowerPC processor. (SYS-CON, The Register, IT Jungle) Then again, the Xbox uses PowerPC, so maybe IBM should buy Microsoft. In any event, for more about the PowerPC, see the developerWorks Power Architecture zone.
Lenovo to acquire IBM Personal Computing Division