IBM has revealed that the company's PC operation has been unprofitable for the past three years.
“A Securities and Exchange regulatory filing by IBM revealed that the firm continued to lose money in its PC operation in the past three years, and that the losses continued even after the firmhad outsourced most of its PC manufacturing in 2002.
In the filing Thursday, IBM said its personal computer business lost $258 million in 2003, $171 million in 2002 and $397 million in 2001. In the first six months of 2004, IBM lost $139 million in the unit, which had sales of $5.2 billion. IBM is selling most of the PC unit to China’s Lenovo Group. “
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