Lenovo Completes IBM PC Purchase

Lenovo Group is ahead of schedule, completing the purchase of IBM's PC unit Sunday in a $1.75 billion dollar deal.

“With the acquisition behind it, Lenovo is promising immediate results. In a statement, the company says it expects to see lower procurement and marketing costs. Lenovo also promised a wave of new product introductions to come in the coming weeks. Those announcements could include the introduction of Lenovo-brand products into markets outside China.

Upcoming product introductions could also include a version of the ThinkPad X41 notebook with a rotating screen that can be folded back against the keyboard, allowing it to be used as a tablet computer. Documents describing the notebook, called the ThinkPad X41 Tablet Series, were recently made available on the Web site of the U.S. Federal Communications Commission. The FCC’s approval is required before any device that includes a radio, including wireless LAN connectivity, can be offered for sale in the U.S.”

Read more at PC World

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