U.S. Approves IBM/Lenovo Sale 217
MartinB writes with the "Committee on Foreign Investment in the United States (CFIUS) review result: unanimous approval for the sale to go ahead, with no further external approvals needed. No compromises were required over the location of Lenovo facilities in sensitive research areas, nor were limits put on Lenovo's ability to sell PCs to U.S. agencies."
Re:Wow, I'm moving to China (Score:2, Informative)
P.S. doesn't China have at least 4 different dialects and regional cuisines?
Re:Go ahead America (Score:1, Informative)
Re:PowerPCs here we come (Score:3, Informative)
Re:Go ahead America (Score:3, Informative)
Re:I blame Bush (Score:3, Informative)
IBM doesn't have a PAC, which is probably a good move since typically these organizations end up donating to both sides to hedge their bets. But it does participate extensively in lobbying, which I see as just as bad as campaign donations, and have less oversight.
However, I also disagree that share price should be taken as the only metric of company success.
I agree, since share price is more a representation of sentiments of how the company is perceived, rather than a metric of actual company health. However, the shareholders are the ones in charge, they are the ones the CEO has to please. You need to balance, running the company, and not disappointing shareholders.
In this specific case, I think it's part of the general hollowing out of American industry and strengthening of Chinese industry--which mostly reminds me of what happened in America before the Civil War.
I see it differently, the South never changed, it stayed with it's cotton fields taking advantage of its supply of cheap labor. The north changed, gave up the lower value items for the south to produce and focused on higher value industries. In the 70's and 80's electronic manufacturing moved to asia to take advantage of cheaper labor markets, and the US focused on using the cheaper goods for more value added industries such as software. As software is becoming a commodity and being outsourced, domestic companies can focus on more value added activities such as consulting.
Re:IBM Hardware (Score:3, Informative)