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Reports on the sale of IBM's personal computer business to Lenovo Group of China. Total losses of the IBM personal computing division for the period ended June 30, 2004; Goal of IBM to improve its profit margin; Increase in IBM share prices on the New York Stock Exchange.

Discusses the implications of IBM's sale of its personal computer division to a Chinese company, Lenovo. Status of the personal computer market in the United States; Sign of close partnership with a growing technological power; Reminder of the distant time when a personal computer, by definition, meant IBM.

Reports that IBM Corp. announced the sale of its personal computer business to Lenovo Group Ltd., the largest personal computer maker in China. Significance of the deal; Estimates of the total value of the deal; Acknowledgement by IBM officials that its future in China is best served by a close partnership with a local market leader.

Reports on a potential partnership between I.B.M. and the Chinese firm Lenovo. Comments from I.B.M. CEO Samuel J. Palmisano on the partnership; Impact of the partnership on China's high technology industry; Debate at I.B.M. over the future of their personal computer business; Details of the development of a partnership between I.B.M. and Lenovo.

Examines the significance of I.B.M.'s decision to sell its personal computer business to Lenovo, China's largest personal computer maker. Suggestion that the deal reflects the industrial and economic ambitions of the two companies and also their two nations; Overview of the complex transaction; How the I.B.M. personal computer business will be run under Lenovo's ownership; The rising global aspirations of corporate China as it strives to become a trusted supplier to Western companies and consumers; Outlook for I.B.M.'s future in technology services and consulting, in software and in the larger computers that power corporate networks and the Internet; How U.S. companies are scrambling to take advantage of the vast potential of the Chinese market.

Discusses how I.B.M. is in serious talks to sell its PC business to Lenovo, the largest maker of PC's in China. Consideration of how executives at companies such as Hewlett-Packard and Dell Computer were pleased with the news that I.B.M. may soon be absent from the PC market; How the sale to Lenovo would create a strong new rival with operations based in China; Reference to how Lenovo has the potential to decrease the prices of PCs due to its trend as a producer of low-cost machines; Forecasting on how Lenovo will be more aggressive on pricing leading to a compression on price points in the industry.

Discusses the efforts of the Chinese PC maker Lenovo Group to buy I.B.M.'s personal computer business. Consideration of how the Lenovo Group had sales of over $3 billion in 2003 and its ranked eighth among PC makers; Suggestion that the company makes its largest sales to Chinese government agencies and schools; Reference to how Lenovo is immune from tariffs levied against brands such as Dell, Hewlett-Packard, and I.B.M.; How company stock decreased when Lenovo reported poor earnings; Hopes that the merger would relieve some of the competitive pressure; Efforts of Lenovo to make itself more marketable by designing its own personal computers.