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Reports that Armonk, New York-based IBM Corp. has won a contract to supply computers and consulting services to Circuit City Stores Inc.

Focuses on the purchase of the personal computer unit of the International Business Machines Corporation by Lenovo, a Chinese computer maker. Report that Lenovo will move its corporate headquarters to New York; Discussion of this instance of a Chinese company that outsources management to the United States; Role of Stephen M. War Junior as Lenovo's chief executive; Founding of Lenovo by Liu Chuanzhi with a group of scientists from the Chinese Academy of Sciences.

Reports on the bulk-buying agreement signed between a group of New York State private colleges and IBM Corp. for purchases of computers.

Reports on the plan of Sony Corp. to invest in the upstate New York semiconductor plant of IBM Corp. Amount of investment; Plan to produce tiny new chips for next-generation computer systems and consumer electronics; Advantage of the investment agreement for the operations of both companies.