IDC, said the high-profile evaluation is not only low-cost PC manufacturers

May 2nd news, San Francisco local time on Sunday, Lenovo and IBM announced that the transactions between them has been completed.

Lenovo, IBM announced in December 8th last year, Lenovo acquisition of IBM PC business, Lenovo will be in cash and stock to pay IBM $1 billion 250 million, and $500 million in debt to bear IBM. IBM said in a joint statement issued by two companies that it would increase its pre tax profit of about $1 billion in July, when it reported its second quarter results.

By IBM PC and Lenovo business combination of the annual sales revenue of $13 billion in the company will become the world's third largest PC manufacturers. The new Lenovo chief executive Stephen Wade said in a telephone interview, we will improve, but not to reduce the speed and quality of innovation.

, will put the company headquarters from Beijing to New York, Chinese fusion and American officials, prove to the world, Chinese enterprises are able to production and sales of world-class products, not only to the production of low-cost PC. IDC's PC industry analyst Roger Kay said that Lenovo is China's top PC manufacturers, not as foreigners imagine that is a low-cost PC manufacturers.

The deal with DELL, Lenovo has won the HP Tongchangjingji opportunities, it also faces many business expansion in North America, Europe, Japan and Taiwan China competition. Lenovo has chosen to work with IBM to move towards the international market, a strategy that is different from competitors, especially those in Taiwan, china.

Lenovo in the past, overseas expansion has taken a cautious strategy. At the end of 1990s, it has set up an office in Silicon Valley, to enter the American market daqianzhan, but later abandoned the plan. More recently, it had planned to enter the U.S. market through the acquisition of Micron's PC business, has not been successful.

, chief executive Wade said the sales associate will be, within weeks of products and ThinkPad products show to the world, the merger does not prevent its pace of innovation. The new Lenovo is studying how the marketing of its various brands, especially in marketing Chinese markets outside the consumer products. (Liu Yanqing)