IBM is pulling out from the PC business as it prepares to sell a 80% stake to Lenovo, the world's 9th largest PC maker. Lenovo, in turn, gets the rights to the IBM name for five years and the impression I get is that they get the rights to both the desktop and notebook lineup.
If [the sale to Lenovo] goes through, the deal will let IBM continue its shift from selling so-called commodity products to selling services, software and high-end computers. Although the company helped make PCs a global phenomenon, IBM makes little profit from PCs and often loses money.I do not know how relevant IBM's departure is - they have very little to differentiate themselves on the desktop side but their notebook lineup still does fairly well. If Lenovo can maintain quality control and leverage the IBM brand name this could work out very well for them as Lenovo is not exactly a household western name.