Feeds

IBM hits Lenovo with $123m stock sale shocker

You didn't get our email?

Top three mobile application threats

IBM hit Lenovo with a jarring share sale, unloading $123m of stock in the PC maker.

Shares of Lenovo dipped seven per cent today on the Hong Kong markets after word of IBM's sale reached investors. Lenovo requested that trading of its shares be halted with the price at HK$3.2. The exact nature of IBM's sale came as a surprise to Lenovo, according to a spokeswoman, although the company did expect some action from IBM.

IBM shed 300m shares in the PC maker, reducing its stake in the company to 10 per cent from 13.2 per cent. The sale price of HK$3.2 per share was at the low-end of IBM's target, and the deal was handled by Citibank.

While IBM may have been a bit rude with the Lenovo offload, the companies remain allies in the PC market. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.