Anyone find connections to BushInc in IBM deal

[blm]

selling their computer business to a Chinese company?

I am always wary about Chinese deals because they tend to favor friends and partners of the Bush family. Keep in mind that Bush1 was ambassador to China in the early 70s, his brother was involved with large real estate deals there in the 80s and 90s building golf courses, and Prescott is now head of the US-China Chamber of Commerce.

No wonder WalMart and others who profit most off cheap Chinese labor love the Bushes.

It's just hard to imagine such a sale going through. IBM has always been a premiere US company.

[Old and In the Way]

1. I don't see a whole lot nefarious in this blm.

The US corporate PC market is pretty mature. I don't see a whole of expansion...the core technology is maximizing in terms of the human interface issues...so there won't be justifications based on processor speeds, screen technology, etc.

The market volumes for US business PC's is both shrinking and becoming commodity products driven by price. Being a low profit component of their business, I think selling it to their Chinese partner makes sense. They still have a 20% share in that business and the business remains based in the US...and they are well positioned in a market that will continue to expand for the forseeable future. I think they did pretty well getting $2BB for the business, considering there is little if anything proprietary with the products.