[ltp] US Government May Not Approve Sale of IBM PC Unit

[Kelvin KAN]

morpheus wrote:

>>Arn't most of the computer parts made in China these days anyway? What
>>exactly does Uncle Sam thing China is going to steal! 
>>
>It is highly unlikely that the Bush administration would hold up this
>sale, given its overwhelmingly pro-business stance.  It is far more
>likely that they are using this threat as a bargaining chip in
>negotiations on other trade matters.
>
>
But the stock price of the potential buyer, Lenovo, acutally rose by 
about 7% on hearing that there might be obstacles to the deal i.e. the 
market is pessimistic about the benefit Lenovo will gain from the sale.  
If there is anything the US worries about may be the fame & prestige of 
the tag "IBM PC Compatible" being stolen by the Chinese.