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

[Jeff]

Hi all,

I thought this might spur some interesting conversation.  Taken from
Slashdot this morning:

Politics: US Government May Not Approve Sale of IBM PC Unit


Posted by samzenpus on Tuesday January 25, @06:00AM
from the not-at-any-price dept.
andy1307 writes "Xinhua, among others, quotes a Bloomberg report
saying the Committee on Foreign Investments in the United States, or
CFIUS, might block the sale of IBM's PC unit to Lenovo over national
security concerns. CFIUS is made up of 11 U.S. agencies, including the
Department of Justice, the Department of Homeland Security, and is
chaired by the Treasury Department. They are concerned Lenovo
employees might be used to conduct industrial espionage. The Bloomberg
story said members of CFIUS were focusing their attention on an IBM
facility in North Carolina of the United States. The same article says
IBM hasnt produced its own PCs for several years and that the bulk of
its production is done by manufacturing partners, largely in China. In
the past, CFIUS has blocked the sale of Global crossing to Hutchison
Whampoa because it would have meant Chinese control of the undersea
cable communication network."

http://politics.slashdot.org/politics/05/01/25/0347257.shtml?tid=137&tid=219


Thank you very much!

-Jeff