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

[SOTL]

It should on the SLUG Political list or on Slashdot but hopeful NOT here.

Frank

On Tuesday 25 January 2005 09:33 am, Jeff wrote:
> 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=21
>9
>
>
> Thank you very much!
>
> -Jeff