DealBook: Lenovo Sees Server Deal As Part Of ‘PC Plus’ Strategy
By agreeing to buy IBM’s low-end server business for $2.3 billion, Lenovo of China instantly vaulted itself into the top ranks of the sector. But executives at the Asian manufacturer argued on Thursday that the move did not mean it was trying to move away from the PC business. Instead, they said the deal advances Lenovo’s so-called “PC Plus” strategy of becoming the biggest computer maker in the world, whether the device is a laptop, a smartphone, a tablet or a server.
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