In 2004, when many people were shocked by the attempt to propose the acquisition of ibm computer operations, which cost $1. 75 billion, because of the small amount of cash on hand and the high level of indebtedness, the risk of the acquisition was perceived by the outside world, but the fact was that for three years in a row, the ibm computer operations were in a loss, and they themselves wanted to dispose of the business as soon as possible, not only in cash, but also in part in shares, through which the thinkpad brand, the global distribution channels, the r & d team, and many patents were acquired, and the process was decided after careful calculations。
The money spent on the acquisition of chinkpad, a brand that still holds more than 30% of the hard currency in the high-end global market in 2024, pre-acquisitions that are almost unsold abroad, after three years, with more than half of the overseas income, if it takes at least eight years to spread their own channels slowly, and easily to turn around. Technically, the original ibm research and development team, especially the engineers in japan and the united states, became the backbone of the subsequent development of core technologies such as power and heat distillation, and the compliance also inherited directly the ibm tax and legal system, which allowed the union to stand on the back of us-american government procurement without being treated as a small chinese factory。
But the price is not small, given ibm’s 3. 4% stake, the ibm’s second largest shareholder, the ceo’s change to ibm’s head office, and the move to new york, which many have criticized as a selling country, but at that time it was difficult for chinese companies to gain confidence in the international market, and the debt rate after acquisition almost dropped to 90 per cent, when it almost got out of the market, and then to sell non-core operations to ease the financial pressure, reaching below 60 per cent in 2002, with r & d teams in the united states and japan, where the main responsibility for supply chains and localization is not technology emptied, but the common practice of globalized companies, unlike china’s centralized r & d model。
By 2024, ideapad had accounted for nearly 60 per cent of what it wanted to do with computers, indicating that the two-brand strategy of the association was effective, crucially because it wanted to retain control over the brand, the right to define the product, and ownership of the manufacturing process, without allowing others to take away the name, or become a brand factory。
Now, looking at the data, the net profit is 51. 28 billion in 2024, with a net profit of 7,683 million, making up almost the annual cost of five acquisitions, with the global share of pcs at 24. 3 per cent, remaining the first in 11 consecutive years, with 17. 2 per cent in the united states market, higher than the combined net share of dale and apple
