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January 23, 2014 AT 1:21 PM
Lenovo of China, already the world’s largest maker of personal computers, has purchased from IBM one of the world’s largest computer server businesses, for what seems like a rock-bottom price. Lenovo gets market share in an area where it is a small player. IBM is shedding a business that was killing its profitability in higher-margin software and services. What seems something like the proverbial win-win deal is more likely a sign of how fast things are changing in the trillion-dollar global technology industry. Businesses like PCs are losing ground to mobile devices like smartphones, and the once-formidable computer server is increasingly viewed as one more commodity piece of globe-spanning cloud computing projects from a few elite players.