Lenovo Group's all colleagues:
We announced a very excited mood, which is today, on December 8, 2004, Lenovo Group acquired IBM's global personal computer business with $ 1.25 billion, including desktops and laptops, and personal computers. Business-related R & D centers, manufacturing plants, global distribution networks and service centers, New Lenovo will use IBM brands within 5 years, and will preserve the right to use the world famous "Think" trademark; at the same time, IBM will Holding a shares around the Lenovo Group, becoming a strategic partner of Lenovo Group. After the acquisition is completed, New Lenovo will be a world's third largest computer company, with a broader brand cognitive, more diverse customer base and huge distribution network, world-class, world-class Leading technology, richer product portfolio, more efficient operational capabilities, and realizing our dreams of international strategic vision.
On December 8, it will become a great day of Lenovo, and will also become an important moment in the history of Chinese enterprises. During Lenovo's historical processes written by Lenovo, there is no such thing as today, and the global IT industry and economic society have vibration. This is the unparalleled strategic breakthrough of Lenovo uses to enter innovative spirit. It is the best proof of the value created by Lenovo 20 years! We are proud and proud to witness and participate in this historical merger!
Global personal computer business of M & A IBM, making Lenovo a global company, is an important step in our key to the established international strategic road. In the past ten years, the hard work of all employees has established an absolute advantage in the Chinese market, laid the strong foundation of internationalization; today, we have sold our IBM's personal computer business, which shortened us may cost 20 years or even longer can achieve international target history, this will be a new historical starting point, all the colleagues have created Lenovo's brilliant history, I believe that in the future, I will also be committed to promoting the successful operation of the new company. More brilliant business performance.
After the acquisition is completed, the new bank will enter a smooth transition period and the integration period, and all aspects will be in an orderly, in the near future, China's business structure will remain stable, we have conducted positive with customers, channels, suppliers and the government. Communication, informing our progress, and promises the quality of the products and services, the service team constant, the signing and the contract in the implementation. The Chinese market is a great base camp of New Lenovo, and we will guarantee China's business stability and continuous growth.
The successful operation of new Lenovo requires all the efforts and support of all colleagues. First of all, we need to be highly identified by the company's strategy, combining the company's goals and personal development goals. Through careful and meticulous work of various sectors, ensure the smooth progress of integration and the continued and stable development of the business; second, we need us The firm and active mentality will hug change, actively meet the challenges of the change to us, accept changes, active response, to the standards of employees in the work quality and their own quality are close; new companies will actively create conditions, pass through Training and other means help employees adapt to the changes brought about by internationalization, so that everyone can adapt to the requirements of internationalization companies.
IBM's development history has been 90 years. Lenovo has passed the 20 years in China. The two companies have a common corporate culture concept: people-oriented, customer-oriented, excellence, and emphasize the value of shareholders. The two sides have natural complementary advantages, but can be truly integrated, collaborate, to create huge development motivation, depending on the joint efforts of both employees, need us to respect each other, modest, learn, and make new banks into one There is a common strategic vision, corporate culture and value sharing.
The chairman of the new company's board of directors will be served by Yuanqing, and the new CEO will be asked by Mr. Steve Ward. Mr. Steve Ward is currently senior vice president of IBM, 26 years in IBM, and is currently responsible for personal system. Mr. Yuanqing and Steve Ward has begun close cooperation. Under their leadership, the new board of directors and management will sequentially, and all work within half a year will be in order. We will promptly announce the relevant information about subsequent progress. In today's and later, we will communicate through the employee conference, online C-Time and other forms, answers everyone's concern, if you have any questions Or suggestions, you can also contact your big monkeys. (Bigmonkey@lenovo.com)
Liu Chuanzhi, Chairman of the Board of Directors of Lenovo Group
Lenovo Group President and CEO Yang Yuanqing
December 8, 2004
