Source Pravda.Ru

IBM's PC business: Confidential negotiations

China's biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which comes amid reports that it might buy &to=http:// english.pravda.ru/comp/2002/08/01/33619.html ' target=_blank>IBM's personal computer business.

Hong Kong-listed Lenovo Group didn't name the company with which it is holding talks in a disclosure statement released by the Hong Kong's stock exchange Tuesday, saying negotiations are confidential.

But it characterized the company as a "major international company in the information technology industry", says USA Today.