IBM Corp.'s personal computer business racked up US$965 million in losses between Jan. 1, 2001, and June 30, 2004, the company said last week in a filing to the U.S. Securities and Exchange Commission, detailing the planned sale of the business to China's Lenovo Group Ltd.
SAP AG is taking steps to boost its research and development (R&D) activities in China as the German business software vendor expands into one of its fastest growing markets.
Huawei Technologies Co. Ltd. has won a contract to build a 3G (third-generation) high-speed mobile Internet network in the Netherlands, its first European order for the new high-speed mobile technology, the company said Thursday.
As IT and telecom equipment vendors in Europe and the U.S. outsource areas of their production to China, that country's largest manufacturer of communications systems is clinching contracts in their own backyards.
SAP AG plans to more than double the number of staff at its software development centres in Bangalore, India, and Shanghai by 2006, and is also considering setting up a new development centre in Eastern Europe, according to a company executive.