Not so long ago, Market Leader
reported that IBM was holding talks with Dell about selling its server
business. However, later on, we found out that Lenovo, a Chinese
manufacturer of computer electronics, had resumed the older talks held
between its representatives and IBM a couple of years ago.
Even though the final agreement isn’t
signed yet, the parties are reported to have agreed on mutually
beneficial terms and Lenovo is about to become the new owner of IBM’s
server business.
Meanwhile, IBM's stock is still strong (is trading within the 172-202 price
range). It is currently developing another rally after the recent
retracement seen in late December 2013. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of IBM:
