Lenovo has acquired IBM's PC division.
This is a very big demonstration of the relentless economic pressure that the emerging economies of eastern asia have brought to bear on the productivity and profitability of western manufacturing industries. What was earlier evident in toys and clothes and then in components like harddrives and memory chips ... has now engulfed total systems and the companies that make them. And this has taken twenty years.
What next ? The next frontier is services. Software services and business processing services. We are still in the era of the toys and clothes (body shopping ) and are rapidly moving into the equivalent of hard drives and memory chips (project delivery ).
When shall we move in to acquire Accenture ? EDS ? Cap Gemini ? IBM Global Services ? Another twenty years ? or will the world move faster ?
And who will do the acquisition ? Infosys ? Wipro ? TCS ?
Let us wait and see ... These are interesting times indeed.