Updated Jan. 23, 2014 at 9:29 a.m.

Premium Lock Lenovo deal could spare IBMers targeted for layoffs

Published: 2014-01-23 09:18:00
Updated: 2014-01-23 09:29:11

Racks of servers in an IBM data center. Public, private, and management data wires lead to servers on one of the cloud racks inside an IBM data center. Photographer: Ben Torres/Bloomberg

The $2.3 billion deal announced Thursday in which Lenovo has agreed to acquire portions of IBM's server business may throw a work life line to workers that Big Blue reportedly was targeting for a round of layoffs. If the Lenovo deal is approved, some 7,500 IBMers would transition to a new employer. But it's "premature" to speculate, says an IBM spokesperson....

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