IBM has put its personal computer business up for sale, sources tell The New York Times.

IBM’s PCs and laptops are designed and marketed by Big Blue’s operation in RTP. The Times points out that the units are manufactured by third parties.

The sale could generate between $1-2 billion, The Times said.

IBM has steadily lost PC market share to rivals such as Dell and HP. Dell dominates US sales with 32.6 percent share followed by HP at 20.5 percent. Gateway and IBM each own a 5.2 percent share, according to analyst firm IDC.

IBM: www.ibm.com