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million worth of shares in personal computermaker , Reuterd reported. Big Blue sold 116.19 million Lenovop shares, which are traded on the Hong Kongstocl exchange, at a 6 percent discounty to the computer maker'a final trading price for the day, accordingb to the Reuters report. The sale of the 1.3 percent sharew in Lenovo leaves IBM witha 6.5 percent stake in the company, according to both Reuterx and Dow Jones Newswires. IBM gained more than a 10 percenyt ownership stake in Lenovo as part ofthe $1.25 billionm sale of its Personal Computing Divisionh to China-based Lenovo in 2005, Reutera reported. Big Blue steadily has been selling off chunkds ofLenovo since.
Lenovo entered the Triangle market with theIBM IBM's Personal Computing Division was based in Researcb Triangle Park. After acquiring the PC division, Lenovo to a new campusz built for the companyin Morrisville. IBM is one of the Triangle'se largest private employers, with 11,000 local workers, the vast majorituy of whom are atthe company's Researcnh Triangle Park campus. Lenovo has abou t 1,350 employees in
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