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Monday, January 20, 2014

Dell interested in IBM's low-end server business - WSJ, (NYSE: IBM)

International Business Machines Corp is thinking of selling off its low-end server business and Dell Inc may be among potential bidders, the Wall Street Journal reported, citing sources. A deal to sell all or part of the world's largest technology service company's x86 server business to China's Lenovo Group Ltd fell through as the two sides couldn't agree on a price, sources had said last year.Whether Lenovo was still interested in the business and if there are any more possible buyers was not clear, the Bloomberg report said. ()The low-margin, but high-growth businesses will help Dell, which has been trying to increase sales, gain scale as it focuses more on enterprise clients.Founder Michael Dell succeeded in taking the company private in a $25 billion deal last year after prolonged trouble. [ID: nL2N0H80R4]

International Business Machines Corporation (IBM) is an information technology (IT) company. Shares of IBM traded higher by 0.7% or $1.33/share to $190.09. In the past year, the shares have traded as low as $172.57 and as high as $215.90. On average, 5091890 shares of IBM exchange hands on a given day and today's volume is recorded at 7671146.