Valuation concerns have scuttled negotiations, according to a person familiar with the talks.
FORTUNE -- Negotiations between Lenovo and IBM over a multi-billion dollar deal under which Lenovo would acquire parts of IBM's server business have broken down, according to people familiar with the situation.
While the discussions could resume, they were halted over valuation concerns, according to a person familiar with the talks.
Spokespeople for Lenovo and IBM (IBM) declined to comment.
MORE: Nearly MOREMiguel Helft, senior writer - May 1, 2013 4:32 PM ET
Three of the Bay Area's marquee investment firms want to capture the most interesting ideas before they're hatched.
FORTUNE -- It was classic Sergey Brin. Dressed in sports shorts, an exercise shirt and blue Crocs, the Google co-founder showed up riding an elliptical bicycle, and as he does these days, wearing Glass, Google's futuristic wearable computer that fits on a head mounted display. Oh, and he was a few minutes late.
The MOREMiguel Helft, senior writer - Apr 10, 2013 5:00 PM ET
Facebook's major announcement really amounts to one thing: The social network is using the search giant's own platform against it.
FORTUNE -- The last time Google and Facebook had a chance to make friends was October 2007, when the two companies discussed an advertising alliance. Ultimately, Facebook snubbed Google in favor of archrival Microsoft.
It's all been downhill since then. As Facebook (FB) grew to become an Internet superpower, it liberally poached MOREMiguel Helft, senior writer - Apr 4, 2013 1:00 PM ET
Google appoints a new Android leader and shrinks its product groups from seven to five.
FORTUNE -- In my recent feature on Larry Page's successful tenure as CEO of Google, I noted that Page had presided over a remarkably stable management team.
That was then. In a matter of two days, Page shook up the "L-team" (short for Larry's team), shrinking Google's product groups to five from seven.
On Wednesday, Page announced that MOREMiguel Helft, senior writer - Mar 14, 2013 3:29 PM ET
Keith Rabois says he had long considered becoming a professional investor. Now he will at Khosla Ventures.
FORTUNE -- Keith Rabois, who resigned from mobile payments startup Square last month amid accusations of sexual harassment, is joining Khosla Ventures.
As a senior investment professional at the firm, Rabois, a well-respected startup executive and successful angel investor, will help to select investments and to advise entrepreneurs in the firm's portfolio.
Vinod Khosla, the firm's founder, said MOREMiguel Helft, senior writer - Feb 26, 2013 12:01 PM ET
With a new laptop, Google is betting that living in the cloud on an ultrabook is not just cheaper, but much better.
FORTUNE -- Cloud computing has been around for some time now. But not many people believe they can do all their computing in the cloud. Not many, that is, outside the brainaics at the Googleplex.
With its line of Chromebooks made by various hardware partners, Google (GOOG) began testing in MOREMiguel Helft, senior writer - Feb 22, 2013 6:42 AM ET
A major shakeup at the hot mobile payments company.
Note: This is an updated version of a previous story.
FORTUNE -- Keith Rabois, the No. 2 executive at Square, the fast growing mobile payments startup, resigned from the company amid sexual harassment accusations made by an employee with whom he had an intimate relationship.
In a blog post, Rabois said that a New York-based attorney last week threatened him and Square with a MOREMiguel Helft, senior writer - Jan 25, 2013 2:59 PM ET
Facebook's new "graph search" is the beginning of a long-term attempt to strike at Google's most lucrative product.
FORTUNE -- When Google unveiled free word processing and spreadsheet apps back in 2007, the company wasn't trying to immediately topple Microsoft's Office suite. After all, Google's apps were―and still are―inferior to powerful programs like Word and Excel. But their launch was the beginning of a long-term campaign to nibble away at one MOREMiguel Helft, senior writer - Jan 15, 2013 6:39 PM ET
In one important aspect, Google will not be Microsoft redux.
FORTUNE -- When I asked Larry Page in November about claims that Google manipulated search results to favor its own services at the expense of rivals, he gave me a lengthy answer that more or less pooh-poohed the allegations:
"The way we think about it is that our customer is our end-user. People are really trying to get some information and get MOREMiguel Helft, senior writer - Jan 3, 2013 4:01 PM ET
Google CEO Larry Page envisions a future in which computers plan your vacations, drive your cars, and anticipate your whims. Audacious? Maybe. But Page's dreams have a way of coming true.
Note: On Jan 3, as Fortune published this article, the Federal Trade Commission ended its investigation of Google's search practices saying it found no evidence that the company manipulated search results in violation of antitrust laws. The European Commission and MOREMiguel Helft, senior writer - Jan 3, 2013 5:00 AM ET
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