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Michael Dell

Report: IBM Eyes Sale of Low-End Server Business

After failing to clinch a deal with China's Lenovo last year, IBM (NYSE:IBM) is reportedly renewing efforts to sell its low-end server business.According to The Wall Street Journal , Dell is one of the parties that could end up acquiring the server division, which is known as the x86 server business.IBM was unable to agree on a valuation for the business during negotiations last year with Lenovo, which valued it at below $2.5 billion. Analysts estimate the x86 sever unit generated about $4.9 billion of revenue in 2012, contributing to the company's $15.4 billion in overall server sales.A Dell spokesman said the company "does not comment on speculation." IBM did not respond to a request for comment.Dell agreed to go private last year in a $25 billion deal led by founder and CEO Michael Dell and private-equity firm Silver Laker Partners. Dell is the No. 3 global server vendor by sales after IBM and Hewlett-Packard (NYSE:HPQ)....

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