Calling it the end of an era might be a bit of an understatement.
is reportedly ready to exit the PC business, having long lost its dominance in the arena.
The sale is expected to fetch $1 billion to $2 billion, according to a Friday report in
The New York Times
, which said a deal is likely to include all of IBM's desktop, laptop and notebook computers.
The report said
, China's top PC company, is among the interested bidders.
For some time now, IBM has been focusing on computer services and the business end of the market and is a distant No. 3 to industry leader
is the other major player.
IBM shares rose $1.94, or 2%, to $97.70 in premarket trading.