» IBM positions Thailand as hub for Indochina expansion

Local executives of iconic American computer company IBM said last week that Thailand will serve as the firm's hub for expanding into Indochina as they believe the subregion offers the potential for high growth and increasing revenues over the next three years. "We are studying how to enter the Indochina market in various areas including as business partners, and under a business model with consideration to regulations and laws for investment," said Patama Chataruck, managing director IBM Thailand. "Meanwhile, Thailand still has high potential." Known as Big Blue because of the color of its logo, International Business Machines (IBM) was once the world's leading computer manufacturer, but sold its personal computer business to Lenovo of China in 2005. It still manufactures super-computers, other hardware and has devoted tremendous resources to becoming a leader in solutions and software.