The new deal IBM and Lenovo announced last week showcases that the companies are on very different paths toward two widely divergent but equally powerful goals in what is a rapidly changing market. Lenovo is on a path to dominate the hardware side's second technology wave, while IBM is jumping to what may be the fourth technology wave. IBM dominated the first wave, which -- based on IBM's impressive mainframe revenues -- still has legs. Both firms missed the third wave, which has been dominated by Google.
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