Lenovo third-largest computer maker worldwide by volume. In regards to the purchase of IBM's personal computer division, Liu Chuanzhi said, "We benefited in three ways from the IBM acquisition. We got the ThinkPad brand, IBM's more advanced PC manufacturing technology and the company's international resources, such as its global sales channels and operation teams. These three elements have shored up our sales revenue in the past several years." IBM acquired an 18.9% shareholding in Lenovo in 2005 as part of Lenovo's purchase of IBM's personal computing division. Since then, IBM has steadily reduced its holdings of Lenovo stock. In July 2008,
Lenovo 3000 Lenovo 3000 Lenovo 3000 was a line of low-priced notebook and desktop computers designed by Lenovo Group targeting small businesses and individuals. It was replaced with the IdeaCentre and IdeaPad brands. The Lenovo 3000 series marked the debut of Lenovo branded products outside of China. First showcased in New York City on 23 February 2006, the line was intended to boost Lenovo's competitiveness internationally against rival brands like Dell and Hewlett-Packard. In addition, the 3000 series gave the company an independent identity: an identity separate from the Thinkpad line that Lenovo acquired in 2005 and defined its Westernised image since