Following are quotes and comments from leading corporate figures of IBM and Lenovo on Lenovo's acquisition of IBM's PC business:

Liu Chuanzhi, chairman of Lenovo, a leading IT company both in China and Asia

-- For a company from a developing country to acquire an international giant like IBM that embodies the American spirit, our risk is either we succeed, or fail.

-- The bigger the baby, the more difficult the delivery.

-- It has changed the structure of the global PC manufacturing business.

-- This acquisition will allow Chinese industry to make significant inroads on its path to globalization.

Yang Yuanqing, current president and chief executive officer of Lenovo

-- It's like putting a layer of earth, consolidating it, and then we putting another layer, to keep us from falling down.

John Joyce, IBM senior vice president and group executive of IBM Global Services

-- For employees, this represents an opportunity to join a vibrant and growing company and for investors this agreement represents an opportunity to reap the rewards of a growing company in a growing market.

-- In Lenovo we have a partner with powerful competitive capabilities in China and Asia and in consumer and desktop PCs.

Stephen M. Ward, Jr., who will become Lenovo Group's chief executive

-- Our two companies are a perfect fit sharing a common cultural commitment to innovation, customer service and shareholder value.

Michael Dell, chairman of top PC producer Dell

-- We're not a big fan of the idea of taking companies and smashing them together.

-- When was the last time you saw a successful acquisition or merger in the computer industry?