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  1. Lenovo sales set to pick up on policy support

    Posted Jul 14th 2009, 12:00am by Staff Reporter

    ... The group also cut executive pay up to 50 per cent and revamped its Asia-Pacific operations. That restructuring plan will generate savings of US$300 million in Lenovo's current financial year ... Bien Perez Computer maker Lenovo Group's sales in its core mainland market appear to be on the upswing, following two consecutive quarters of losses, analysts say. The world's ...

  2. Lenovo chief expects turnaround for computer maker within a year

    Posted Jun 14th 2009, 12:00am by Staff Reporter

    ... Woods Lee in Beijing Lenovo Group chairman Liu Chuanzhi yesterday said the company would emerge from its operational difficulties within a year if the global financial crisis did not worsen. 'Lenovo now stands at a turning point... but one year later, you will see a positive result,' Mr Liu said in a speech to the Wharton Global Alumni Forum in Beijing. ...

  3. Lenovo posts record loss for quarter as sales tumble

    Posted May 22nd 2009, 12:00am by Staff Reporter

    ... Bien Perez Lenovo Group is hoping for better days, including a return to steady growth and the listing of its shares on the mainland, after posting a record quarterly loss as a severe economic slump slowed sales worldwide. The world's fourth-largest personal computer supplier yesterday reported a worse than expected net loss of US$264 million in the quarter to March, ...

  4. Lenovo banks on mainland market to restore profitability

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... Woods Lee in Beijing Lenovo Group expressed confidence the domestic market will improve this year but is less upbeat on a revival in western markets in view of the global downturn as the company struggles to return to profitability. 'Consumers in the domestic market have been showing a stronger propensity to buy our products in the first quarter,' said chief executive ...

  5. Lenovo regional market share declines to 18.9pc

    Posted Oct 20th 2008, 12:00am by Staff Reporter

    ... Bien Perez Mainland information technology giant Lenovo Group lost market share during the third quarter, hurt by softening worldwide demand for personal computers, according to analysts. ... The Asia-Pacific personal computer market, excluding Japan, grew 12 per cent year on year in the third quarter to 20.2 million units, or 2 per cent short of forecasts, according to preliminary estimates ...

  6. Lenovo dives on fears of IT spending slowdown

    Posted Sep 02nd 2008, 12:00am by Staff Reporter

    ... Bien Perez The afterglow of its accomplishments in the Beijing Olympics has quickly faded for Lenovo Group with its share price tumbling yesterday over concerns that a slowdown in technology spending has spread to Asia and its core mainland market. The world's fourth-largest personal computer supplier saw its share price fall 6.42 per cent yesterday to a five-month low ...

  7. Computer fair closure in storm fuelled rush of last-day visitors

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... Joshua But Severe Tropical Storm Nuri brought an expected bonus for organisers of the Hong Kong Computer and Communications Festival. Visitors to the fair grew angry on Friday when the show closed four hours after opening, despite a pledge by organisers o ...

  8. Shareholder urges Lenovo to lead innovation

    Posted Jul 26th 2008, 12:00am by Staff Reporter

    ... Bien Perez What should have been a routine conclusion to Lenovo Group's annual general meeting yesterday turned into a shareholder's call for the world's fourth-largest ... urges new standard to aid mainland development of IT Of Lenovo Group's 1,196 registered shareholders, Hong Kong residents make up: 97.7% ...

  9. Sichuan quake, US woes to hit Lenovo sales

    Posted Jul 08th 2008, 12:00am by Staff Reporter

    ... Bien Perez Mainland computer giant Lenovo Group will see sales growth in its core domestic market slip in its fiscal first quarter, weighed down by the impact of the Sichuan earthquake, according to analysts. Add that to lingering slow demand in North America and the world's fourth-largest personal computer supplier could see lower than forecast global shipments and revenue ...

  10. Lenovo shares drop 6.8pc on slowdown worries

    Posted May 24th 2008, 12:00am by Staff Reporter

    ... Bien Perez Concerns over the global economy and profit taking by investors yesterday combined to punish the share price of computer maker Lenovo Group, which reported its eighth consecutive quarter of earnings growth on Thursday. The biggest fear might be that a slowdown in information technology spending will hit Lenovo where it hurts the most, its core market ...




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