William Amelio

Lenovo seeks to grow sales of new gadget line

Mainland computer giant Lenovo plans to aggressively increase sales of its fledgling line of smartphones, media tablets and new smart television products after posting record revenue and market share gains in its last fiscal year ended March.

Thursday, 24 May, 2012, 12:00am

Sale of Lenovo unit approved

Disposal of mobile-phone business part of expansion plan

Mainland computer giant Lenovo Group saw its international expansion strategy move on to the fast track, as shareholders gave their approval to disposing of the company's money-losing mobile-telephone business.

18 Mar 2008 - 12:00am

Lenovo eyes global push as earnings surge 12-fold

PC giant posts surprise first-quarter profit of US$67m

Lenovo Group, the world's third-largest personal computer supplier, will sharpen its focus on the international consumer market next year, emboldened by a fiscal first-quarter net profit that grew a better than expected 12-fold thanks to robust sales to small businesses.

3 Aug 2007 - 12:00am

Mary Ma ends 17-year career with Lenovo

The retirement of Mary Ma Xuezheng, one of the mainland's highest-profile businesswomen, as a senior vice-president and chief financial officer of Lenovo Group effectively ends a 17-year career with the world's third-largest computer manufacturer.

25 May 2007 - 12:00am

Lenovo boasts 625.5pc increase in net profit

Lenovo Group, the mainland's largest personal computer maker, will push for more aggressive marketing to consumers and developing markets worldwide to sustain a fourth-quarter return to profitability and robust market-share gains worldwide.

24 May 2007 - 12:00am

Lenovo to cut workforce in restructuring

Shares of Lenovo Group rose to a three-week high yesterday after the personal computer maker unveiled a corporate restructuring that would cut or redeploy about 5 per cent of its global workforce in hopes of saving US$100 million this business year.

The South China Morning Post first reported about the planned shake-up in late February.

21 Apr 2007 - 12:00am

Lenovo earnings increase 23pc

Strong growth in India and Germany offsets continuing loss in Americas

Lenovo Group, China's biggest personal-computer maker, said third-quarter net profit rose 23 per cent after strong growth in India and Germany offset a continuing loss in the Americas.

2 Feb 2007 - 12:00am

IBM revamp cuts Lenovo profit 89pc

Computer giant seen facing uncertainty in second quarter amid a potential price war with Dell planning discounts

Lenovo Group, the world's third-largest personal computer maker, yesterday reported an 89 per cent fall in its first-quarter profit due to restructuring costs at the personal computer unit it bought from International Business Machines (IBM).

4 Aug 2006 - 12:00am

Lenovo profit dives in wake of IBM purchase

Lenovo Group's net profit dived 84.53 per cent to $173.23 million in the first financial year since it bought IBM's computer business.

26 May 2006 - 12:00am