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People Daily (Free subscription) | 05/22/2009
China's leading computer maker Lenovo Group reported a second consecutive quarterly loss on restructuring costs and a drop in its worldwide computer sales, Friday's China Daily reported. The world's fourth largest PC vendor posted a loss of 264 million U.S. dollars for its fiscal fourth quarter that ended March with its worldwide PC sales down 8.2 percent year on year due to weakening demand, dragging...
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The Triangle Business Journal (Free subscription) | 05/21/2009
Lenovo Group Ltd., China's largest personal computer maker announced its quarterly net loss was $264 million with revenue falling 26 percent when compared to same time last year.
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EE Times (Free subscription) | 05/21/2009
Lenovo Group Ltd. posted a second straight quarterly loss, missing analysts' forecasts as restructuring costs weighed, and said it expects an enduring industry slump to bring more pain in the coming year.
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Market Watch (Free subscription) | 05/21/2009
HONG KONG (MarketWatch) -- Lenovo Group Ltd. reported Thursday a fiscal-year net loss of $226.4 million, or 2.56 U.S. cents per share, compared to a year-earlier net income of $483.3 million, or 7.85 U.S. cents per share. Revenue for the 12-months ended March 31 totaled $14.9 billion, down 8.9% from the $16.4 billion a year earlier. Lenovo said it had a net loss of $264 million for the fiscal fourth...
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Pacific Epoch (Free subscription) | 05/13/2009
PC and electronics maker Lenovo Group (992.HK) will provide prizes for a promotional tournament of Tencent's (700.HK) in-house developed Q-style 3D online car racing game QQ Speed starting this weekend, reports 17173.com. Prizes for the weekly contests range from mobile storage devices to Lenovo...
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Pacific Epoch (Free subscription) | 05/11/2009
Lenovo Group (992.HK) expects to sell around 900,000 netbooks in 2009, to account for over 35% of the Chinese netbook market, 163.com reported May 11 quoting Lenovo Consumer Laptop General Manager Zhang Hua. The company hopes to provide 30% of China Mobile's (NYSE:CHL, 941.HK) customized TD-SCDMA netbooks,...
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Business Wire (Free subscription) | 05/07/2009
RENO, Nev.--(BUSINESS WIRE)--PC-Doctor Inc., the global leader in PC system health and diagnostic software, today announced the appointment of former Lenovo Group executive Steve Petracca as chief executive officer,
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Pacific Epoch (Free subscription) | 03/05/2009
Lenovo Group (992.HK), HP (NYSE:HPQ) and Dell (Nasdaq:DELL) are among the 14 computer manufacturers who won entry into China's rural appliance subsidy program on March 5, reports Sina. A-shares listed companies Founder Technology (600601.SH) and Tsinghua Tongfang (600100.SH) are also among the companies...
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DealBook (Free subscription) | 02/17/2009
Positivo Informatica, Brazil's biggest computer maker, surged 79 percent in São Paulo trading on speculation that the Lenovo Group had increased its buyout offer. Lenovo, the biggest maker of personal computers in China, bolstered its offer to 31 reais ($13.90) a share from 18 reais ($8.07), said Décio Pecequilo, senior trader at TOV Corretora in [...]
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inFlightHQ (Free subscription) | 02/17/2009
Lenovo Group Ltd and Research In Motion Ltd., have created an accessory card that will download e-mail through the owner’s BlackBerry, even when the computer is off or asleep. This from Salon: That means that when the ThinkPad boots up, new e-mail will already be loaded. There’s no need to establish a secure Internet connection to [...]
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Pulse2 (Free subscription) | 02/17/2009
Lenovo Group Ltd. and Research In Motion Ltd. (RIM) are coming together on a project that will have the BlackBerry automatically sync new e-mail to ThinkPad laptops. RIM manufactures the BlackBerry devices and Lenovo manufactures the ThinkPad laptops. The laptop will require a “Lenovo Constant Connect” card in order for it to work. The e-mail [...]
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The Industry Standard (Free subscription) | 02/16/2009
NEW YORK (AP) — Even with it is turned off, a new ThinkPad laptop will be able to talk to a BlackBerry phone so their owner will be able to read and send e-mail faster, the companies behind the devices planned to announce Monday. Lenovo Group Ltd., maker of the ThinkPad, and Research In Motion Ltd., maker of the BlackBerry, have together created an accessory card for the laptops that will wirelessly...
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Pacific Epoch (Free subscription) | 02/12/2009
Former Lenovo Group (992.HK) Consumer Laptop Vice President Zhang Hui joined Beijing-based computer distributor Tengchuang Technology as president on February 1, reports Sina. Zhang worked at Lenovo from 1993 until his resignation in December 2008. Tengchuang Technology also recruited former Lenovo Consumer...
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Reuters UK (Free subscription) | 02/06/2009
HONG KONG, Feb 6 (Reuters) - Shares in Lenovo Group Ltd , rose sharply on Friday as the market welcomed the PC maker's announcement of a management reshuffle and a move to strengthen its focus on China. As of 0723 GMT, the stock was up more than 10 percent at HK$1.61, off the day's high of HK$1.67 but still outperforming the benchmark Hang Seng Index, which had only gained 2.2 percent.
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Charlotte Observer: Breaking News (Free subscription) | 02/05/2009
(Associated Press) PC maker Lenovo Group announced a $96.7 million quarterly loss Thursday due to a drop in sales amid global turmoil and said CEO William J. Amelio resigned in a management reshuffle. Amelio will be succeeded as chief executive officer by chairman Yang Yuanqing, Beijing-based Lenovo announced. Yang said the company, the world's fourth-largest PC manufacturer, will try to increase its...
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