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Lenovo Group (LNVGY)
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Qualcomm's New Gobi2000 Technology to Deliver 3G Connectivity in Lenovo ThinkPad Laptops
PR Newswire  Nov 20  Comment 
SAN DIEGO and RESEARCH TRIANGLE PARK, N.C., Nov. 20 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM) and Lenovo Group (HKSE: 0992) today announced that Lenovo will incorporate Qualcomm's new Gobi2000(TM) technology into upcoming
Lenovo Introduces Secure Managed Client Solution 2.0
Business Wire  Nov 17  Comment 
Lenovo today announced Secure Managed Client (SMC) 2.0, the newest version of the PC industry’s only storage-based fleet management solution. The latest version of SMC offers IT managers increased security and new manageability tools, while
IT Dept PCs show PoK part of Pak
The Times of India  Nov 16  Comment 
The latest jolt to bilateral bonhomie comes in the form of a distorted map installed as a wallpaper in the laptops supplied to the Income Tax department by the China-headquartered Lenovo.
Qualcomm Unveils Lenovo Smartbook
Forbes  Nov 12  Comment 
Super lightweight computing device will play Flash video, run on AT&T.
6 hot-new Windows 7 laptops
The Times of India  Nov 10  Comment 
From Sony to Lenovo, Acer to HP, PC makers are ready with a slew of Windows 7 laptops.
[$] Lenovo's Home Court Advantage
Wall Street Journal  Nov 5  Comment 
Lenovo's strategy of refocusing on the Chinese market is starting to show some return. But its domestic dominance has raised a new problem too.
Lenovo returns to profit
Financial Times  Nov 5  Comment 
Lenovo, the world’s number four PC brand, blows past market expectations for quarterly profit on strong China sales as technology spending rebounds
Lenovo Q2 net more than doubles, beats forecasts
Reuters  Nov 5  Comment 
Lenovo’s Quarterly Net More Than Doubles
New York Times  Nov 5  Comment 
Lenovo fiscal Q2 net income $53.1 million
MarketWatch  Nov 5  Comment 
Lenovo Group [s; lnvgy] said Thursday net income for the fiscal second quarter ended Sept. 30 more than doubled from a year earlier, reversing from losses in the three consecutive quarters, lifted by a surge in consumer demand for PCs in China...
Lenovo Reports Second Quarter 2009/10 Results
Business Wire  Nov 5  Comment 
Lenovo Group today reported results for its second fiscal quarter ended September 30, 2009, reaching its highest worldwide market share ever, lowest expense to revenue since the acquisition, while achieving a return to profitability. During the
Lenovo: Win7 beats Linux in netbooks
EE Times  Nov 3  Comment 
Improvements in Windows 7 will make it less likely notebook makers will adopt Linux-based operating systems, said a technology executive at Lenovo, but the notebook giant will evaluate new alternatives including Google's Chrome OS.
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LNVGY AT A GLANCE
 
 
 
 
 
 
 
 


Trends and Forces

Global Brand

Lenovo, China’s biggest personal computer-maker, reported a 65% jump in first-quarter profit yesterday (Thursday), thanks primarily to strong performances in its European/Middle East/Africa (EMEA) marketing region.

Lenovo said net income climbed to $110.5 million, or $1.15 a share, for the three months ended June 30, a hefty jump from earnings of $66.8 million, or 74 cents a share, a year ago. Sales from continuing operations rose to $4.2 billion, from $3.81 billion the year before.

The gains came despite an overall sales decline of 4.8% in the company’s Greater Americas Region, which included a decline in the U.S. market.

"Despite a softening global economy, we delivered solid gains in worldwide sales, PC shipments and profits, achieving our seventh consecutive quarter of profitable growth with positive operating results in our international business," said Chairman Yang Yuanqing.

Revenue in the EMEA marketing region jumped 20% to $903.8 million. Lenovo’s PC shipments to these markets rose 26% in the quarter.[1]

Moreover, Lenovo was one of the main official sponsors for the Beijing Olympics, thereby gaining significant brand value.

Competition

Lenovo’s overall share of the global PC market slipped from 8% a year ago to 7.9%. The company remains the world’s fourth-largest PC vendor, trailing Hewlett-Packard Co. (HPQ), Dell Inc. (DELL), and Taiwan’s Acer Inc.





References

  1. ↑ [Money Morning Report]
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