Chinese PC maker Lenovo slides into the red in Q4
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Lenovo Group Ltd. (0992.HK), the  world&#039;s third-largest computer maker, swung to a much  sharper-than-expected loss in the fourth quarter, after paying  &#36;1.25 billion for IBM&#039;s  PC arm in 2005.
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In unloading its personal computer business for $1.75 billion to a Chinese company, IBM managed to keep the division's most profitable pieces -- services and support. The onus is now on buyer Lenovo Group Ltd. to improve the businesses' notoriously thin profit margins, and the skeptics are many.
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By Mark Lee  Shares of Lenovo Group, the maker of personal computers, rose Tuesday after a report said that the company might cut 1,000 jobs to reduce costs.  The stock rose 1.3 percent to 3.13 Hong Kong dollars, or 41 U.S.
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InfoWorld - Lenovo Group said its net income almost tripled during its third fiscal quarter, thanks to strong demand for its computers and a weak U.S. dollar.
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Squeezed at home, China&#39;s biggest computer maker, Lenovo, is buying IBM&#39;s money-losing PC business. But venturing abroad is fraught with risk.
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On 7 December 2004, IBM and China&#39;s Lenovo announced that Lenovo will acquire IBM&#39;s PC business for a total of $1.75 billion in cash and shares.
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IBM has sold its computer making business to Lenovo Group, the Chinese technology company, in a $1.75 billion (Â£900 million) deal, signalling an exit from the PC market it helped create in the 1980s.
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CHINA&#39;S largest manufacturer of personal computers Lenovo Group has confirmed it is in acquisition negotiations with a major information technology company, widely believed to be IBM.
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Waves goodbye to Mary Ma, says hello to US Chinese computer firm Lenovo said its profits grew by more than 600 per cent in the fourth quarter.â¦
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China's role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM's personal computer business.
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TOKYO - China's Lenovo Group Ltd. is in talks with a major international IT company regarding an acquisition, it said in an announcement to the Hong Kong Stock Exchange on Tuesday. The other party was not named.
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Lenovo Group Ltd.  posted its strongest pace of quarterly earnings growth since it bought IBM's loss-making PC arm in 2005, as the world's No. 3 PC maker cemented Asian market share and held costs down.
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Chinese PC maker unveils a line of consumer-focused notebooks, but this might not be the best time for it to be making such a market leap.Lenovo's IdeaPad notebooks
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Lenovo Group Limited, a Personal Computer brand in China and across Asia has announced a definitive agreement under which Lenovo will acquire IBM&#39;s Personal Computing Division to form the world&#39;s third-largest PC business, bringing IBM&#39;s enterprise-class
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Squeezed at home, China's biggest computer maker, Lenovo, is buying IBM's money-losing PC business. But venturing abroad is fraught with risk
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Recall makes Lenovo the fourth major PC manufacturer to haul notebooks back due to battery issues.
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Chinese PC vendor Lenovo announced its acquisition of IBM&#39;s Personal Computing Division (PCD) for a combination of cash and stock totaling US$1.25 billion.