Lenovo swallows tasty profit
236957
Waves goodbye to Mary Ma, says hello to US Chinese computer maker Lenovo said its profits grew by more than 600 per cent in the fourth quarter.â¦
184933
&quot;On behalf of the Board of the Lenovo Directors I am honored to announced to the world that Lenovo Group has bought IBM&#39;s PC division for US$1.25 billion.
502659
China's largest manufacturer of personal computers Lenovo Group said it has bought IBM's PC business for 1.25 billion dollars, making it the world's number three in the intensely competitive field.
154440
The computer maker's earnings hit estimates but investors hoped for more.
757206
Chinese computer maker Lenovo suspends trade in its shares in Hong Kong as reports link it to $2bn deal for IBM's PC  business.
221282
PalmOne (nasdaq: PLMO - news - people ) report fiscal first-quarter results well above analysts&#39; estimates. The maker of handheld computers reported revenue of $273 million and earnings of 43 cents per share
575714
Two years ago, I got an inside look at operations at Lenovo Group, the Chinese computing giant that is expected to form a joint venture with IBM to sell PCs worldwide.
590062
PC maker sees potential profit at the end of the tunnel, boosted by new sales strategy.
597086
Lenovo Group Ltd. will purchase IBMâs personal computer business for $1.25 billion including $650 million in cash and $600 million in stock plus $500 million of debt assumption.
496991
Falling prices of flat-panel displays hit revenues and profits at Fujitsu, the Japanese electronics company.
77932
This week, IBM said it is selling off most of its PC division to Lenovo, China&#39;s No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term.
670607
Squeezed at home, China's biggest computer maker, Lenovo, is buying IBM's money-losing PC business. But venturing abroad is fraught with risk
167162
You didn't get our email? IBM hit Lenovo with a jarring share sale, unloading $123m of stock in the PC maker.â¦
755467
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.Lenovo&#39;s sales during the quarter came to $4.6 billion, up 15 percent over the same quarter a year earlier, the company said in a filing with the Hong Kong stock exchange on Thursday. The company reported net income of $172 million for the quarter, compared to $58 million a year earlier.The results announcement came late. Lenovo was originally scheduled to report its financial results on Wednesday, but missed a filing deadline with the Hong Kong stock exchange that forced the company to delay releasing its results by one day, it said in a statement.Third-quarter PC shipments rose 22 percent compared to the previous year, which Lenovo said outpaced the industry average of 16 percent. That growth likely grew Lenovo&#39;s share of the global PC market from 7.1 percent to 7.5 percent, the company said.China continued to be Lenovo&#39;s strongest market, with shipments up by 25 percent during the third quarter. Strong desktop PC sales boosted shipments in the Americas by 15 percent, while the company saw 24 percent growth in Europe, the Middle East, and Africa. Strong demand in India helped boost shipments in Asia-Pacific, excluding China, by 20 percent, it said.Looking ahead, Lenovo noted that the economic outlook is uncertain, but said continued strong demand for PCs in Asia and emerging markets elsewhere means PC shipments will continue to see double-digit growth. The company is counting on the expansion of consumer PC and server sales into markets outside China to give it a boost in the months ahead.Lenovo also announced plans to sell its mobile-phone business, which saw phone shipments decrease by 31 percent during the fiscal third quarter. A group of private-equity investors will buy the business in a deal valued at $100 million, Lenovo said in a separate filing with the Hong Kong stock exchange.
253938
Shares in Lenovo , which bought IBM's ailing personal computer business in 2005, dived more than 14 percent on Wednesday after a broker cut the Chinese firm to sell on growing fears of a U.S. recession.
364746
Lenovo Group Ltd  is set to post a doubling in quarterly earnings on strong demand from Asia, and the outlook benefits from the world's No.4 PC maker being least vulnerable among its rivals to a U.S. slowdown.
506591
Lenovo Group Ltd., a Chinese technology giant that has agreed to buy IBM's personal computer division, reported Friday a slight rise in net profit in its fiscal third quarter, citing lower revenue despite strong sales of notebook computers.