Lenovo sees Q3 profits soar, sells mobile phone business
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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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Lenovo, the world's third-biggest personal-computer maker, returned to profit in the fourth quarter. Net income was $60.1 million in the three months that ended March 31, compared with a $116 million loss a year earlier.  (c) 2007 International Herald Tribune.
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An increase in sales of high-end handsets and general growth in the cell-phone market helped give Sony Ericsson a better-than-expected third quarter.
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The shares sold by IBM represent 3.5% of Lenovo's outstanding shares and are worth HK$960 million.
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By MATTI HUUHTANEN    HELSINKI, Finland  -- Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading...
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Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said
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By Lillian Liu  HONG KONG: Lenovo Group Ltd, China's top personal computer (PC) maker, has posted its best quarterly results since purchasing IBM's PC arm in 2005.
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Qualcomm Inc. on Friday raised its  quarterly profit forecast due to strong demand for its mobile  phone technology.
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DALLAS -- Third quarter profits at Texas Instruments Inc. grew by $116 million from a year ago due to rising demand for its chips used in high-end mobile phones and digital light processing systems for big-screen televisions.
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A Chinese company has become the third largest PC seller in the world by buying IBM&#39;s personal computer business. Lenovo has bought the business for USD 1.25 billion, of which USD650m is in cash and the rest in Lenovo shares.
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Nextel Communications Inc., the sixth  largest U.S. mobile company, on Friday said its third-quarter  profit rose amid strong customer growth and it raised its  earnings forecast for the full year.
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Handheld computer maker palmOne Inc.  PLMO.O on Monday posted a quarterly profit, versus a loss a  year earlier, on stronger revenue spurred by solid sales of its  Treo 600 mobile phone and other digital devices.
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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.
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BERLIN Fujitsu Siemens Computers, the No.3 seller of PCs in Europe, said Wednesday that revenue and profit surged in the six months through September as sales to small businesses increased amid a revival in corporate technology spending.
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U.S. computer firm IBM  raised US$123 million by selling about 3.5 percent of number three global PC maker Lenovo Group Ltd. , a term sheet showed, triggering a 7 percent share slide before a suspension kicked in.
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Lenovo, the Chinese computer maker which is buying IBM's PC arm, has seen profits growth stall as domestic sales slow.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.