Not Good News: Lenovo Expects Loss, Plans Job Cuts of 11%

General Questions, Rumors, Real news & More
Post Reply
Message
Author
mpcook
ThinkPadder
ThinkPadder
Posts: 1074
Joined: Tue May 25, 2004 6:58 pm
Location: Loveland, OH USA
Contact:

Not Good News: Lenovo Expects Loss, Plans Job Cuts of 11%

#1 Post by mpcook » Thu Jan 08, 2009 7:04 pm

Lenovo forecasts a loss for the quarter and will cut 11% of its work force and slash executive pay, as reported in today's Wall Street Journal. The rest of the news about Lenovo in this article is just as depressing. Stock in the tank, market share is declining, etc.

http://online.wsj.com/article/SB1231383 ... od=testMod

(May require subscription)
Current: 2 x W520 ET, 3 x X220 i7, T420, X230 i5, T420s, MacbookPro, Dell Venue 11 Pro
Past: IBM5150-8088 500 600E 600X T20 T21 5xT23 X30 3xX31 X32 T40 T42 3xT43 T43p SL510 T60p X60T X60s T61 2xT400 T410si T400s T500-3.06GHz X200 X201 X220i5 X220i7 2xT420s

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “GENERAL ThinkPad News/Comments & Questions”

Who is online

Users browsing this forum: No registered users and 5 guests