** Lenovo Group Ltd. ** Stock Price and Company NEWS

[BillMorrow]

Lenovo Group LtdOTC:LNVGY

Bid 7.80Ask 7.90 B/A Size 500 x 500 High 0.00 Low 0.00 Vol. 0 (Opening 14-dec-2006)

Latest News

Lenovo Names Cuong Do Senior Vice President and Chief Strategy Officer; Creates New Business Transformation Organization
8:31a ET December 14, 2006 (Business Wire)
Lenovo today announced the appointment of Cuong Do as senior vice president and Chief Strategy Officer. He reports directly to William Amelio, CEO, and is responsible for the company's worldwide strategic direction. Cuong replaces Yibing Wu, who has been appointed to head the company's business transformation. Wu will continue to report to Amelio.

Do, 40, was most recently director and senior partner at McKinsey & Company, where he led consulting assignments in strategy, sales, marketing, operations and corporate finance. Do has broad experience working with technology leaders in semiconductors, computing and consumer electronics, and was a leader of McKinsey's global Corporate Finance practice.

During his 17-year career at McKinsey, Do has lived and worked in a number of locations in Asia and Europe, including Japan, India, France and Germany, and in an earlier role, helped build McKinsey's marketing and healthcare practices.

"Cuong has helped improve the performance of many leading international businesses," said Amelio. "His experience will help us as we continue to build our company worldwide, and our customers will benefit from his ability to get results."

Do holds undergraduate and MBA degrees from Dartmouth College, and currently serves on the MBA board at the Tuck School at Dartmouth, and on the boards of Celebrate the Children and the National Youth Science Foundation.

The company's new business transformation organization will focus on coordinating and driving process improvements and operational efficiencies in such areas as configure-to-order, customer relationship management, and supply-chain processes, and will work closely with the company's strategy and IT organizations.

About Lenovo

Lenovo (HKSE:992) (ADR:LNVGY) is dedicated to building the world's best engineered personal computers. Lenovo's business model is built on innovation, operational efficiency, and customer satisfaction, as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable high-quality, secure and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information about Lenovo, see www.lenovo.com.

SOURCE: Lenovo

Commentary:
This stock is traded on the Hong Kong Stock Exchange.
Currently I own no shares in Lenovo Group, Ltd.
I might buy 100 shares, just for fun..

[K. Eng]

http://www.theinquirer.net/default.aspx?article=37448

IBM sold 300 million shares at a fairly low price, triggering a seven per cent share slide before there was a suspension in sales.

The sale reportedly generated $123M in profit for IBM.

http://www.itworld.com/Tech/2428/070206ibmlenovo/

Prior to the reported sale, IBM held a 13.2 percent stake in Lenovo, making it the company's second-largest shareholder. The sale of shares -- estimated at 3.5 percent of Lenovo's total shares -- will reduce IBM's holdings to 9.7 percent.

[rleo25]

Don´t get fast conclutions on this move, dumping shares is in pursuit of strategic objectives... maybe IBM wants to have a largest piece of the cake in the near future... who knows?