Lenovo

[pphilipko]

It looks as if Lenovo's doing much better than anyone would have thought -- the thinkpad division is actually turning in profits!


Lenovo profit leaps more than 1,000%
The Business Journal of the Greater Triad Area - 11:49 AM EDT Thursday, August 2, 2007

Lenovo, the world's No. 3 PC manufacturer, saw after-tax profits jump 13-fold in the second quarter on strong shipments of computers.

The company is planning a distribution center in Greensboro, boosted income in the quarter to $67 million, or 74 cents per diluted share - up from $5 million, or 6 cents per diluted share, a year ago.

Revenue increased 13 percent to $3.93 billion from $3.48 billion.

Sales were strong in all of the company's geographic areas, including the traditionally flagging Americas. PC shipments in the Americas jumped 15 percent year-over-year, and the segment accounted for $1.1 billion in consolidated revenue.

Lenovo, whose shares trade in Hong Kong, employs about 1,350 in the Triangle. [/b]

[sugo]

Widescreen effect??

[BillMorrow]

lets just say that in my experience IBM was its own worst enemy..
can i point to specific points..? not without a lot of thinking back 5 years or more..

it was always a wonder to me that the biggest computer name worldwide could not make a profit with the best laptop..

[andrzej]

!~ View from the Top: Bill Amelio, chief executive of Lenovo
!~ Published: August 3 2007 17:39 | Last updated: August 3 2007 17:39
!~ http://www.ft.com/cms/s/a78e998e-41cd-1 ... fd2ac.html
!~ Chrystia Freeland, Financial Times US managing editor, interviewed Bill Amelio,
!~ chief executive of Lenovo, on the subject of combining US and Chinese operations
!~ and the biggest problem facing the company’s supply chain.
!~ This is a transcript of the interview, which you may watch here.
!~ http://video.ft.com/viewfromthetop/