InfoAnda - Lenovo profit beats estimates but China slowdown a risk |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US executions down by half over past decade: report | 18 December 2009
UK opposition says Labour victory would weaken pound | | 2 March 2010
Samsung countersues Apple over iPhone, iPad | | 23 April 2011

Wave hits tanker in mid-Atlantic, two killed | | 31 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Lenovo profit beats estimates but China slowdown a risk |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Video Reuters TV Reuters News Article Comments (0) Pictures The future of flight Looking at the next generation of air travel. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Britain warns Ecuador it could enter embassy to get Assange 15 Aug 2012 UPDATE 2-US hypersonic aircraft crashes seconds into military test flight 15 Aug 2012 Militants attack major Pakistan air base; 9 killed | 4:18am EDT Stylus, split-screen stand new Samsung tablet apart 2:25am EDT Dallas mayor declares emergency over West Nile virus 15 Aug 2012 Discussed 138 Obama’s lead over Romney grows despite voters’ pessimism 122 Romney to announce vice presidential choice Saturday 94 Analysis: Are Israelis tough enough for a long war with Iran? Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Life without sight A glimpse at the lives of visually impaired children and adults. Slideshow Quakes hit Iran The aftermath of two powerful quakes in northwest Iran. Slideshow Lenovo profit beats estimates but China slowdown a risk Tweet Share this Email Print Related News Nvidia rides Tegra wave, beats on revenue outlook Thu, Aug 9 2012 HP braces for huge loss after $8 billion EDS writedown Wed, Aug 8 2012 Smartphones power record Samsung profit of $5.9 billion during Apple lull Fri, Jul 27 2012 Apple blames rare miss on new iPhone anticipation, economy Wed, Jul 25 2012 Apple's rivals swoop as iPhone China sales flag Wed, Jul 25 2012 Analysis & Opinion Japan Incâ€™s earnings tell worrisome global story BYD caught in two Chinese economic traps Related Topics Tech » Media » Customers talk to a salesperson about a new laptop at a Lenovo shop in Shanghai February 17, 2011. Credit: Reuters/Aly Song By Lee Chyen Yee HONG KONG | Thu Aug 16, 2012 2:52am EDT HONG KONG (Reuters) - Lenovo Group Ltd, the world's No.2 PC maker by sales, reported a better-than-expected quarterly profit, pushing its shares to a seven-week high, but analysts warned a slower Chinese economy could cut into its performance. The ThinkPad maker, close to overtaking Hewlett Packard Co for the top spot, has risen quickly on the global PC stage due to aggressive pricing, overseas acquisitions and a fast-growing home market. These rapid gains in market share, however, have come at the expense of margins, with profits growing at their slowest pace in more than a year. Lenovo, with a market value of $8.2 billion, also faces slowing growth in the market for personal computers and tough competition from the likes of Apple Inc and Samsung Electronics Co Ltd in the fast-growing tablet PC and smartphone space. "In China for sure they are also affected because as a whole, the Chinese market has softened," said Jonathan Ng, an analyst at CIMB in Singapore. The booming Chinese market has been Lenovo's main sales driver, contributing around 42 percent of its total revenue, but the outlook is overshadowed by slowing growth that has sapped demand and led to a series of profit warnings by Chinese firms. Lenovo's unit shipments in China grew 9 percent in the first quarter compared with a year earlier, outpacing a decline of 3 percent in the overall China PC market. The company expressed confidence it would grow faster than the worldwide PC market and was on track to become the leader in the PC industry. "China's macro economy has shown some uncertainty because of real estate bubble controls and weak exports ... but from a long-term point of view, I'm still very optimistic," said Chairman and CEO Yang Yuanqing. Lenovo on Thursday posted a net profit of $141.4 million for its April-June first quarter, up 30 percent from $108.8 million a year earlier. The net profit growth was the slowest since the third quarter of fiscal 2010/2011, when the pace was about 25 percent, based on previously announced data, mainly due to lackluster demand in some emerging markets and North America. Still, the result was better than an average forecast of $131.2 million in a poll of 10 analysts by Thomson Reuters I/B/E/S, sending its shares up as much as 6.8 percent to a seven-week high. PROFIT MARGIN Lenovo's profit margin has been lagging those of rivals such as Dell. Its gross profit margin was down 0.5 percentage point in the first quarter from 12.5 percent a year earlier due to price competition in emerging markets and China, though it was up from 11.7 percent in the previous quarter. While there is ample room for growth in China's second- and third-tier cities, lower disposable income levels would likely continue to pressure profit margins, analysts said. In July, Lenovo and the United States' EMC Corp signed a partnership to develop servers and storage products, with the alliance allowing EMC to expand its reach in China. Analysts said the move was aimed at boosting Lenovo's margins in the long term. In the first quarter, operating profit in North America was $46 million, against an operating profit of $52 million a year earlier. In its money-losing smartphone business, Lenovo, which makes LePhone handsets, said it expects to see a profit in coming quarters. In another move to try and boost margins, Lenovo executives told a media briefing the company aimed to sell more of its LePhones in the open market rather than relying on Chinese carriers because margins are three times higher. Lenovo, which became the world's No.2 PC vendor in the third quarter of 2011, is just a sliver from overtaking Hewlett Packard as the top PC maker globally. In the April-June quarter, Lenovo had a 14.9 percent global market share, just 0.6 percentage point away from HP's 15.5 percent, research firm IDC said. Figures from industry tracker Gartner show an even narrower gap, with Lenovo just 0.2 percentage point from HP. A series of deals, including acquiring Germany's Medion and forming a joint venture with Japan's NEC Corp last year, as well as its acquisition of IBM Corp's PC business in 2005, also helped Lenovo gain market share. Its acquisition record has sparked rumors that it may try to acquire troubled handset makers such as Nokia Oyj and BlackBerry maker RIM, though Lenovo has so far denied such plans. The earnings came before the stock market opened on Thursday. The stock was up 5.5 percent at HK$6.55 at the midday break, outpacing a 0.3 percent gain in the benchmark Hang Seng Index. Lenovo shares have climbed about 20 percent so far this year, outpacing rivals such as HP, Dell Inc and Acer Inc. (Editing by Chris Gallagher and Anne Marie Roantree) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 16 August 2012
Ecuador says UK threatens to raid embassy over Assange |
Iraq car bombs, blast kill 9, wound 34: sources |
Czech Senate vetoes flagship church restitution bill |
Egypt general's paper offers insight into thinking |
UAE tells its citizens to leave Lebanon immediately: state news agency |
Cisco raises dividend, 4th quarter results beat Street |
Cheap and cheerful, Chinese phones outsmart Apple |
Analysis: Facebook insider lockup ending, share impact seen muted |
Regulators OK T-Mobile testing of shared use of airwaves |
Applied Materials revenue meets low expectations |
Robert Pattinson in surreal bubble, in and out of Cosmopolis |
Talk show host Jimmy Kimmel engaged to marry |
Bass player for Elton John found dead of apparent suicide |
Now! 43 keeps new entries from Billboard 200 top spot |
Zombies get new lease of life in ParaNorman |
Lebanon kidnap fans fear of Syria spillover |
Militants attack major Pakistan air base; 9 killed |
Israel suspects rocket fire caused explosions near Egypt border |
Britain threatens to storm Ecuador embassy to get Assange |
Jet on U.S.-Russia flight lands in Iceland after bomb threat |
Japan considers deporting China activists to defuse feud: media |
Organization of Islamic Cooperation suspends Syria |
French police make first arrests after Amiens riots |
Indonesia president says corruption threatens economic growth |
Jihadist group warns Egyptian army over Sinai crackdown |
Stylus, split-screen stand new Samsung tablet apart |
Apple in talks with cable TV networks over set-top box -WSJ |
NZ court rules FBI must show Megaupload founder evidence |
Born from Japan disasters, Line app sets sights on U.S., China |
Big retailers team up on mobile payments plan |
Intel, Apple leading charge against conflict minerals: report |
Lenovo profit beats estimates but China slowdown a risk |
Grammy Museum unveils tribute to Whitney Houston |
Taylor Swift new single on track for record downloads |
Bass player for Elton John found dead of apparent suicide |
Seven U.S. troops among 11 dead in Afghan helicopter crash |
Peres says Israel can't go it alone in Iran, trusts Obama |
Jet on U.S.-Russia flight lands in Iceland after bomb threat |
Ecuador grants asylum to Assange, angering Britain |
Iraq blasts, shootings kill 21, wound scores |
South Africa police fire on striking miners, several dead |
UK queen's husband responds well to hospital treatment |
Insight: Zimbabweans suffer under auctioneer's hammer |
Eurozone shuttle diplomacy to pick up pace before critical month |
IBM to buy Texas Memory Systems |
In China, cheap and cheerful phones outsmart Apple |
Cisco still pessimistic on Europe, raises dividend |
McCartney hopes Russia won't punish punk band |
Dandy and Desperate Dan digital-only from December |
Bass player for Elton John found dead of apparent suicide |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01