InfoAnda - Lenovo quarterly net profit more than triples |

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

FCC set to back Internet traffic rules | | 21 December 2010
Australia plans to ship refugees to Timor | 6 July 2010
Obama won't release bin Laden photos, cites risks | | 5 May 2011

Motorola hopes for Android tablet early next year | 16 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : Lenovo quarterly net profit more than triples |

Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Hedge fund star calls for Microsoft's Ballmer to go 25 May 2011 Top war crimes suspect Mladic arrested in Serbia | 11:40am EDT Arizona executes convicted child killer 10:19am EDT Hedge fund star Einhorn calls for Microsoft's Ballmer to go 11:45am EDT Apple fights fake anti-virus software vendors 5:22am EDT Discussed 329 Obama and Netanyahu face tense meeting on Mideast 127 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by Watched Ultra-realistic robots test our relationship with machines Wed, May 25 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Zynga buzz grows 4:15am EDT Lenovo quarterly net profit more than triples Tweet Share this By Lee Chyen Yee HONG KONG (Reuters) - Lenovo Group Ltd, the world's No.4 PC brand, more than tripled its fourth-quarter net profit, beating forecasts on robust demand from commercial customers and making up for a slowdown in the consumer... Email Print Related News Lenovo faces tablet PC supply shortage: CEO 6:32am EDT Analysis & Opinion Tech wrap: Sony takes a $3.2 billion beating The LinkedIn IPO debate Related Topics Technology » Media » iPad » A salesperson waits for customers at a Lenovo shop in Shanghai February 17, 2011. Credit: Reuters/Aly Song By Lee Chyen Yee HONG KONG | Thu May 26, 2011 10:05am EDT HONG KONG (Reuters) - Lenovo Group Ltd, the world's No.4 PC brand, more than tripled its fourth-quarter net profit, beating forecasts on robust demand from commercial customers and making up for a slowdown in the consumer sector. Lenovo reported a net profit of $42.13 million in the January-March quarter, up from $12.8 million a year earlier, according to Reuters calculations based on full year results. This was better than expectations for a $36.7 million net profit, based on a survey of 23 analysts polled by Thomson Reuters I/B/E/S. "Momentum in commercial PC demand has gradually picked up, benefitting from the corporate refresh cycle, while consumer PC demand weakened due to a worsening macroeconomic environment and increasing competition from tablet products," the company said in a statement to the Hong Kong stock exchange. The rising popularity of smartphones and tablets, such as Apple's iPhone and iPad, has eaten into PC sales by vendors such as Hewlett-Packard, but Lenovo hopes to expand its share of the mobile market with its LePhone smartphone and LePad tablet PC. For the fiscal year that ended March, Lenovo's net profit totaled $273.23 million, also higher than a consensus forecast of $267.8 million. Lenovo's results came a week after rivals Dell delivered stellar quarterly results and Hewlett-Packard disappointed markets by slashing its 2011 earnings forecasts. China continued to be the star performer, accounting for 46.4 percent of the company's sales as it looked to smaller cities and rural areas to continue growing. However, operating margins fell 0.5 percentage points to 5.1 percent due to higher marketing costs from the LePhone and LePad mobile products, the company said. Like its rivals, Lenovo has been looking to mobile products as PC computers become increasingly commoditized and tablets begin cannibalizing demand, squeezing margins and hurting the bottom line of peers such as Taiwan's Acer. Feature phone shipments grew 40 percent from the preceding year, Lenovo said, helping it grow its market share to 4.7 percent in China. Lenovo shares fell 11 percent in January-March, lagging a 2.1 percent gain in the benchmark Hang Seng Index. On Thursday, Lenovo's shares were up 0.7 percent before the results were announced, compared with the Hang Seng's 0.67 percent rise. (Editing by Matt Driskill and Jacqueline Wong) Technology Media iPad 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 directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. 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. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook 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, 26 May 2011
Mexico nabs drug boss tied to murder of poet's son |
Gbagbo party to shun Ivory Coast government |
Car bomb destroys police station in Pakistan, 6 dead |
Egypt to open Gaza border crossing from May 28 |
Muslims rush to restore torched Egypt church |
Apple fights fake anti-virus software vendors |
Google, Facebook warn on Internet rules at e-G8 |
Twitter buys TweetDeck, terms undisclosed |
Twitter says to protect users' right to self-defense |
Yahoo says makes headway in Alibaba talks |
Zuckerberg says not opening Facebook to under-13s |
Analysis: iPad prospects spur Brazil high-tech drive |
Double take: Robot twin examines role of technology |
Old CEOs can learn a few new tricks from Lady Gaga |
Anna Kournikova joins Biggest Loser TV show |
Dozens likely killed in overnight Yemen clash: official |
New leak feared at stricken Japan nuclear plant |
Suspected bomb blast wounds at least 7 in Istanbul |
Japan main opposition party eyes non-confidence motion: report |
EU powers ask U.N. Security Council to condemn Syria |
Blasts near east China government buildings kill two: report |
Drug gang gunfight kills 28 in Mexican state |
Georgia says policeman dies after protest clashes |
LinkedIn eyes business opportunities in China |
Sony forecasts $975 million net profit for current year |
Hedge fund star calls for Microsoft CEO to go |
Microsoft latest security risk: Cookiejacking |
Pardus urges Clearwire to reconsider spectrum sale |
Deep-voiced Scotty McCreery wins American Idol |
Unsealed Jackie Kennedy interviews to air on TV |
Cheryl Cole reported out as U.S. X Factor judge |
Top war crimes suspect Mladic arrested in Serbia |
Bomber kills 24 in Pakistan; U.S. military mission trimmed |
Gaddafi forces bombard Libyan city of Misrata |
Georgian protest crushed as president blames Russia |
Roadside bomb kills seven NATO troops in Afghan south: coalition |
Kim Jong-il says China alliance to bridge generations |
Two dead in blasts near China government buildings |
No Abyei war, says south Sudan before independence |
Intel might make chips based on non-Intel cores |
Arab Web clampdown hurts own economies: Google's Schmidt |
Lenovo quarterly net profit more than triples |
Niger signs off on Libyan deal for state telecom firm |
Alipay gets licence to set up e-payment system |
James Bond back in novel penned by American bestseller |
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