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View Full Version : Lenovo Group Posts 89% Drop in Profit


Ioman
08-07-2006, 02:47 PM
http://www.nytimes.com/2006/08/04/technology/04lenovo.html?ex=1155528000&en=5e8c4ec73820ff20&ei=5099&partner=TOPIXNEWS

The Lenovo Group, the world’s No. 3 personal computer maker, said first-quarter profit fell 89 percent on rising competition and costs from cutting jobs at the PC unit it bought from I.B.M.

Wow thats crazy. sales rose 38% so profits are just down because of the IBM aquisition. I am sure they will be fine.

dang
08-08-2006, 01:09 PM
Ah.. the title makes it sound worse than what it apparently is then.