Lenovo 0992

[winston]

Rural push may fuel fertile returns for PC maker by Dr. Check:-

For the second straight session, the Hang Seng Index has stooped below its 50-day moving average - now at 20,655 points.

It closed at 20,429 yesterday and many tip the HSI will soon test 19,400. But a relatively low daily turnover eases any selling pressure.

Today, let us focus on Lenovo Group (0992), which makes and sells personal computers, related IT products and mobile devices.

It grabbed the headlines in 2005 when it acquired IBM's personal computing division. As of March this year, Lenovo had a 7.6 percent share of the global PC market, ranking fourth in the world.

In the last fiscal year, the group reported a net loss of US$226 million (HK$1.76 billion), after accounting for US$146 million in restructuring costs and US$71 million for one-off charges.

To tackle the economic slump, Lenovo has developed 50 new consumer computer products and expanded to China's rural areas.

In the first eight months of the year, rural sales of 414,000 PCs under Beijing's subsidy program accounted for 40 percent of total mainland sales.

The firm is also growing in emerging markets. UBS has a "buy" rating on the stock and targets HK$5.

Source: The Standard HK

[winston]

Not vested.

DJ MARKET TALK: Taifook Raises Lenovo Target To HK$5.20;Keeps Buy

1547 [Dow Jones] STOCK CALL: Taifook raises Lenovo (0992.HK) target to HK$5.20 (previous level not shown), after increasing earnings estimates for fiscal FY10-11 earnings estimates to US$94 million, US$255 million (previous levels not shown), as various market indicators tip recovery in PC market better than expectations.

Notes Lenovo's 3Q09 worldwide PC shipments +16% on-year, according to Gartner, thanks to robust mainland PC market, outpacing U.S. counterparts during same period. "A recovering economy along with a hardware replacement cycle delayed by the financial crisis may trigger renewed PC demand from corporate customers in 2010.

" Keeps at Buy.

Source: Dow Jones Newswire

[winston]

So, are you running out to buy a Lenovo PC because Microsoft has launched Windows7 ? I'm actually quite happy with Windows XP. Windows Vista also did not bring along anything great. In fact, I have not seen much improvement since I used Wordstar 2000 or Symphony about 25 years ago? Power Point is ok - it helps one to BS convincingly with charts and graphs

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Lenovo sees boost from Win 7

SHANGHAI - LENOVO , the world's fourth-biggest personal computer maker, expects a significant positive impact on its PC sales from the launch of Microsoft's new operating system, Windows 7, the PC maker's chairman said on Saturday.

'It will have a big impact, and we have made a lot of preparations for it,' Lenovo Chairman Liu Chuanzhi told Reuters on the sidelines of a industry forum.

Source: Straits Times

[winston]

Not vested. From Dr. Check, The Standard HK:-

Lenovo Group (0992) makes and sells personal computers, related IT products and mobile devices.

The stock hit a year high of HK$4.90 in October and closed at HK$4.36 yesterday. So, it is still attractive.

It has the largest share of the PC market in the mainland. Greater China sales contributed US$2 billion (HK$15.6 billion) or 49 percent of its revenue as of September.

In the second quarter Lenovo emerged from a loss to register a profit of US$53 million. To tackle the economic slump, Lenovo developed 50 new products and expanded in rural China.

In the first eight months, it sold 414,000 PCs under Beijing's subsidy program for rural districts. The launch of Windows 7 also stimulated PC sales. UBS has set a target price of HK$5

http://www.thestandard.com.hk/news_deta ... 91203&fc=7

[winston]

Not vested. From Dr. Check:-

PC maker may be worth a New Year resolution

As the year ends, you may want to take a fresh look at Lenovo Group (0992) which makes and sells personal computers and related IT products.

Its share price hit a 52-week high of HK$5.03 two days ago but closed at HK$4.76 yesterday. At this level, it is still prudent for the investor to accumulate.

Lenovo has a 7.6 percent share of the global PC market, ranking it fourth in the world.

But it's No1 in the mainland where its market share has risen to 28.8 percent.

As of September, Greater China contributed US$2 billion (HK$15.6 billion) or 49 percent of its revenue.

Lenovo has developed 50 new consumer computer products and expanded to China's rural areas. In the first eight months of the year it sold 414,000 PCs under Beijing's rural subsidy program, accounting for 40 percent of total mainland sales. But compared with other electrical appliance firms whose shares have risen this year, Lenovo is still lagging behind.

Source: The Standard HK

[winston]

Not vested


DJ Lenovo Group Swings To 1st-Quarter Net Profit On Strong PC Demand

BEIJING (Dow Jones)--Lenovo Group Ltd. (LNVGY), China's largest personal computer maker by shipments, said Thursday it swung to a first-quarter net profit from a year-earlier loss because of a recovery in worldwide PC demand.

Net profit for the three months ended June 30 was US$54.86 million, compared with a net loss of US$16.01 million a year earlier.

The company's net profit was slightly above the average US$53.2 million forecast of five analysts.

Revenue rose 49.6% to US$5.15 billion from US$3.46 billion.

Lenovo, which bought International Business Machines Corp.'s personal computer business in 2005, is the world's fourth-biggest PC maker by shipments behind Hewlett-Packard Co., Dell Inc. and Acer Inc.

Source: Owen Fletcher, Dow Jones Newswires

[iam802]

Lenovo developing game console, computer tablet PC

http://seerpress.com/lenovo-developing- ... t-pc/5082/

Chinese computer company Lenovo is currently developing a new videogame console as well as a computer tablet PC and smartphones in its bid to expand its product portfolio.

Lenovo has established a gaming console company called Beijing Eedoo Technology Ltd. which will develop an entertainment console that will be called eBox. The initial development was already done by Lenovo who made a console prototype.

“We saw game consoles as an area with growth potential,” Lenovo spokesman Jay Chen said.
The world’s largest PC maker by unit sales is also busy developing a computer tablet PC joining other computer companies like Hewlett-Packard, Acer, and Dell in seeking to gain share of the expanding tablet market sparked by the success of the Apple iPad.

Lenovo previewed a hybrid PC during the 2010 Consumer Electronics Show in Las Vegas in January. The IdeaPad U1-A laptop has a detachable screen that can be used as a separate computer tablet PC. Originally slated for a June release, it has yet to hit markets as of this time.

Its foray into the game console business is not a guarantee for Lenovo. The eBox will be launched in China, where rules governing game consoles are vague and widespread electronic piracy will erode game sales. Games that are free and earn through value-added services like selling virtual items are most preferred and popular among Chinese players.

Chen said that Lenovo is currently developing an integrated “family of mobile Internet devices” that will allow users to access information from multiple platforms, including a computer tablet PC. Android and other open operating systems to run the devices are being considered by the company.

[winston]

Not vested

TPG to exit Lenovo in $1.56b sale
Tuesday, November 16, 2010

Private equity firms TPG Capital and General Atlantic are looking to exit the world's No4 PC brand Lenovo (0992) with a HK$1.56 billion share placement, sources said yesterday.

The placement would end another landmark investment in China for TPG. The San Francisco- based firm, one of the world's largest buyout companies, originally invested in Lenovo five years ago to help the computer maker acquire IBM's personal computer business.

They are offering 282.26 million shares at between HK$5.45 and HK$5.53, a discount of 0 to 1.43 percent from yesterday's closing share price, according to one source familiar with the deal. Nomura was sole bookrunner on the fundraising, a source said.

The final price was expected later yesterday.

TPG invested US$200 million (HK$1.5 billion) in Lenovo in 2005, with TPG unit Newbridge kicking in US$50 million and General Atlantic another US$100 million.

In November 2007, TPG, Newbridge and GA sold US$360 million worth of shares.

The Lenovo selldown is another China exit for TPG, with Newbridge exiting its Shenzhen Development Bank stake earlier this year.

Source: REUTERS


http://www.thestandard.com.hk/news_deta ... 01116&fc=2

[iam802]

Lenovo launches 'LePad' tablet in China

http://news.smh.com.au/breaking-news-wo ... 1cedd.html

Chinese computer giant Lenovo has launched its own tablet computer at home as it tries to compete for a share of an increasingly crowded market dominated by Apple's iPad.

The LePad -- powered by Google's Android software -- was launched in China on Monday at a Chinese-media only event.

...

Someone once said that 'Search' is Google's castle. Everything else around it is the moat.

We can see how companies are adopting Android in the race to be in the mobile device market.

Nokia will go a similar route like 'Creative' at some point in time...and RIMM will probably be an app in the AppStore.

[winston]

Not vested

DJ Lenovo: Tight Memory Chip Supply Could Affect New Tablet

BEIJING (Dow Jones)--Tight supply of memory components after the major earthquake in Japan could affect the supply of Lenovo Group Ltd.'s (LNVGY) new tablet computer, a company spokeswoman said Tuesday.

The spokeswoman said Lenovo Vice President Chen Xudong made the remarks on Monday but didn't give a time frame for the possible disruption. Lenovo on Monday started sales of its LePad tablet computer in China to compete with the likes of Apple Inc.'s iPad.

Market research firm IHS iSuppli warned earlier this month that possible component shortages after the Japan earthquake could disrupt shipments of Apple's iPad 2.

Source: Dow Jones Newswires