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Lenovo

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  1. [verwijderd] 29 oktober 2007 19:08
    Lenovo Takes Consumer Notebook to Retailers

    Monday, October 29th 2007 @ 9:30 AM PDT
    By Geoff Duncan

    Lenovo is quietly offering its Core 2 Duo-powered Y410 notebook at U.S. retailers like Staples, Office Depot, and Micro Center - a first for the Chinese computer maker.


    Although Lenovo hasn't uttered so much as a peep about it in public (yet), the Chinese computer maker has quietly taken another major step into the U.S. consumer computer market, offering its Y410 notebook computer through major electronics and computer retailers like Office Depot, Micro Center, and Staples. The Y410 marks the first time Lenovo has tried to market a consumer notebook in the U.S., and the first time it has partnered with so-called "big box" U.S. retailers.

    The Y410 features an Intel Core 2 Duo processor (1.46 to 1.66 GHz), a 14.1-inch 1,280 by 800-pixel widescreen LCD display, integrated Intel graphics, 1 GB of RAM, a 160 GB hard drive, a dual layer DVD burner, a 1.3-megapixel integrated camera (with Veriface recognition which can lock and unlock the system when it "sees" authorized users at the keyboard), a 6-in-1 media card reader, a Dolby Home Theater audio system with a subwoofer, and a silver chassis with an Olympic logo emblazoned on the palm rest. The system also sports three USB 2.0 ports, an IEEE 1394 port, VGA and S-Video video output, and an ExpressCard slot—and the whole thing weighs just 5.2 pounds. The system comes with Microsoft Windows Vista Home Premium pre-installed.

    Prices on the Y410 vary by configuration, but start just under $700 with mail-in rebates.


  2. dokter Lee 30 oktober 2007 12:12
    [Dow Jones] STOCK CALL:
    Citigroup raises Lenovo's target to HK$10.00 from HK$6.50 on Lenovo's continuing market share gain and margin improvement; keeps Buy. Lenovo's fiscal 2Q results due Thursday after market closes. Expects another strong quarter, with sales tipped up 14% at US$4.2 billion and net profit up 58% at US$60 million. Adds, Lenovo has large exposure to the corporate PC segment, the 4-year upgrade cycle would be positive for Lenovo's growth in FY08/09.
  3. [verwijderd] 30 oktober 2007 15:20
    quote:

    dokter Lee schreef:

    [Dow Jones] STOCK CALL:
    Citigroup raises Lenovo's target to HK$10.00 from HK$6.50 on Lenovo's continuing market share gain and margin improvement; keeps Buy. Lenovo's fiscal 2Q results due Thursday after market closes. Expects another strong quarter, with sales tipped up 14% at US$4.2 billion and net profit up 58% at US$60 million. Adds, Lenovo has large exposure to the corporate PC segment, the 4-year upgrade cycle would be positive for Lenovo's growth in FY08/09.
    Das wel positief.
  4. [verwijderd] 30 oktober 2007 16:55
    quote:

    m1155 schreef:

    [quote=dokter Lee]
    [Dow Jones] STOCK CALL:
    Citigroup raises Lenovo's target to HK$10.00 from HK$6.50 on Lenovo's continuing market share gain and margin improvement; keeps Buy. Lenovo's fiscal 2Q results due Thursday after market closes. Expects another strong quarter, with sales tipped up 14% at US$4.2 billion and net profit up 58% at US$60 million. Adds, Lenovo has large exposure to the corporate PC segment, the 4-year upgrade cycle would be positive for Lenovo's growth in FY08/09.
    [/quote]

    Das wel positief.
    Daaruit kan je afleiden dat bijkopen nog steeds tot de mogenlijkheden behoort.
  5. [verwijderd] 30 oktober 2007 17:38
    quote:

    The Artist schreef:

    [quote=m1155]
    [quote=dokter Lee]
    [Dow Jones] STOCK CALL:
    Citigroup raises Lenovo's target to HK$10.00 from HK$6.50 on Lenovo's continuing market share gain and margin improvement; keeps Buy. Lenovo's fiscal 2Q results due Thursday after market closes. Expects another strong quarter, with sales tipped up 14% at US$4.2 billion and net profit up 58% at US$60 million. Adds, Lenovo has large exposure to the corporate PC segment, the 4-year upgrade cycle would be positive for Lenovo's growth in FY08/09.
    [/quote]

    Das wel positief.
    [/quote]

    Daaruit kan je afleiden dat bijkopen nog steeds tot de mogenlijkheden behoort.
    Is ook mijn gedachte. Ik heb ook een amerikaans aandeel van lenovo in m'n watchlist, die staat rond een euro te schommelen. Als de frankfurt dat ook gaat halen ;)
  6. [verwijderd] 31 oktober 2007 00:55
    China PC market up for grabs between Lenovo, Acer
    Posted : 31 Oct 2007

    In the current battle between Lenovo and Acer, who will win in China's PC market?

    According to CCID Consulting's latest report, over the short term, Acer will restrict Lenovo's global expansion in the segment, but it does so by undertaking great risk. The market researcher is optimistic on Lenovo's development and pays more attention to the effective integration of brand, business and culture.

    Story of rivalry
    The global PC market has been shaken throughout the year, noted CCID. The battle and layout contest between Lenovo and Acer pushed them to become the leading players in China's PC field.

    The competition between the two has a long history. In 2004, after acquiring IBM's PC scope, Lenovo joined the top three in the PC field. In 2006, however, with the market share's rapid growth, Acer caught up with Lenovo. Today, the competitive trend transfers from behind the curtain to the stage, spurred by Acer's acquisition of Gateway.

    According to CCID, both Lenovo and Acer rank as China's elite PC producers, but each employ different global strategies and layouts.

    In the global PC market, the Asia-Pacific, North America and Europe are the most important central markets that enterprises aim to occupy. Lenovo's dominant market is the Asia-Pacific excluding Japan. Its sales volume accounts for 60 percent of the total sales, while market share accounts for 20 percent of the total market. In the European market, Lenovo's market share is only 5 percent, and its users concentrate around business scope, following HP, Acer, Dell, Toshiba and Xerox. It is thus urgent for Lenovo to figure out how to develop in the American and European consumption markets. And as expressed by Yang Yuanqing, Lenovo president, the next objective for Lenovo is to copy its successful experience in China to the American and European markets after the acquisition of IBM's PC scope and business integrator.

    Lenovo had proposed to set up the transaction and customer relationship business model, and aimed to apply the business model in both the American and European markets. Due to its unique position and profile, Packard Bell had come into Lenovo's view. In August 2007, Lenovo and Packard Bell reportedly reached an acquisition consensus.

    Stealing Lenovo's thunder
    However, in late August, Acer announced its decision to acquire Gateway for $710 million to battle Lenovo's expansion. Acer's dominant markets are Europe, Africa and the Middle East, and its market share accounts for 20 percent. But Acer has plenty of room to improve in the Asia-Pacific market. Moreover, the company aims to penetrate the North American market via Gateway.

    CCID Consulting considers Acer's acquisition to be strategic, but one that carries its own risk. The acquisition also puts the onus on Lenovo. Yuanqing said that Lenovo is now developing the new global business model aimed at individual consumers and small enterprises in Germany and India. If Lenovo could succeed in these two markets, it will win in any market, forecasted CCID.
  7. [verwijderd] 31 oktober 2007 14:48
    Lenovo jumps to 7-year high ahead of result

    HONG KONG, Oct 31 - Lenovo Group Ltd , which is vying with Acer Inc for the mantle of world's No. 3 PC maker, jumped nearly 8 percent to a 7-year high on Wednesday ahead of its fiscal second-quarter earnings report.

    Shares of the China's top PC maker soared to HK$8.68, their highest level since 2000.

    Lenovo, which has been grappling with expenses arising from its IBM purchase, is expected to double its earnings to HK$688 million in the fiscal second quarter ended September, according to five analysts polled by Reuters Estimates.

    It will unveil its earnings on Thursday.
  8. [verwijderd] 31 oktober 2007 15:57
    Lenovo Quality Draws Praise from Rescuecom CEO

    Posted: Today at 7:30 a.m.

    RESEARCH TRIANGLE PARK – Lenovo’s plans to target consumers for laptops and PCs could get a boost from a new reliability report.

    Rescuecom, a nationwide provider of computer tech support, rates Lenovo second to Apple in its second annual analysis of calls from customers. Lenovo was ranked first and Apple second in the 2006 survey as Lenovo was absorbing IBM’s personal computing business that it had purchased the previous year.

    “Lenovo certainly has kept up the quality it inherited from IBM,” Rescuecom’s Chief Executive Officer David Milman told The Skinny.” It seems like Lenovo has kept in place IBM’s quality process.”

    Lenovo is gearing up to drive sales to consumers worldwide. The company, which has its headquarters in Morrisville, is locked in a tight battle with Acer for third place behind HP and Dell in global PC sales.

    The reliability ratings were based on 46,000 service calls to Rescuecom, which is based in Syracuse, N.Y. but has franchise operations around the country. Its “Reliability Score” is based on the U.S. market share in computers and the percentage of service calls made to Rescuecom. The higher the score, the fewer number of service calls made.

    The 2007 rankings, with 2006 rankings in parentheses are:

    1. Apple, 357 (201)
    2. Lenovo, 236 (243)
    3. HP, 126 (12)
    4. Gateway, 103 (-12)
    5. Dell, 94 (4)
    6. Others, 79 (-16)

    Rescuecom utilized data from analysis firm IDC for U.S. market share with Apple at 5 percent and Lenovo at 4.5 percent. Dell is the leader at 32.3 percent followed by HP at 21 percent and Gateway at 6 percent.

    Dell fell to fifth from fourth place, a reflection of the company’s continuing problems that led to founder Michael dell’s decision to return to the CEO chair, Milman said.

    “Dell continues to struggle,” he said. “Years ago, Dell made decisions to shift support offshore. You can’t be enthused about that.”

    Milman also noted that some Dell customers have been angered by long waits for parts covered by warranty. Rescuecom has found it easier and faster to buy parts that are in stock rather than wait five weeks to obtain them under warranty, he explained.

    Apple, meanwhile, continued to get high marks for reliability.

    “It doesn’t surprise me at all,” Milman said of Apple’s ranking. “They build enough profit into their margin. Steve Jobs is fantastic on form and function, and Apple gets it right.”
  9. [verwijderd] 31 oktober 2007 18:13
    quote:

    jojobuitenzorg schreef:

    Ik ben er even uit op 0.78 Artist ik kreeg hoogtevrees mooie rit gemaakt vanaf 0.63 cent,morgen cruciale dag ik gun een ieder winst morgen maar de mijne staat op de bank,ook een prettig gevoel.
    Na de kwartaal rapportage kijken voor weer een instap.

    mvrgr jo jo

    [/quote]

    staat nu 8.5 HK$

    [quote=dokter Lee]
    [Dow Jones] STOCK CALL:
    Citigroup raises Lenovo's target to HK$10.00 from HK$6.50 on Lenovo's continuing market share gain and margin improvement; keeps Buy. Lenovo's fiscal 2Q results due Thursday after market closes. Expects another strong quarter, with sales tipped up 14% at US$4.2 billion and net profit up 58% at US$60 million. Adds, Lenovo has large exposure to the corporate PC segment, the 4-year upgrade cycle would be positive for Lenovo's growth in FY08/09.
  10. [verwijderd] 31 oktober 2007 18:49
    quote:

    jojobuitenzorg schreef:

    Ik ben er even uit op 0.78 Artist ik kreeg hoogtevrees mooie rit gemaakt vanaf 0.63 cent,morgen cruciale dag ik gun een ieder winst morgen maar de mijne staat op de bank,ook een prettig gevoel.
    Na de kwartaal rapportage kijken voor weer een instap.

    mvrgr jo jo

    Ik zit erin vanaf 0,64 maar blijf nog even zitten. Heb een mooie buffer.
  11. [verwijderd] 1 november 2007 10:22
    Het hele verhaal koers veranderd niet.

    FINANCIAL REVIEW

    Results

    For the six months ended September 30, 2007, the Group achieved a turnover of
    approximately US$8,358 million representing a 16.5% year-on-year growth driven across all
    geographies. Profit attributable to shareholders of the Company was approximately US$172
    million during the period, representing an increase of US$129 million as compared to the
    same period last year. Gross profit margin for the period was 15.0% up from 13.6% reported
    during the same period last year. The balance sheet position remained strong, cash and cash
    equivalents increased by US$818 million as compared to the same period last year. Basic
    earnings per share and diluted earnings per share were US2.00 cents and US1.86 cents,
    representing an increase of US1.50 cents and US1.37 cents respectively as compared with the
    same period last year.
    The Group has adopted geographical segments as the primary reporting format. Geographical
    turnover included Americas, EMEA (Europe, Middle East and Africa), Asia Pacific
    (excluding Greater China), and Greater China.
    Analysis of Operating Expenses
    Selling and distribution expenses
    In addition to the Olympics, the Group has been successful in leveraging its alliance with
    prominent international sports teams to boost its brand awareness through advertising
    campaigns and sponsorship activities. Selling and distribution expenses for the six months
    ended September 30, 2007 increased by 6% as compared to the same period last year. This
    is principally attributable to a US$28 million accelerated amortization for the use of the IBM
    logo, as a result of broader brand awareness and increased staff costs related to the Group’s
    salary increment plan, increased performance bonuses, and commissions.
    Administrative expenses
    The Group also experienced an increase in administrative expenses for the six months ended
    September 30, 2007 of 22% as compared to the same period last year. The increase is
    mainly due to the increased staff costs related to increased headcount, the Group’s salary
    increment plan, and increased performance bonuses.
    Research and development expenses
    Research and development spending for the six months ended September 30, 2007 increased
    by 12% as compared to the same period last year. This is a reflection of the continued
    investment the Group is making towards its commitment to deliver the most innovative
    products in the industry.
    Other operating expenses
    Other operating expenses for the six months ended September 30, 2007 increased by 106% as
    compared to the same period last year. This was driven by the costs associated with
    restructuring actions taken to streamline processes, consolidate Lenovo’s expertise across the
    globe, and increase global operational efficiency. Restructuring costs incurred during the
    period under review amounted to US$47 million (2006/07: US$21 million).

    16
    Capital Expenditure

    The Group incurred capital expenditures of US$142 million (2006/07: US$83 million) during
    the six months ended September 30, 2007, mainly for the acquisition of fixed assets,
    completion of construction-in-progress and investments in the Group’s information
    technology systems.
    Liquidity and Financial Resources
    At September 30, 2007, total assets of the Group amounted to US$6,653 million (March 31,
    2007: US$5,449 million), which was financed by shareholders’ funds of US$1,334 million
    (March 31, 2007: US$1,134 million), minority interests of US$1 million (March 31, 2007:
    US$1 million), and non-current and current liabilities of US$5,318 million (March 31, 2007:
    US$4,315 million). The current ratio of the Group was 0.94 (March 31, 2007: 0.87).
    The Group had a solid financial position and continued to maintain a strong and steady cash
    inflow from its operating activities. At September 30, 2007, cash and cash equivalents totaled
    US$1,882 million (March 31, 2007: US$1,064 million), of which 54.0 (March 31, 2007: 59.1)
    percent was denominated in US dollars, 31.7 (March 31, 2007: 20.3) percent in Renminbi,
    2.3 (March 31, 2007: 4.6) percent in Euros, 2.3 (March 31, 2007: 3.9) percent in Japanese
    Yen, and 9.7 (March 31, 2007: 12.1) percent in other currencies.
    The Group adopts a conservative policy to invest the surplus cash generated in the operations.
    At September 30, 2007, 72.2 (March 31, 2007: 65.8) percent of cash are deposit in banks and
    27.8 (March 31, 2007: 34.2) percent of cash are investment in liquid money market fund of
    investment grade.
    Although the Group has consistently maintained a very liquid position, banking facilities
    have nevertheless been put in place for contingency purposes. At September 30, 2007, the
    Group had a US$400 million (March 31, 2007: US$400 million) 5-Year Revolving and Term
    Loan Facility with syndicated banks, bearing interest at the London Interbank Offered Rate
    plus 0.52 percent per annum; and a US$100 million (March 31, 2007: US$100 million)
    5-Year Fixed Rate Loan Facility with a policy bank in China. These facilities were utilized to
    the extent of US$100 million (March 31, 2007: US$100 million) at September 30, 2007.
    The Group has also arranged other short-term credit facilities. At September 30, 2007, the
    Group’s total available credit facilities amounted to US$2,718 million (March 31, 2007:
    US$2,502 million), of which US$490 million (March 31, 2007: US$476 million) was in trade
    lines, US$393 million (March 31, 2007: US$291 million) in short-term and revolving money
    market facilities and US$1,835 million (March 31, 2007: US$1,735 million) in forward
    foreign exchange contracts. At September 30, 2007, the amount drawn down was US$112
    million (March 31, 2007: US$104 million) in trade lines, US$1,012 million (March 31, 2007:
    US$896 million) being used for the currency forward contracts and US$81 million (March 31,
    2007: US$18 million) in short-term bank loans.

    17
    At September 30, 2007, the Group’s outstanding bank loan represented the term loan of
    US$100 million (March 31, 2007: US$100 million) and short-term bank loans of US$81
    million (March 31, 2007: US$18 million). When compared with total equity of US$1,335
    million (March 31, 2007: US$1,134 million), the Group’s gearing ratio was 0.14 (March 31,
    2007: 0.11). The net cash position of the Group at September 30, 2007 is US$1,701 million
    (March 31, 2007: US$946 million).
    The Group adopts a consistent hedging policy for business transactions to reduce the risk of
    currency fluctuation arising from daily operations. At September 30, 2007, the Group had
    commitments in respect of outstanding foreign exchange forward contracts amounting to
    US$1,012 million (March 31, 2007: US$896 million).
    The Group’s foreign exchange forward contracts are either used to hedge a percentage of
    future intercompany transactions which are highly probable, or used as fair value hedges for
    the identified assets and liabilities. Any gain or loss on these contracts is offset by movements
    in the value of the underlying transactions or change in fair value of the identified assets or
    liabilities.
    The Group issued 2,730,000 convertible preferred shares at the stated value of HK$1,000 per
    share and unlisted warrants to subscribe for 237,417,474 shares for an aggregated cash
    consideration of approximately US$350 million. The convertible preferred shares bear a fixed
    cumulative preferential cash dividend, payable quarterly, at the rate of 4.5 perc
1.321 Posts
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