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Lenovo

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  1. [verwijderd] 19 november 2007 16:49
    Lenovo CEO Is Turning Lenovo into a Company without a Country


    A company without a country?

    Lenovo Chief Executive Officer William Amelio is generating headlines again with his “world sourcing” strategy. Both the Wall Street Journal and Fortune magazine are out with stories today in which Amelio touts the world’s No. 3 PC maker as a company not linked to one individual country.

    The idea of a home country for a firm is “outdated,” he told the Journal.

    Lenovo has its world headquarters in Morrisville where it plans to construct a third building in the near future. But the stock is still traded in Hong Kong, most of its employees remain in China (Lenovo’s birthplace) and various company functions are scattered around the world. For example, as we’ve reported in the past, Lenovo placed its marketing operation in India.

    Amelio is also pushing Lenovo ahead as an entity no longer associated with IBM. IBM logos are no longer included on Lenovo products even though the company had rights to use Big Blue after buying its PC division two years ago.

    "It's really hard to work at a company looking at someone else's logo every day,” he told Fortune.

    In talking with Fortune, Amelio said building a stateless company has helped the merger of cultures that occurred as part of the deal.

    “His biggest initial challenge in merging the two firms was simply where to locate the united company: ThinkPad operations were based in Raleigh, while Lenovo was headquartered in Beijing. Instead of picking one place, Amelio decided to go with no headquarters at all,” Fortune wrote.

    “He works out of Singapore, Lenovo chairman Yang Yuanqing relocated to Raleigh, and top executives hold meetings in a different location every month. (They'll convene in Phnom Penh in March.)”

    Amelio told the Journal that having one headquarters would slow the company down.

    “Lenovo is incorporated in Hong Kong, where its stock is listed. But its top managers and corporate functions are scattered across the globe,” the Journal reported. “Mr. Amelio is based in Singapore. Chairman Yang Yuanqing lives in Raleigh, N.C. The chief financial officer is in Hong Kong and the human-resources head is in Seattle; world-wide marketing is coordinated in India. Lenovo's top 20 leaders meet monthly, in a different place.”

    A strong earnings report for the last quarter is a sign that “world sourcing seems to be working,” Fortune added.

    As for loyalty to a specific country, Lenovo disclosed last week that it was passing on millions of dollars in tax incentives from North Carolina. The company said new jobs expected to be created when Lenovo decided to build a new campus in Morrisville won’t meet the incentive timeline.

    Will N.C. ever see those jobs? Well, a new building could mean more people. And Lenovo is building a new distribution center in the Triad.

    But Amelio is making clear that his stateless company will put people, places and things where they will have the best impact for Lenovo. Period.

    Welcome to the new flat world economy.
  2. [verwijderd] 21 november 2007 19:15
    quote:

    Amor Arrows schreef:

    Howdy,

    Lenovo kopen? Nu?

    Met gehele China beurzen nu in 'n grandioze bearmarket, die minstens 3 tot 6 maanden zal duren, koop ik Lenovo op radikale lagere Artistieke koersen dan die van heden ten dage.

    You heard it here first

    >--:-)-->
    Kijk maar even de rebound van CPSL op de nasdaq ook een Chinees aandeel.

    mvrgr jo jo
  3. [verwijderd] 21 november 2007 20:57
    quote:

    jojobuitenzorg schreef:

    [quote=Amor Arrows]
    Howdy,

    Lenovo kopen? Nu?

    Met gehele China beurzen nu in 'n grandioze bearmarket, die minstens 3 tot 6 maanden zal duren, koop ik Lenovo op radikale lagere Artistieke koersen dan die van heden ten dage.

    You heard it here first

    >--:-)-->
    [/quote]

    Kijk maar even de rebound van CPSL op de nasdaq ook een Chinees aandeel.

    mvrgr jo jo
    Howdy,

    CPSL ging van $10+ naar $5, vandaag beetje bokkesprongen?
    Big deal!

    >--:-)-->

  4. [verwijderd] 21 november 2007 21:04
    quote:

    Amor Arrows schreef:

    [quote=jojobuitenzorg]
    [quote=Amor Arrows]
    Howdy,

    Lenovo kopen? Nu?

    Met gehele China beurzen nu in 'n grandioze bearmarket, die minstens 3 tot 6 maanden zal duren, koop ik Lenovo op radikale lagere Artistieke koersen dan die van heden ten dage.

    You heard it here first

    >--:-)-->
    [/quote]

    Kijk maar even de rebound van CPSL op de nasdaq ook een Chinees aandeel.

    mvrgr jo jo
    [/quote]

    Howdy,

    CPSL ging van $10+ naar $5, vandaag beetje bokkesprongen?
    Big deal!

    Vandaag was het Q1 bericht.
    Nee hoor vandaag op fundamenteel nieuws winst +++140% en verbeterende vooruitzichten,uitbreiding capaciteit.
    Nee puur fundamenteel niet op speculatie.
    mvrgr jo jo
    >--:-)-->

  5. [verwijderd] 4 december 2007 13:34
    Howdy,

    Hier weer eens 'n nieuwtje sinds vele dagen. Interesse in Lenovo op laagtepunt?

    Lenovo Says U.S. Slowdown Won't Affect Market-Share Targets

    By Carol Massar and Harichandan Arakali

    Dec. 4 (Bloomberg) -- Lenovo Group Ltd., the world's third- biggest maker of personal computers, said a potential U.S. economic slowdown won't affect its ability to gain share in the consumer market.

    The Chinese company plans to introduce laptops for individual buyers in the U.S., Russia, France and South Africa from January, repeating its success in China, India and Southeast Asia, Chief Executive Officer William Amelio said in an interview in New Delhi.

    ``The consumer segment will still grow,'' Amelio said while attending the India summit of the World Economic Forum. ``It's going to be the first to slow, but it's still going to grow and we still have an opportunity to take share and expand in the U.S. and other mature markets.''

    The maker of Thinkpad laptops, whose stock has more than doubled this year, turned to retailers including Office Depot Inc. in the U.S. to ward off slowing demand from businesses and help sustain earnings growth. Sales of PCs to consumers are growing three times as fast as to companies, researcher IDC said.

    ``The improvement in Lenovo's earnings this year is mainly due to cost cuts, but the challenge is to grow the top line,'' Joseph Ho, who rates the stock as ``hold'' at Daiwa Institute of Research in Hong Kong, said before the announcement. ``Any downturn in the U.S. economy will hurt technology spending by businesses, especially the financial companies.''

    Sales Outside China

    Raleigh, North Carolina-based Lenovo, which moved its headquarters to the U.S. after acquiring the PC unit of International Business Machines Corp. in 2005, at present derives most of its sales outside China from business clients.

    Lenovo is the market leader in Asia, with a 21.3 percent share, followed by Hewlett-Packard Co. and Dell Inc., according to IDC. Globally, the company had an 8.2 percent share of PC shipments in the quarter ended September, according to Framingham, Massachusetts-based IDC. Hewlett-Packard is the global market leader, followed by Dell, IDC said.

    Growth in global PC shipments may slow to 11.2 percent in 2008, from a projected 13.7 percent this year, according to a Citigroup Inc. report on Nov. 26.

    The small and medium business segment ``will see some slowdown in certain markets,'' Amelio said today.

    Lenovo's purchase of IBM's PC unit gave it access to the large enterprise market in the U.S., he said. In China, the biggest customers for the nation's largest PC maker were small and medium businesses and retail buyers, he said.

    Lenovo doesn't plan a delay or slowdown in its rollout of the consumer PC given the current situation, Amelio said.

    ``If things change dramatically, then everything is always up for negotiation,'' he said.

    To contact the reporters on this story: Carol Massar in New Delhi at cmassar@bloomberg.net ; Harichandan Arakali in New Delhi at harakali@bloomberg.net .

    Last Updated: December 4, 2007 05:07 EST

    >--:-)-->


  6. [verwijderd] 4 december 2007 18:26
    Lenovo to launch $200-computer in India
    Calcutta News.Net
    Tuesday 4th December, 2007 (IANS)

    Chinese computer maker Lenovo Tuesday said it would soon launch a new computer priced at $200 (about Rs.8,000) in India.

    'We will launch the product in China first. After getting a feedback, we will roll out the device in the Indian market,' Lenovo Group USA President and Chief Executive Officer William J Amelio said on the sidelines of India Economic Summit currently underway here.

    Although Amelio did not specify a time for the product's launch, he indicated that the computer would be Internet-enabled.

    He added that the firm could produce five million computers every year in India and may export computer parts and other hardware from the country.

    Lenovo is also planning to export notebooks from its Baddi, Himachal Pradesh plant.

    Amelio pitched a liberal and uniform tax regime for it to conduct its business in India and provide opportunity of greater investments.
  7. [verwijderd] 6 december 2007 13:34
    Howdy,

    Acer to Become Olympic Games Sponsor, Replace Lenovo (Update3)

    By Grant Clark and Tim Culpan

    Dec. 6 (Bloomberg) -- Acer Inc., the world's fourth-largest maker of personal computers, will replace rival Lenovo Group Ltd. as a worldwide Olympic sponsor, aiming to boost its global profile and gain market share.

    The four-year contract will cover the 2010 Winter Games in Vancouver and the 2012 London Summer Games, Taipei-based Acer said in a statement today. Acer will also supply equipment for the events under the agreement, it said.

    The contract builds on President Gianfranco Lanci's ambitions to challenge Hewlett-Packard Co. and Dell Inc. following Acer's $710 million acquisition of Gateway Inc. this year. China's Lenovo said this week it will drop its sponsorship to target specific markets, highlighting the contrast in strategies between Asia's two biggest computer makers.

    ``Buying the rights is one thing, exercising them is another and Acer will require further investment,'' said Chris Fay, chief executive officer at advertising agency Saatchi & Saatchi Taiwan.

    Acer would become one of 11 companies with the worldwide right to associate themselves with the Olympics and use symbols such as the five rings.

    Sponsorship fees typically increase by 10 percent to 15 percent from one Olympic cycle to the next, said Chris Renner of Helios Partners, who helped arrange the deal. He declined to specify how much Acer will pay. Sponsors for the previous four years paid an average $78.7 million to back the world's biggest multisports event.

    First Taiwan Sponsor

    Acer, which research firm IDC estimates lags behind Hewlett- Packard, Dell and Lenovo in PC sales, is poised to be the first Taiwanese company to become a worldwide sponsor of the Olympics

    Taiwan competes as Chinese Taipei at the games. Taiwan government officials refused to host the torch relay for the Beijing Games after protesting the direct route from Taiwan to China infringed on its sovereignty. China considers Taiwan part of its territory, a status refuted by Taiwan's ruling party.

    ``Prior to the Olympics, Samsung was nowhere on the map in terms of brand awareness,'' Fay said.

    Acer's Lanci said in October he expects the purchase of Gateway will more than double Acer's market share in the U.S. to 11.7 percent. The acquisition makes Acer the second-largest PC supplier in Europe and at least the third-biggest in the U.S., according to data from researcher Gartner Inc. and Acer.

    Saatchi's Fay said sponsorship of the Olympics helped Samsung Electronics Co. build its global sales. The Suwon, South Korea-based company is now the world's second-largest maker of mobile phones and semiconductors. In April, Samsung said it signed an eight-year extension that will keep the company as a so-called TOP sponsor until 2016.

    Specific Markets

    Lenovo, the first Chinese company to become a worldwide Olympic sponsor, said this week it will end its agreement in December 2008 so it can focus on specific markets.

    Vancouver will host the Winter Olympics Feb. 12-28, 2010, and London will hold the Summer Games from July 27-Aug. 12, 2012.

    Helios Partners is an Atlanta, U.S.-based sports sponsorship consultancy that worked with Lenovo and Acer on Olympics sponsorships.

    Acer shares climbed 1.2 percent in Taipei to close at NT$67.40, outpacing the 0.2 percent gain in the benchmark Taiex index.

    To contact the reporters on this story: Grant Clark in Singapore at gclark@bloomberg.net ; Tim Culpan in Taipei at tculpan1@bloomberg.net

    Last Updated: December 6, 2007 06:56 EST

    >--:-)-->

  8. [verwijderd] 12 december 2007 16:56
    Lenovo sees large growth in November notebook shipments, says paper



    December 12; Joseph Tsai, DIGITIMES [Wednesday 12 December 2007]

    Lenovo's notebook shipments in November grew 200-250% compared to the monthly shipments recorded in the third quarter of this year, which correspondingly boosted shipments for Taiwan-based notebook ODMs, including Quanta Computer, Compal Electronics, Wistron and Inventec, in the fourth quarter, according to a Chinese-language Economic Daily News (EDN) report which cited sources at the Taiwan-based notebook makers.

    Currently, Lenovo has only Wistron manufacturing its IBM ThinkPad notebooks in small volume, with the company itself producing the rest. Lenovo's consumer notebook orders are spread out between the four Taiwan ODMs, while the company's new notebook models for 2008 are expected to continue to be outsourced to them, noted the paper.


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