Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Lenovo Reports 78% Profit Loss
Nov 11, 2008
 Printable format
 Email this Article
 Search

Lenovo Group's quarterly profit fell 78%, and the company said it will launch a restructuring with possible job cuts.

Profit for the three months ended Sept. 30 was US$23 million, compared with $105 million, in the same period last year. Lenovo reported a 0.4% rise in total global sales to $4.33 billion.

President and CEO William J. Amelio said the restructuring might include job cuts but no details were decided. He said it would cost $75 million to $100 million, including a $24 million charge recorded in the past quarter.

Sales in Greater China — which includes Hong Kong and Taiwan — rose 11% to $1.9 billion, the company said. But elsewhere, shipments in the Americas were off 4% and in the Asia-Pacific outside China down 10%.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows