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 Posts Loss, CEO Resigns
Feb 6, 2009
 Printable format
 Email this Article
 Search

The Lenovo Group posted its third fiscal-quarter financial, which saw sales fall 20% to US$3.59 billion and gross profits fell 48.1% to $354 million. U.S. sales totaled $904 million for the quarter.

The company also replaced CEO William Amelio with Yang Yuanqing, currently Lenovo’s chairman. Company founder Liu Chuanzhi has returned to take over as chairman. Amelio will relinquish his position effective Feb. 5, but will remain with Lenovo in an advisory capacity until September, the company said.

Yuanqing said company sales have been deeply hurt by the global economic slowdown, with worldwide shipments declining 5%. Domestic Chinese PC shipments fell 7% during the quarter.

Back to Daily News

 

Daily News

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

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

Oct 29, 2014: Restaurant customers are using technology more frequently

Oct 29, 2014: Canadian HVAC/R wholesaler sales up 5.3% so far in 2014

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 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