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Lenovo Reports 4Q Loss
May 22, 2009
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Personal computer maker the Lenovo Group reported a fiscal fourth-quarter loss. It reported a loss of US$264 million for the quarter that ended March 31. Revenue fell 26% to $2.77 billion from $3.73 billion. The company said PC shipments fell 8.2% year over year, while overall shipments of PCs fell 7% across the industry. Gross margins declined to 10.3% from 15%.

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