Welcome to The Forum

Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads

View basic rules for our forums

Lenovo Annual Profit Up 1 Percent, Misses Forecasts, On Ibm, Motorola Deals

Ron Burgundy

By Ron Burgundy,
in Tech News

 Share

Recommended Posts

Ron Burgundy Omniscient Member

Ron Burgundy

Posted
Posted

A woman tries a Lenovo tablet on display during a news conference announcing the company's annual results in Hong KongLenovo Group Ltd , the world's biggest PC maker by sales, said on Thursday its annual net profit rose one percent to $829 million, slightly below analyst expectations, as it completed two major acquisitions during that year. The Beijing-based firm closed in October its $2.1 billion acquisition of IBM's low-end server unit and also its $2.9 billion purchase of Motorola, and these purchases weighed on its profit for the year that ended March 31. Analysts had forecast a net profit of $857 million.




View the full article
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing