Latest William Amelio Stories

2010-04-16 15:45:00

SANTA CLARA, Calif., April 16 /PRNewswire-FirstCall/ -- National Semiconductor Corp. (NYSE: NSM) today announced the appointment of William J. Amelio and William E. Mitchell to National's board of directors. They will serve on the board until National's annual meeting of stockholders later this year. In addition, Donald Macleod was named chairman of the board effective May 31, 2010 following the retirement of its current chairman, Brian Halla on May 30, 2010. Macleod currently serves as...

2009-02-06 11:56:36

Chinese computer giant Lenovo Group said founding chairman Liu Chuanzhi will reclaim his job after the company posted its first quarterly loss since 2005. Liu will replace current chairman Yang Yuanqing, who took over in 2005, while Liu moved over to the vice-chairman job at Lenovo's parent company, Legend Holdings, China Daily reported Friday. Lenovo said it lost $96.7 million in the third fiscal quarter ending in December, as sales fell 1 percent in the domestic market. In a statement, Liu...

2009-02-05 15:29:31

Chinese PC maker Lenovo Group reported its first quarterly loss in three years on Thursday as the global economic turmoil took its toll on the company's sales. The company said it had lost $96.7 million during the three months ending Dec. 31, and that CEO William J. Amelio had resigned as part of a management reshuffle. Board chairman Yang Yuanqing will succeed Amelio as the Beijing-based company's chief executive, and Lenovo founder Liu Chuanzhi will return as chairman.  Amelio also...

2008-12-10 08:10:00

A top computer maker worldwide, Lenovo Group, expects more consolidation in the PC industry in the current downturn, and its chief executive said the company is open to acquisitions. Chinese based Lenovo faces increasingly tough market conditions as businesses cut back on technology spending. "There is no doubt in this economic situation that you will see consolidation of the PC industry," William Amelio said. Profit margins at Lenovo, which competes with Hewlett-Packard, Dell Inc, and Acer,...

2008-11-07 00:00:14

Lenovo Group today reported results for its second fiscal quarter ended September 30, 2008. During the second quarter, Lenovo's worldwide PC shipments grew 7.4 percent, which lagged industry shipment growth due to weakened commercial and public sector PC demand and slower growth in the China market. As previously announced, Lenovo completed the sale of its mobile handset business in March 2008 in order to better focus on its core PC business. Consolidated sales of US$4.3 billion for...

2008-09-15 15:00:15

Lenovo today announced it has joined international non-profit organization, The Climate Group, and as part of that membership unveiled a comprehensive program that rewards consumers for recycling end-of-life devices, and offers consumers incentives to power new computers with renewable energy. This new program encourages consumers to make more environmentally responsible choices throughout the lifecycle of the computing device - and complements what Lenovo is doing to "green" its own...

2008-06-22 12:00:12

By Stephanie Clifford With a line of computers once made by IBM and a chief executive who hails from Dell and NCR, the Lenovo Group is not an obviously Chinese company. And that is just fine with Lenovo, which happens to be the only Chinese company to have a worldwide sponsorship for the 2008 Beijing Olympics. Lenovo, which bought IBM's personal computer business in 2005, plans to use its Olympics campaign to catapult the brand, which had once played understudy to the IBM name, onto the...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.