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Latest Yang Yuanqing Stories

Lenovo Opening New Mobile Facility In Wuhan
2012-05-07 13:54:46

Lenovo announced on Monday that it will be putting $800 million into a new mobile facility aimed at investigating and producing innovative smartphones, tablets and other devices. The company said the new facility will help drive Lenovo's innovation capability in the field of mobile Internet, and optimize its global supply chain. “As an industry leader, we are aggressively moving forward into the PC Plus era, and with our Mobile Internet Digital Home group actively engaged, we are...

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2011-01-19 08:02:03

Chinese computer maker Lenovo said Tuesday it will create a special unit to develop and produce mobile and other Internet-connected devices, as it looks to grab a larger stake in the fast-growing market. The new venture for Lenovo will be based in Beijing and will be devoted to developing tablets, smartphones and televisions as well as cloud computing systems, Lenovo said in a statement. There is "tremendous growth potential of the mobile Internet" and the company wants to "capitalize on...

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...

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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...

2008-11-11 06:00:10

Chinese PC manufacturer Lenovo has reported a 78% decrease in net income to $23m for the second quarter 2009, compared to $105m in the year-ago quarter, on revenue up marginally at $4.32 billion. The loss was attributed to lower PC shipments owing to the global financial crisis. Operating income was down 75.8% at $29m during the quarter, while cash and cash equivalents at the end of the quarter was $1.31 billion. For the first half, the company reported profit of $134m on revenue up 5% at...

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...

2008-06-22 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...

2008-06-20 06:00:13

By Stephanie Clifford With an Italian-sounding name, a line of computers once made by IBM and a chief executive who hails from Dell and NCR, the Lenovo Group is not a company that most people would assume is Chinese. And that is just fine with Lenovo, which happens to be the only Chinese company sponsoring the 2008 Beijing Olympics worldwide. Lenovo, which bought IBM's personal computer business in 2005, plans to use its Games campaign as a way to introduce its brand, which has until...

2006-05-31 06:06:45

BEIJING (Reuters) - China's Commerce Ministry struck a more conciliatory note on Wednesday after saying a State Department decision to restrict the use of computers made by PC firm Lenovo Group Ltd. smacked of a Cold War mentality. Assistant Commerce Minister Huang Hai said that although China understood the right of other countries to use their own rules to regulate trade, it wanted a level playing field. "All that we want is a fair trading environment. What we particularly want is...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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