Is Lenovo Keeping Dell And HP At Bay In China?
Lenovo, the big Chinese PC company that owns the old IBM (IBM) PC business had mediocre earnings. Revenue was flat at $4 billion. But, the company did well in it home market. Outside China, shipments were poor, especially to North…
Lenovo, the big Chinese PC company that owns the old IBM (IBM) PC business had mediocre earnings. Revenue was flat at $4 billion. But, the company did well in it home market.
Outside China, shipments were poor, especially to North and South America.
Inside China, shipments rose 17% and accounted for $1.6 billion.
It is critical for Dell (DELL) and Hewlett-Packard (HPQ) to do well in the Chinese market as sales growth for PCs slows in Europe and the United States.
Lenovo’s share of the hot notebook market in China is about 35%. The company claims it is increasing its piece of the market in Asia.
And, that is not good for DELL or HP.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
