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| Monday, October 06, 2008 23:04:02 |
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Rising wages and commodity prices and a falling US dollar have done little to dent ASIMCO CEO Jack Perkowski’s enthusiasm for business in China, The China Perspective discovers July 11,2008
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As the third largest global PC maker and biggest in China, Lenovo Group Limited is a personal computing company, providing personal computer (PC) products to more than 160 countries. After successfully acquired PC operation of IBM in 2005, Lenovo has added the Think product line of ThinkPad notebooks and ThinkCentre desktops featuring the ThinkVantage Technologies software tools in addition to Lenovo 3000 series. These products target specially at small business. For the fiscal year ended 31 March 2006, Lenovo had revenues totaled HK$103.55B, up from 22.55 billion HK dollars. Net income fell 85% to 173.2 million HK dollars as a result of higher distribution expenses, increased administrative expenses and restructuring expenses of 542.8 million HK dollars.
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