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Lenovo

Lenovo

Lenovo looks to be in recovery mode after being hit hard by falling PC prices and rising costs for notebook components, including LCD screens and memory, and the fact that large enterprises are delaying new IT purchases.

Global hubs: Raleigh, North Carolina, US; Beijing, China; Singapore Website: www.lenovo.com

Global leader: Yang Yuanqing, CEO

Local leader: Allan Munro, GM, Australia and New Zealand

Core activity: Notebook and systems manufacture

Revenue: US$14.9 billion (FY08-09 ended March 31)

Key customers: NSW Department of Education and Training, Beijing 2008 Olympic

Games, NZ Police, Telecom NZ, NZ Post

Employees: 21,300

Lenovo looks to be in recovery mode after being hit hard by falling PC prices and rising costs for notebook components, including LCD screens and memory, and the fact that large enterprises are delaying new IT purchases.

Its response to recent losses has been to restructure into high-end and low-end lines for a more targeted approach, particularly in China, India and other “rising economies”. It remains open to merger and acquisition

opportunities and, though begun in the US, now uses a “global hubs” approach.

While it has released a series of netbooks, the company has also redoubled its efforts in a ultra-thin class of laptops powered by Intel’s new low-voltage processors.

Following the exit of Cellnet from the IT business in New Zealand, Ingram Micro is now the sole distributor and will continue to handle Lenovo’s server business with Datastore. Lenovo’s small to medium-sized PC operation and its enterprise business will be managed from Australia. Keith Newman

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Tags strategic 100 2009

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