Doesn't look like Lenovo is doing so well these days..![]()
http://www.bloomberg.com/apps/news?pid=20601080&sid=aYrsSxVg0O3w&refer=asia
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There's bad and then there's really bad.
From that bloomberg article:
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I'm not at all surprised. They have some very good products but their marketing, brand image, and presence (apart from the die-hard loyal business customers) is non-existent.
Getting their products back into big box stores like Best Buy would be a start... Hell, you can't even find Lenovo products at small computer stores in Canada. -
So I better wait before taking 4 years warranty?
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Times are tough right now. A $96 million doesn't seem all that bad for a company with $17 billion in revenue. Perspective is key. This hardly effects my life. With all these companies laying off it's hard to see where demand picks up. It sort of becomes a self-fulling prophecy. If they just tightened their belt a little instead of giving the exuctroids huge bonuses, things would work out. There's too much focus on this stuff in my opinion. It's like when you go to the movies. The focus in the news is all about the box office and little about whether the movie is any good.
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But it's not like the crisis didn't hit big fish out of nowhere.
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The consumer sales were never that great for Lenovo/Thinkpads. Corporate and business deals were where the money was at. So when they started cutting back on their IT budget, Lenovo suffered as well.
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picture of bloomberg is so provoking, lol
dell and hp has a stronger consumer based than lenovo and it is not surprising to see a bigger dip from lenovo as this recession is financial sector oriented=poor business everywhere and no mortgage/lendings will translate into maintaining infrastructure rather than leasing new items
what lenovo has to do now is to maintain and improve their great reputation of their notebooks to stay on their top for the game when the economy recovers.
at 0.180 it can be a good buy when it dips .1ish and hold it for a year -
Their stock prices in Hong-Kong are almost worthless.. They are about $.20-30 US cents a share
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Lenovo has at least attempted to grow their consumer offerings (with some good products). Right now though their thinkpad line isn't really positioned to bring the company back up. A lot of enterprise environments do not really view IT dollars as always that necessary...or they think there can be compromises.
Right now the only thing really helping the PC market is cheap laptops and netbooks, sort-of. -
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Quick, everyone buy 3 thinkpads before they do something crazy!
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Also, I don't really think cheap laptops/netbooks are helping the PC market. These items are selling at a high volume, but they create little revenue (due to their low price), and have razor thin margins. -
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The Fire Snake Notebook Virtuoso
Very sad to here this news. I predict that Lenovo will have to sell the Thinkpad line/name unless things turn around. And if they do, I don't think any other company around today, could do any better.
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The Fire Snake Notebook Virtuoso
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I don't think IBM is really wanting the division has they focus more on consulting and specialty applications for their products. But you could hope
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Lenovo won't cut quality on their business line, and that's why I'm a fan of business notebooks, they're made to cater to an audience of buyers who are willing to spend money for a high quality work tool. If your work is important to you and your livelihood, you're not going to accept a work tool you use everyday that's second rate stuff made of cheap plastics. -
Lenovo missed earnings and has a sell rating
Discussion in 'Lenovo' started by stylinexpat, Feb 5, 2009.