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Lenovo Strengthens its Status as a Global Brand with Strong Sales in China and Europe
Lenovo Group Ltd. (OTC: LNVGY) may be the world’s fourth-largest PC vendor, but strong earnings, a fast-growing home market in China, global expansion, and the company’s involvement as an official sponsor of the Olympic Games have positioned the brand for solid global growth for the next several years.
Lenovo, China’s biggest personal computer-maker, reported a 65% jump in first-quarter profit yesterday (Thursday), thanks primarily to strong performances in its European/Middle East/Africa (EMEA) marketing region.
Lenovo said net income climbed to $110.5 million, or $1.15 a share, for the three months ended June 30, a hefty jump from earnings of $66.8 million, or…
8Aug2008 | Money Morning | Comments Off | ContinuedSubprime Crisis Again in the Spotlight as the Meltdowns of Fannie Mae and Freddie Mac Fuel Fears of a Deeper Downturn
We’ve been warning you since the start that the subprime crisis would have some real staying power.
Indeed, every time optimistic prognosticators have predicted an end to this global financial debacle, we’ve had the same response: Don’t you believe it.
Again just recently, after several big banks announced yet another round of major write-offs – all of them related to the subprime crisis, albeit indirectly – analysts, and even some banking-industry executives, said the write-downs were coming to an end.
Once again, we advised readers to avoid losing their heads over such heady optimism. And again, we were right.
The latest victims of the…
14Jul2008 | Money Morning | Comments Off | Continued
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