LONG TERM OUTLOOK: Lenovo Group Ltd leader Yang Yuanqing says the Chinese technology giant will draw on cost-cutting lessons learned when it bought IBM Corp's ThinkPad laptop unit to turn losses into profit at businesses acquired for US$5.2bil (RM17.26bil) last month.
BEIJING: Lenovo Group Ltd leader Yang Yuanqing says the Chinese technology giant will draw on cost-cutting lessons learned when it bought IBM Corp's ThinkPad laptop unit to turn losses into profit at businesses acquired for US$5.2bil (RM17.26bil) last month.
Reporting third-quarter profit jumped 29%, Lenovo's chief executive warned the drive to turn around the Motorola handset business it bought from Google Inc and the computer server unit it bought from IBM will squeeze earnings in the short term.
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