Lenovo's latest disappointment

Bruce Einhorn

More bad news for Lenovo. In a new setback for China’s leading PC maker, the company today reported that profits for the quarter ended September dropped 16%, to $38 million. That’s worse than the $40 million that analysts had been expecting. Back in August, when Lenovo reported its numbers for its fiscal-year first quarter, I wrote here that the company seemed finally to have gotten over the severe indigestion that came from Lenovo’s acquisition of the money-losing PC division of IBM. So much for that prediction.

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