Lenovo, the Treasure Hunter of Tech
How Lenovo makes fat profits on slim pickings
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Earlier this year, Lenovo went shopping. The Chinese maker of computers and smartphones said in late January that it was buying Motorola, the iconic mobile phone brand, from Google for $2.9 billion, less than a week after announcing the $2.3 billion purchase of IBM’s low-end server business. If the two deals receive U.S. government approval, Lenovo will have more than tripled in revenue, going to almost $50 billion from $15 billion five years ago.