Lenovo Group Ltd, Asia's biggest personal-computer maker, is
"insulated" against a regional slowdown in technology spending
because of its geographic scope, said Chief Executive Officer
William Amelio.
"We're pretty bullish on what's happening in front of us,"
Amelio said in an interview with Bloomberg Television from the
World Economic Forum in Davos, Switzerland. The Chinese company has
its corporate headquarters in Raleigh, North Carolina.
Amelio is seeking to boost sales of laptops to consumers, a
market that's outpacing corporate PC shipments. The company also
plans to improve its profit margins by making its supply chain more
efficient. Amelio declined to say how economic conditions might
affect earnings.
Lenovo climbed the most in three months in Hong Kong trading on
Friday after Daiwa Institute of Research raised its rating to
"outperform" from "hold." Demand in China will help the company
grow faster than the rest of the market, analyst Joseph Ho
said.
Lenovo shares advanced 15 percent to HK$4.75, the biggest gain
since October 2.
The company may ship 15 percent more PCs in the year ending
March 2009, Ho said.
(Shanghai Daily January 28, 2008)
