[A-List] Lenovo reveals flaws in IBM concept

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

	Lenovo reveals flaws in IBM concept: report 	
 	2006/01/27 08:38

 When Lenovo Group took over IBM's struggling personal computer business less than a year
 ago, critics said the company had been forced to acquire the kind of global know-how and
 branding it had been unable to attain working from its home soil.
   But at yesterday's quarterly results announcement, the company's top brass said future
 growth hinged on imposing a little more Chinese Lenovo and removing some of the IBM from
 the group's international operations.
   "We have to unplug ourselves from the legacy systems that we inherited," said newly
 appointed chief executive Bill Amelio.
   The company reported a lower than expected net profit of HK$365 million in the third
 quarter to December, against analyst forecasts of HK$425 million to HK$455 million.
   Revenue rose 392 per cent year on year to HK$31.06 billion with the company including
 the acquired IBM business for the first time.  <SCMP>