Tuesday 9 December 2008

LeNovo expects more consolidation in the economic downturn, but will continue investment in emerging markets

Reuters reports on LeNovo's outlook on the current economic climate. The Chinese computer giant reported a 78% drop in its Q2 net profits and its profit margins are reported to have slid dramatically.

However, despite this, the company says it is still keen to drive growth by investing in emerging markets and taking on new acquisitions.

http://www.reuters.com/article/technologyNews/idUSTRE4B82WL20081209?pageNumber=1&virtualBrandChannel=10341

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