LeNovo to cut 2,500 jobs in Asia

LeNovo is to cut 2,500 jobs in Asia, whilst TDK, the electronic components maker, is to cut 8,000.

http://news.bbc.co.uk/1/hi/business/7817093.stm

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

Positivo shares rise after visit from Dell and Lenovo

Bloomberg report that shares in Positivo - one of Brazil's largest computer makers - have risen sharply amid rumours that Dell and LeNovo may be interested in buying the company.

All three parties have refused to comment on the rumour

http://www.bloomberg.com/apps/news?pid=20601086&sid=adkgZRM6G_wk&refer=latin_america

Lenovo switches F1 sponsorship to McLaren Mercedes

LeNovo is to switch its F1 sponsorship from AT&T Williams to Vodafone McClaren.

http://www.brandrepublic.com/News/867857/Lenovo-switches-Formula-One-sponsorship-McLaren-Mercedes/