Lenovo Case Analysis
Introduction
Guess what happened in the technology industry in 2005? People from all over the world pay attention on the computer empire. Lenovo Group, which used to be Legend and the largest personal computer manufacturer in China, acquire IBM’s personal computer division in May 1, 2005. This deal business marked that the third largest PC enterprise was born. Lenovo Group will own the ThinkPad and ThinkCenter trademarks for the coming five years.
Lenovo Group was set up in 1984, the founder Liu Chuanzhi leaded 10 technology people to acknowledge PC area and hold an idea that advanced technology will change people’s work and life. During 27 years development, Lenovo Group now has its main products in desk-top computer, service, lap-top computer, printer, pocket computer, monitor, and cell phone. Since 1996, the sales number of Lenovo computer reached on the first place in the market of China.
In 1988, Lenovo established itself in Hong Kong. In 1989, Lenovo Group Company set up in Beijing. In 1990, Lenovo listed securities in Hong Kong. In 1998, Lenovo reached the one million mark in producing Lenovo Computer which was collected by the Intel Museum. In 1999, Lenovo became the super computer seller in Asia.
In the 21 century, Lenovo became one of the best ten management computer manufactories. Yang Yuanqing took up the post of president and CEO of Lenovo. The stock price of Lenovo went up immediately. In 2003, Lenovo started to use new identification “Lenovo”. Before 2003, Lenovo used “Legend” as the identification. Also, Lenovo became the first Chinese enterprise to cooperate with International Olympic Committee (IOC), and support for 2006 Turin Winter Olympic Games and the 2008 Beijing Olympic Games. Of course, in 2005, New Lenovo set up to be the third largest computer group in the world.
The fact that IBM sold the PC Division to Lenovo Group is also the manufacture work. IBM is the earliest factory which is to start produce personal computer. Since four
Guess what happened in the technology industry in 2005? People from all over the world pay attention on the computer empire. Lenovo Group, which used to be Legend and the largest personal computer manufacturer in China, acquire IBM’s personal computer division in May 1, 2005. This deal business marked that the third largest PC enterprise was born. Lenovo Group will own the ThinkPad and ThinkCenter trademarks for the coming five years.
Lenovo Group was set up in 1984, the founder Liu Chuanzhi leaded 10 technology people to acknowledge PC area and hold an idea that advanced technology will change people’s work and life. During 27 years development, Lenovo Group now has its main products in desk-top computer, service, lap-top computer, printer, pocket computer, monitor, and cell phone. Since 1996, the sales number of Lenovo computer reached on the first place in the market of China.
In 1988, Lenovo established itself in Hong Kong. In 1989, Lenovo Group Company set up in Beijing. In 1990, Lenovo listed securities in Hong Kong. In 1998, Lenovo reached the one million mark in producing Lenovo Computer which was collected by the Intel Museum. In 1999, Lenovo became the super computer seller in Asia.
In the 21 century, Lenovo became one of the best ten management computer manufactories. Yang Yuanqing took up the post of president and CEO of Lenovo. The stock price of Lenovo went up immediately. In 2003, Lenovo started to use new identification “Lenovo”. Before 2003, Lenovo used “Legend” as the identification. Also, Lenovo became the first Chinese enterprise to cooperate with International Olympic Committee (IOC), and support for 2006 Turin Winter Olympic Games and the 2008 Beijing Olympic Games. Of course, in 2005, New Lenovo set up to be the third largest computer group in the world.
The fact that IBM sold the PC Division to Lenovo Group is also the manufacture work. IBM is the earliest factory which is to start produce personal computer. Since four
References: Chengdu Business (2009, May 22). Retrieved March 6, 2011, from news.163.com: http://news.163.com/09/0522/11/59TQIC4O000120GR.html John G. Spooner, M. K. (2004, December 8). Desktops. Retrieved March 5, 2011, from www.cnet.com: http://news.cnet.com/IBM-sells-PC-group-to-Lenovo/210 0-1042_3-5482284.html News. (2005, May 1). Retrieved March 6, 2011, from www.lenovo.com: http://www.lenovo.com/news/us/en/2005/05/dayone.html Wiki: Lenovo. (n.d.). Retrieved March 5, 2011, from wapedia.mobi: http://wapedia.mobi/en/Lenovo_Group Xinlangcaijing. (2009, May 25). Retrieved March 4, 2011, from www.dzsc.com: http://www.dzsc.com/news/html/2009-5-25/101714.html IBM and Lenovo — Q&A for customers. (n.d.). Retrieved 3 28, 2011, from Lenovo: http://www.pc.ibm.com/ww/customerqa.html Spooner, J., & Kanellos, M. (2004, 12 8). IBM sells PC group to Lenovo. Retrieved 3 28, 2011, from cnet: http://news.cnet.com/IBM-sells-PC-group-to-Lenovo/2100-1042_3-5482284.html Investor relations-Annual & interim reports. (2011, Jan 30). Retrieved March 30, 2011,fromLenovo:http://www.lenovo.com/ww/lenovo/annual-interim_report.html Lenovo Group Ltd. (2011, March 30). Retrieved March 30, 2011, from Reuters: http://www.reuters.com/finance/stocks/incomeStatement?symbol=0992.HK