Wireless News
11-06-2014, 09:40 AM
http://l1.yimg.com/bt/api/res/1.2/P6qYH5b56eY3YCZBGyYTZQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/ec92bee59aedaf4c4e4a2dbb3fbdc20409abbf83.jpg (http://news.yahoo.com/shares-drop-chinas-lenovo-despite-19-quarterly-profit-131512262.html)Shares in Lenovo dropped by five percent Thursday after the Chinese technology giant posted weaker than expected revenue figures, despite a 19 percent jump in quarterly net profit. Overall revenue rose to $10.48 billion from $9.77 billion in the quarter, up seven percent, but this was below analysts' projections, according to Dow Jones Newswire. The company also said Thursday it had appointed Jerry Yang, a co-founder of Yahoo! Inc to be an independent non-executive director, according to another statement sent to the Hong Kong stock exchange. Lenovo last month completed its acquisition of IBM's server unit as well as a deal with Google from which it bought Motorola Mobility, according to Thursday's statement.
More... (http://news.yahoo.com/shares-drop-chinas-lenovo-despite-19-quarterly-profit-131512262.html)
More... (http://news.yahoo.com/shares-drop-chinas-lenovo-despite-19-quarterly-profit-131512262.html)