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...