Wednesday, May 04, 2005

Lenovo Moves Into Global PC Top Ranks

From Financial Times: Lenovo moves into global PC top ranks

"Chinese personal computer pioneer Lenovo has taken its place as the world's third-biggest supplier in the sector with the completion of its acquisition of IBM's PC business and the appointment of an international management team ... ."

"Lenovo yesterday confirmed the appointment of Steve Ward as chief executive, replacing Yang Yuanqing, who becomes chairman.
The appointments are part of Lenovo's strategy of ensuring IBM managers play a central role in the company following its US$1.75bn purchase of the US icon's global PC business, making it the global number three behind Dell and Hewlett-Packard."


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