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Acquisitions likely to hit Lenovo's profits in short term |
February 13, 2014
Lenovo reported a 30 percent jump in its net profit for the fourth quarter of last year, with its earnings driven by a record number of devices shipped.
But the company expects its profit will drop in the short-term with the proposed acquisitions of Motorola Mobility and IBM’s low-end server unit, both businesses that are struggling.
In the quarter ended Dec. 31, the Chinese PC maker’s net profit climbed to $265 million, up from $205 million in the same period a year ago. Its net revenue reached $10.8 billion, up 15 percent year-over-year.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2097580/acquisitions-likely-to-hit-lenovos-profits-in-short-term.html#tk.rss_all
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