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Analysts see weak Q2 for Lenovo

Posted: 09 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Lenovo? IBM? Dell? HP? Hewlett-Packard?

Analysts said Lenovo Group Ltd would stay weak for the foreseeable future because of a lack of brand awareness and an inability to reach non-Asian consumers, according to a Reuters report.

Lenovo, which had a first quarter net profit of $5 million, is expected to post a profit of $41.74 million for the July-September period, said six analysts surveyed by Reuters Estimates.

Despite accounting for a third of the local PC market in China, Lenovo is struggling to expand beyond Asia. The company continues to lose market share in major international markets due to a lack of brand recognition and consumer exposure, the report said.

Lenovo's share in Asia (excluding Japan) grew from 19.9 percent in the second quarter to 21 percent in the third quarter, said the report which cited IDC as its source, with most growth coming from China, Hong Kong and Taiwan. HP ranked second with 12.9 percent market share and Dell third with 9 percent, said the report.

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