Analysts predict weak Q2 for Lenovo

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1 August 2006 — Hong Kong (CHN): Lenovo is expected to post its second quarterly loss following its 2005 $1.25 billion purchase of IBM’s loss making PC division, according to reports.
             
The company posted a Q4 2005 loss of HK$903 million ($116 million) and analysts expect a Q2 loss of HK$38.5 million.
             
Lenovo is due to announce its Q2 results on Thursday.