Lenovo feels weight of IBM purchase


25 May 2006 – New York (NY): Lenovo has reported a Q4 loss after its acquisition of IBM’s PC business in 2005.
China’s largest computer maker posted a net loss of HK$902.7 million ($115.7 million) for the quarter compared to a profit HK$166 million the year before.
For the full fiscal year 2005/06 Lenovo posted a profit of HK$173.24 million compared to a profit of HK$1.12 billion a year earlier.