Did Lenovo mislead investors?

Sources and observers say Q3 06/07 results may give a false picture of the company's cost-cutting success.

Details released on Friday, February 16, the day before the start of the Chinese New Year holiday in Hong Kong, have caused sources and observers to question whether Lenovo may have misled investors about the success of its 2006 cost-cutting programme by failing to break out as a one-off item incentives the company received from chip maker Intel.

According to an article released by FinancialWire on 16 February, Lenovo received $22 million during Q3 in incentives from chip maker...

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