did-lenovo-mislead-investors

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 Intel as part of a multi-year package worth $100 million. In return, Lenovo agreed to reduce the number of chips the company buys from AMD, a bitter rival to Intel. Lenovo currently sources around...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222