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== Name ==
== Name ==
"Lenovo" is a [[portmanteau]] of "Le-" (from Legend) and "novo", [[Latin]] [[ablative]] for "new". The Chinese name ({{zh|s=[[wiktionary:联|联]][[wiktionary:想|想]]|t=[[wiktionary:聯|聯]][[wiktionary:想|想]]|p=liánxiǎng}}) means "association" or "connected thinking" but can also imply [[creativity]]. The name was changed from Legend because it conflicted with other trademarks registered in the West.<ref name="csm">{{cite journal | author=Todd Crowell| title=Ever heard of Lenovo, Haier, CNOOC? You will.| journal=Christian Science Monitor| year=2008| issue=30-JUN-2005| url=http://www.csmonitor.com/2005/0630/p13s02-stct.html}}</ref>
"Lenovo" is a [[portmanteau]] of "Le-" (from Legend) and "novo", [[Latin]] [[ablative]] for "new". The Chinese name ({{zh|s=[[wiktionary:联|联]][[wiktionary:想|想]]|t=[[wiktionary:聯|聯]][[wiktionary:想|想]]|p=liánxiǎng}}) means "association" or "connected thinking" but can also imply [[creativity]]. The name was changed from Legend because it conflicted with other trademarks registered in the West.<ref name="csm">{{cite journal | author=Todd Crowell| title=Ever heard of Lenovo, Haier, CNOOC? You will.| journal=Christian Science Monitor| year=2008| issue=30-JUN-2005| url=http://www.csmonitor.com/2005/0630/p13s02-stct.html}}</ref>

==Environmental record==
Lenovo is listed in [[Greenpeace]]’s Guide to Greener Electronics that assesses electronics makers according to their policies on toxic chemicals, recycling and climate change. In May 2010 it ranked 17th out of 18 leading electronics manufacturers. <ref>{{
cite web|url=http://www.greenpeace.org/international/en/campaigns/toxics/electronics/Guide-to-Greener-Electronics/ |title=Guide to Greener Electronics | Greenpeace International |publisher=Greenpeace International|accessdate=2010-08-16}}</ref> Lenovo currently has two monitors, the ThinkVision L2440x Wide and L2251x Wide, that are free of vinyl plastic (PVC) and brominated flame retardants (BFRs) but does not offer a PC entirely free of these toxics yet.<ref>{{
cite web|url=http://www.lenovo.com/social_responsibility/us/en/materials.html |title=Social responsibility – Environment – United States |publisher=Lenovo|accessdate=2010-08-16}}</ref>


==See also==
==See also==

Revision as of 12:06, 16 August 2010

lenovo private limited
联想集团有限公司
Company typePublic
SEHK: 992
Template:OTCBB
IndustryComputer Systems
Computer Peripherals
Computer Software
Founded1984
HeadquartersBeijing, China; Morrisville, North Carolina, United States; Singapore[1]
Area served
Worldwide
Key people
Liu Chuanzhi (Chairman)
Yang Yuanqing (CEO)[2]
ProductsDesktops
Servers
Notebooks
Netbooks
Peripherals
Printers
Televisions
Scanners
Storage
RevenueDecrease $14.901 billion (2009)[3]
Decrease $210.1 million (2009)[3]
$129,368 million (2010)[4]
Total assetsDecrease $6.308 billion (2009)[3]
Total equityDecrease $1.310 billion (2009)[3]
Number of employees
Approx. 23,000 (2008)
WebsiteLenovo.com

Lenovo Group Limited (SEHK: 992, Template:OTCBB) is a Chinese-based multinational computer technology corporation that develops, manufactures and markets desktops and notebook personal computers, workstations, servers, storage drives, IT management software, and related services. Incorporated as Legend in Hong Kong in 1988,[5] Lenovo's principal operations are currently located in Beijing, China, Morrisville, North Carolina in the United States, and Singapore, with research centers in those locations, as well as Shanghai, Shenzhen, Xiamen, and Chengdu in China, and Yamato in Kanagawa Prefecture, Japan.[6]

Lenovo acquired the former IBM PC Company Division, which marketed the ThinkPad line of notebook PCs, in 2005 for approximately $1.75 billion.

In 2009, Lenovo was the fourth largest vendor of personal computers in the world.[7] The company is the largest seller of PCs in China, with a 28.6% share of the China market, according to research firm IDC in July, 2009. It reported annual sales of $14.9 billion for the fiscal year ending 2008/2009 (ending March 31, 2009).

Lenovo markets its products directly to consumers, small to medium size businesses, and large enterprises, as well as through online sales, company-owned stores (in China only), chain retailers, and major technology distributors and vendors.

On September 4, 2009, Oceanwide Holdings Group, a private investment firm based in Beijing, bought 29% of Legend Holdings, the parent company of Lenovo, for 2.76 billion yuan ($404.1 million).[8] Legend Holdings is the asset management unit of the Chinese Academy of Sciences.

On November 27, 2009, Lenovo Group announced its intention to purchase Lenovo Mobile Communication Technology. Lenovo Mobile now ranks No.3 in China’s mobile handset market.[9]

Products

Lenovo makes a variety of products for world wide sale.[10] These products include:

An agreement allows Lenovo to sell IBM-branded desktops and laptops until 2010.[11]

Ownership

As of October 31, 2008, 50.4% of Lenovo is owned by public shareholders, 42.3% by Legend Holdings Limited, 6.6% by Texas Pacific Group (TPG Capital), General Atlantic LLC and Newbridge Capital and 0.7% by the directors. Because the Chinese Academy of Sciences, a Chinese government agency, owns 65% of Legend Holdings, effectively the Chinese government owns about 27% of Lenovo and is the largest shareholder.[12]

IBM became the owner of 18.9% of Lenovo in 2005 as part of Lenovo's acquisition of the IBM personal computing division.[13] Since then IBM has steadily lowered its shareholding in Lenovo. In July 2008 the IBM shareholding went below the 5% reporting disclosure threshold.[14] In February 2009 the CEO Bill Amelio was replaced with Yang Yuanqing.[15]

Name

"Lenovo" is a portmanteau of "Le-" (from Legend) and "novo", Latin ablative for "new". The Chinese name (simplified Chinese: 联想; traditional Chinese: 聯想; pinyin: liánxiǎng) means "association" or "connected thinking" but can also imply creativity. The name was changed from Legend because it conflicted with other trademarks registered in the West.[16]

Environmental record

Lenovo is listed in Greenpeace’s Guide to Greener Electronics that assesses electronics makers according to their policies on toxic chemicals, recycling and climate change. In May 2010 it ranked 17th out of 18 leading electronics manufacturers. [17] Lenovo currently has two monitors, the ThinkVision L2440x Wide and L2251x Wide, that are free of vinyl plastic (PVC) and brominated flame retardants (BFRs) but does not offer a PC entirely free of these toxics yet.[18]

See also

References

  • Ling, Zhijun (2005). The Lenovo affair: the growth of China's computer giant and its takeover of IBM-PC. trans. Martha Avery. Singapore: John Wiley & Sons [Asia]. ISBN 978-0-470-82193-0. Retrieved 2009-09-16.{{cite book}}: CS1 maint: ref duplicates default (link)
  1. ^ Lenovo - Key locations worldwide - Singapore
  2. ^ Mark Lee and Tim Culpan (February 6, 2009). "Lenovo Shares Rise Most in Month on Leadership Change (Update2)". Bloomberg. Retrieved February 7, 2009.
  3. ^ a b c d "Form 10-K". Lenovo Group Limited, United States Securities and Exchange Commission. 2008-03-31. Retrieved 2010-05-28. For the fiscal year ended: March 31, 2010
  4. ^ LENOVO REPORTS FOURTH QUARTER AND FULL-YEAR 2009/10 RESULTS
  5. ^ Company history, Lenovo.com (USA). Retrieved 2009-10-22.
  6. ^ Locations, Lenovo.com (US). Retrieved 2009-10-22.
  7. ^ "Gartner Says Worldwide PC Market Grew 13 Percent in 2007" (Press release). Gartner, Inc. 2008-01-16. Retrieved 2008-01-18.
  8. ^ "China Oceanwide buys Lenovo parent stake for $404 mln". Thomson-Reuters. 2009-09-04. Retrieved 2009-01\9-04. {{cite web}}: Check date values in: |accessdate= (help)
  9. ^ "Lenovo to Acquire Mobile Handset Business". Lenovo Group. 2009-11-27. Retrieved 2009-01\12-30. {{cite web}}: Check date values in: |accessdate= (help)
  10. ^ Lenovo Products - United States Retrieved 2006-03-13
  11. ^ http://www.pc.ibm.com/ww/customerqa.html
  12. ^ "Investor fact sheet". Retrieved 2008-12-26. {{cite web}}: Cite has empty unknown parameter: |coauthors= (help)
  13. ^ http://www.ibm.com/investor/ircorner/article/lenovo-acquisition.wss
  14. ^ http://www.itnews.com.au/News/80965,ibm-offloads-77-million-of-lenovo-shares.aspx
  15. ^ Kathrin Hille (February 6, 2009). "Lenovo chief replaced in reshuffle". The Financial Times. Retrieved February 8, 2009.
  16. ^ Todd Crowell (2008). "Ever heard of Lenovo, Haier, CNOOC? You will". Christian Science Monitor (30-JUN-2005).
  17. ^ "Guide to Greener Electronics". Greenpeace International. Retrieved 2010-08-16. {{cite web}}: Text "Greenpeace International" ignored (help)
  18. ^ "Social responsibility – Environment – United States". Lenovo. Retrieved 2010-08-16.
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