Lenovo quarterly profit rebounds on strong sales
Yang Yuanqing
"Our growth was driven by gains in almost all regions of the world  particularly China and other emerging markets " CEO Yang Yuanqing said in a conference call.
 Still  Yang cautioned that corporate spending was not expected to revive until at least the second half of 2010  which could weigh on revenues. He said Lenovo also faces pressure from rising component costs.
 Yang said Lenovo plans to expand aggressively in mobile Internet after launching a netbook and a Web-enabled smart phone last month. The company paid $200 million in November to buy back mobile phone assets that it sold earlier to focus on PCs.
 "We believe Lenovo's mobile Internet products have high potential " Yang said. "We will continue to invest heavily in emerging markets and in consumer businesses -- especially mobile Internet -- to achieve sustainable growth."
"Our growth was driven by gains in almost all regions of the world  particularly China and other emerging markets [TGT] said in a conference call.
 Still  [TGT] cautioned that corporate spending was not expected to revive until at least the second half of 2010  which could weigh on revenues. [TGT] said Lenovo also faces pressure from rising component costs.
 [TGT] said Lenovo plans to expand aggressively in mobile Internet after launching a netbook and a Web-enabled smart phone last month. The company paid $200 million in November to buy back mobile phone assets that it sold earlier to focus on PCs.
 "We believe Lenovo's mobile Internet products have high potential [TGT] said. "We will continue to invest heavily in emerging markets and in consumer businesses -- especially mobile Internet -- to achieve sustainable growth."