Lenovo X300
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- Duration: 1:18
- Published: 2008-04-29
- Uploaded: 2011-01-25
- Author: LoStreib
the no-compromise ultraportable
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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. For the year ending with third quarter 2010, its market share increased from 8.6 percent to 10.4 percent. 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.
IBM became the owner of 18.9% of Lenovo in 2005 as part of Lenovo's acquisition of the IBM personal computing division. Since then IBM has steadily lowered its shareholding in Lenovo. In July 2008 the IBM shareholding went below the 5% reporting disclosure threshold. In February 2009 the CEO Bill Amelio was replaced with Yang Yuanqing. In November 2010, it was reported that private equity firms TPG Capital and General Atlantic are seeking to exit Lenovo with a HK$1.56 billion share placement.
* In 1985, the company launched the first Chinese card product with lenovo function. Lenovo, the brand name was born from this.
* On Jun. 23th, 1988, Lenovo of Hongkong was open. New technology development company and Chinese technology transfer company co-founded Lenovo of Hongkong. Lenovo Group used Legend as its English name. Also, that is the first time for Lenovo to be the company name.
* In Nov. 1989, Lenovo Group Company was started up and firstly used Lenovo as enterprise and group name.
* In 1990, Lenovo computer was launched. Lenovo began to manufacture and supply Lenovo brand PC.
* Lenovo financed its assault by listing on the Hong Kong stock market in 1994, raising nearly $30 million. Lenovo brand appeared in overseas financial markets for the first time.
* In 1996, Lenovo was first beyond foreign brands. The market share of it was the first place in the homeland for 6 years.
* In 1999, Lenovo PC sales volume was honored in the top of Asia-Pacific market with 8.5% market share.
* On Apr. 1st, 2001, Lenovo reorganized asset and torn apart appear on the market.
* In August, 2002, Lenovo launched super computer capable of making quadrillion calculations per second successfully. This is the first high-performance computer which speed has exceeded quadrillion calculation per second in actual measurement.
* On Dec. 3rd to 7th, Legend World 2002 held completely. This is a great symbol for Lenovo that Lenovo products technology has made a substantial progress.
* In 2004, Lenovo Group changed its English name into Lenovo Group Limited and also became to be the first Chinese enterprise to join the Olympic Partner Programme of the International Olympic Committee(IOC) as its worldwide computer equipment.
* On Dec. 8th, 2005, Lenovo and IBM signed the protocol to buy IBM's PC business.
* On August, 10th, 2005, Lenovo announced outstanding achievement of the first quarter in 2005. Net profit during this period achieved 3.57 billion HKD. This is the first time for Lenovo to calculate quarterly financial report after buying IBM'S global PC business.
* In August, 2010, the company announced Legend Holding Ltd. financed more than 10 million Yuan to the Divine Land Car Rental company, infusing with stock equity and financial claim.
* On August, 31st, 2010, Lenovo Group and Suntech Power Ltd. signed IT management service agreement.
* On Sep. 13th, 2010 Zaozhuang municipal government, Shandong province, and Lenovo Holding Ltd signed the strategic cooperative agreement that Lenovo will finance 180 million Yuan to build million tons of olefins and fine chemical industry base.
* On January 3, 2011 at the 2011 International CES, Lenovo announced the Lenovo Enhanced Experience 2.0, allowing booting times 20 seconds faster than other computers.
Category:Companies based in Beijing Category:Computer hardware companies Category:Mobile phone manufacturers Category:Electronics companies of the People's Republic of China Category:Former Hang Seng Index Constituent Stocks Category:Warrants issued in Hong Kong Stock Exchange Category:Worldwide Olympic sponsors Category:Privately held companies of the People's Republic of China Category:Videotelephony Category:Supercomputing in China Category:Netbook manufacturers Category:Chinese brands Category:Texas Pacific Group companies Category:Computer companies established in 1988 Category:Companies established in 1988 Category:Multinational companies Category:Zhongguancun
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