Legend of the storm.docVIP

 PAGE \* MERGEFORMAT 28 Legend of the storm Transformation of the storm Over the past year for the IT industry, is a cold year, is precarious year. Lenovo in the cold wind blows, where, also kept the name of chills. Started in May last year, Lenovo (0992.HK) shares have fallen in September fell to 3 Hong Kong dollar under the pick-up in October after the Hong Kong dollar is still hovering around 3. Not long ago, Lenovo announced half-year results, although the significant increase in group net profit of 2.9 times, enterprise IT services revenue rose 42.5%, but did not get the stock market response to stock price but weakens, and abruptly dropped 4%, again below the psychological support of the Hong Kong dollar 3 . Mary Ma, Lenovo’s senior vice president of Lenovo in Hong Kong in recognition of lower than expected retail sales of personal computers. Soon after, Lenovo had repercussions throughout the park’s 10% of large layoffs. Lenovo recently released the third quarter of fiscal year 2001-2002 report, the profit growth than previously has been a substantial decline, Lenovo has entered a period of low growth. For low growth, Lenovo is explained: in the experience of the past year, the impact of the Internet, the computer market have been a certain influence, and thus the performance of Lenovo’s growth in a certain degree of impact, but the long-term prospects for the Chinese market is still very good just go through short-term adjustment. In fact, PC as the main business of Lenovo’s growth, despite the association to go on to make full effort to stimulate the consumer PC market, but as the PC market becomes saturated and the market competition increases, costs increase and profits decrease predicament still can not avoid. This is a Lenovo PC failed to complete projects because Lenovo is also the main reason for low growth occurs. Although Lenovo unwilling to admit it, but it is already recognized this transformation is the most positive interpretation of L