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Easy to master, Lenovo’s chairman Liu will step down
SAN FRANCISCO, Nov. 2 pm, Lenovo Group today announced as September 30, 2011 ended the second quarter. In the second quarter, Lenovo’s worldwide PC shipments rose 35.8% year over year, for the same period increased 5.0% overall market volume seven times. Lenovo tenth consecutive quarter of growth beyond the market average, and the eighth consecutive quarter as the world’s top four computer manufacturers in the fastest growing companies.Toshiba PA2487UR battery

Lenovo continues in all markets, focus on product and customer categories and achieved balanced growth in the second quarter consolidated sales increased 35.2% year over year, reaching $ 7.8 billion,HP ProBook 4520S battery a record high. Lenovo’s global market share during the quarter also record, reaching 13.5%, and further improve in China, mature markets and emerging markets, market share. Meanwhile, the Group’s net income during the quarter significantly increased 87.9%, profit attributable to shareholders was $ 144 million.
During the quarter, Lenovo’s gross profit increased 59.8% year over year to $ 948 million, gross margin was 12.2%.compaq Presario X6000 battery Operating profit increased 55.3% year over year to $ 166 million. Group profit before tax increased 62.3% year over year to $ 165 million.
Basic earnings per share of 1.41 cents, or 10.99 HK cents. In the September 30, 2011, the Group’s net cash reserves of about 40 billion U.S. dollars. Lenovo’s Board of Directors declared an interim dividend of 3.8 HK cents per share.
Also Lenovo Group today announced the Board of adjustment, the original chairman Liu retiring,IBM Thinkpad T60 battery will serve as CEO and chairman Yang Yuanqing, adjusted from November 3, 2011 come into effect.
Lenovo today’s Board of Directors to adjust the details are as follows: Liu resigned Lenovo Group non-executive directors, non-executive Chairman of the Board, and the Strategy Committee and Corporate Governance Committee Chairman and members; Yang was appointed as Chairman of the Board, and the Strategy Committee and Corporate Governance Committee President; John Zhao was appointed non-executive director.
Lenovo’s announcement shows that because of the need to devote more time to focus on the business of Legend Holdings, Liu resigned as directors of the Company only.HP N193 Charger In recognition of Liu in the term contribution to the company, and benefit from its rich depth of experience, Lenovo Group appointed Liu as Honorary Chairman and Senior Advisor.
Adjusted for the updated list of the board of Lenovo Group: Executive Director and Chairman of the Board Yang Yuanqing; non-executive directors, including Zhu Linan, Mary Ma, John Zhao, William O. Grabe and Yibing Wu; and the independent non-executive directors including Woo Chia-Wei, Ting Lee Sen, Tian, ​​Nicholas C . Allen and Nobuyuki Idei.
Edit Comment: Lenovo this year is to force or, in addition to performance as well as product.