Lenovo CEO Steps Down after Dismal Quarter
Lenovo CEO Steps Down after Dismal Quarter
Posted 02/06/2009 at 8:34am
| by Paul Lilly
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After serving three years at the helm, Lenovo CEO William Amelio handed in his resignation. The timing of Amelio's departure comes amid dismal quarterly numbers for the company, which includes a $96.7 milion quarterly loss. It's the first time in several years since taking over IBM's personal computer division that Lenovo has fared so poorly. But is Amelio to blame?
"My take on his departure was that he was really the fall guy for Lenovo's problems in the last year or so -- and rightfully so in some respects, because a lot of these issues came under his tenure," said John Spooner, an analyst with Technology Business Research. "I think that if Lenovo had been a little more successful, he may have stuck around for a bit."
Amelio's resignation comes at the end of his three-year contract, during which time Lenovo gave up market share in the enterprise sector to Dell and HP.
Image Credit: BusinessWeek
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anonuser
February 06, 2009 at 4:07pm
He should have resigned a long time ago considering that awful goatee; seriously, it looks like it was applied using the spray can tool in Paint. Too bad, though; Lenovo makes a quality laptop. It seems kind of unfair considering the dismal economy we're in.
Stockislander
February 06, 2009 at 5:06pm
I think he looks uncannily like an ancient toy that had a cartoon bald man's face inside a cardboard and clear plastic topped- case with some iron filings. You distributed those filings with a red plastic "magic wand" (magnet) to put hair where you wanted it. Hmm, can't remember what it was called, it was so long ago. Wtf was I talking about? Oh well....
Hey, it was called Wooly Willy! An interactive toy!
http://www.supercooltoystore.com/toy-contenders/wooly-willy.html
horzo
February 06, 2009 at 12:00pm
Still the best PC laptops out there. Who isn't losing money right now?
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