Lenovo has reason to crack open a bottle of bubbly heading into the holiday season. Reporting results for its second fiscal quarter ended September 30, 2011, Lenovo said its net earnings shot up 87.9 percent. Gross profit jumped 59.8 percent year-over-year to $948 million, and the company's net cash reserves now sit at approximately $4 billion. But what's really remarkable is how Lenovo defied the so-called post PC era.
You won't find any swirling LEDs or one-touch overclocking buttons on Lenovo's new ThinkCentre M77 desktop. Instead, this machine is all business, "crafted for professionals" looking for a "powerful, secure, energy efficient yet easy to use computer to tackle everyday office tasks," Lenovo says. Sounds like a snoozer until you realize it's (optionally) powered by an AMD FX Series processor and up to 16GB of DDR3 memory.
Lenovo's tapping into AMD's Fusion platform to power its new C325 all-in-one (AIO) desktop PC. The C325 surrounds AMD's E450 processor with a 20-inch LED backlit display with optional multi-touch touchscreen support. It also has an HDMI port in case you'd rather hook it up to an HDTV for big-screen moving watching, or simply to connect an external PC monitor.
After Lenovo talked the talk, the PC builder walked the walk and made good on its promise to push Dell aside to become the world's second largest PC maker, according to the latest data from International Data Corporation (IDC). Lenovo jumped ahead of Dell by claiming a 13.7 percent share of global PC shipments in the third quarter of 2011, up from 10.4 percent one year prior. Dell, meanwhile, dropped from 12.6 percent in Q3 2010 to 12 percent currently.
Lenovo stopped just shy of declaring war on Dell in a recent public press statement declaring its intention to "surpass Dell in sales by year end and become number 2 in worldwide PC sales." There's still time left for Lenovo to make good on its prediction, but in the here and now, the OEM will have to settle for third place.
You can credit Gianfranco Lanci with helping to transform Acer from an also-ran to one of the biggest computer companies in the world during his stint as President and CEO. But then something happened. Acer's stock took a turn for the worse, the company's Board of Directors began to butt heads with Lanci over his mobile strategy, and Lanci called it quits. That was five months ago, and now Lanci has found new employment with Lenovo where he was picked up to serve as a consultant.
You don’t get a leg up on your competitors by just sitting around (unless you’re a lemming, of course). Lenovo’s staying plenty active and reaping the dividends. The company slipped past Acer to claim the spot as the world's third-largest PC manufacturer in the second quarter thanks to a ridiculous 22.9 surge in shipments, a rarity in the otherwise sluggish PC market. Now, Lenovo Chairman Liu Chuanzhi is putting his mouth where his money is; he isn’t content with the bronze medal and says Lenovo will topple Dell as the second-largest PC manufacturer in all the land by the end of the year.
There have been conflicting reports about the price of the first few manifestations of Intel’s Ultrabook concept. Doubts persist about the ability and willingness of PC vendors to sell ultra-thin and light laptops with standard voltage processors for less than $1,000, as laid out by Intel in its Ultrabook manifesto. But price is not the only concern.
Don't fight it folks, Intel's Ultrabook revolution has already begun and is getting a boost today from Lenovo, which just unveiled three Ultrabook models. These include the IdeaPad U300s, U300, and U400. All three are luxury laptops that attempt to fuse style with performance in a new breed of notebook Intel envisions taking over the mobile computing scene.
Forget about the East coast earthquakes, all the moving and shaking of late is taking place in Silicon Valley and other technology hotspots. This past week alone has seen HP's TouchPad emerge as the most sought after tablet, Steve Jobs resign as CEO of Apple, Acer post a quarterly loss for the first time in company history, and AMD finally pick a new captain.