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Consumer Electronics

Lenovo Leans On Dell And HP

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By Douglas A. McIntyre Published
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Lenovo will be a major sponsor of the 2008 Olympics. The Chinese PC company which bought the personal computer assets of IBM (IBM) will use its elevated visibility to accomplish two goals. The first is that it has 35% of the PC market in China. Dell (DELL) and Hewlett-Packard (HPQ) would like a larger piece of that, and Lenovo aims to fight them for it. China is especially important to the flagging Dell. It recently launched a PC there that retails for just over $300.

Lenovo’s second goal should be more troubling for HP and Dell. Given the global viewship of the games, Lenovo has a chance to drive awareness of its brand in places like the US and Europe where it would like to gain share.

Dell does not need another significant competitor in its home market, but one may be coming anyway.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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