Lenovo Get Stronger: Hewlett Packard (HPQ) And Dell (DELL) Get A Challenge

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By Douglas A. McIntyre Published
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Lenovo, the world’s third largest PC company increased profits in is last quarter by 13x. And, operations in the US were profitable. Lenovo’s net rose to almost $67 million. Revenue was up 13% to almost $4 billion.

Lenovo now has over 8% of the global PC market and its shipments rose over 22% last quarter.

The news will not exactly be welcome at Dell (DELL). It is now No.2 in global sales and as it tries to expand in overseas markets like China it is meeting stronger competition. In the US, firms like Lenovo, Acer, and Toshiba see a huge market where they must have success to drive up their global revenue and earnings.

Not a fabulous time for Dell to be engineering a turnaround.

Douglas A. McIntyre

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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