08/08/2008
European demand supports Lenovo
Chinese PC maker Lenovo has reported upbeat quarterly profits as it improved market share in Europe.
The firm, which is one of the official partners for the Beijing Olympics, said net income grew 65% to $110.5m (£56.8m) in the three months to June.
Sales rose 10.5% to $4.2bn, with sales in Greater China up 22% to $1.7bn, while sales in the Americas fell 4.8%.
The firm saw sales in Europe, the Middle East and Africa rise to $904m from $755m the year before.
Broad-based growth
"Lenovo is growing across geographies and product lines, continuing to bolster its already strong position in both developed markets and the fast-growing emerging markets," said Chairman Yang Yuanqing.
Best known for its Thinkpad slim-line computers, it said demand for these type of laptops continued to be the largest contributor to total sales.
Lenovo is the fourth biggest computer manufacturer in the world behind Taiwanese computer firm Acer and Hewlett Packard and Dell of the US.
It established itself as a global player in 2005 when it bought IBM's PC operations.
08:55 Permalink | Comments (0) | Email this | Tags: China, European, IBM, Lenovo
08/05/2008
Solana talks to Iranian nuke negotiator by phone
E.U. foreign policy chief Javier Solana is pictured before a meeting on nuclear issues with Iran's chief nuclear negotiator Saeed Jalili at the Town Hall in Geneva July 19, 2008
BRUSSELS, Aug. 4 -- The European Union foreign policy chief Javier Solana held on Monday a phone conversation with Iran's top nuclear negotiator Saeed Jalili, according to a news release from Solana's office.
During the conversation, they discussed the Iranian nuclear issue, as a follow-up to the meeting they had in Geneva on July 19,the news release said.
The news release did not give more details about their conversation, but said that "Solana will be in touch with the authorities of China, France, Germany, Russia, the United Kingdom and the United States".
Their talks came two days after the expiration of a deadline set at the Geneva meeting for Iran to give "a clear answer" to an incentive package the six nations have offered it for the suspension of its uranium enrichment.
Iran did not give any answer by the Saturday deadline concerning the package, which Solana handed to the Iranian authorities in June on behalf of the six countries.
08:30 Permalink | Comments (0) | Email this | Tags: Solana, Iran, negotiator, phone

