Chinese computer maker Lenovo Group Ltd (聯想) plans to launch a global unit to promote sales to individuals and small businesses, a company spokesman said yesterday, as the company tries to establish itself as an international competitor.
The unit will be headed temporarily by Lenovo chairman Yang Yuanqing (
Lenovo, the world's No. 3 PC maker, said in its last financial report in February that sales in North America had fallen by 4 percent as a result of intense competition.
HOME MARKET
Executives acknowledged that the company, which bought IBM Corp's personal computer unit in 2005, had yet to become a major competitor outside its home Chinese market.
The new unit is meant to expand use of Lenovo's sales model serving individual buyers and small businesses, as opposed to big, long-term corporate clients, Chen said.
Chen said he had no details of either when the unit would begin operations or how it would function.
"It is being prepared but we don't know yet when it will be announced," Chen said.
The sales model had been used successfully in test markets in Germany and India, Chen said.
PROGRESS
Lenovo has reported progress in streamlining the integration of the IBM PC unit with its other businesses.
It says profits for the quarter ending in December rose 23 percent to US$57.7 million on sales of US$4 billion, driven by a 17 percent rise in shipments in its home market.
The company said its share of the global PC market rose marginally to 7.4 percent.
But Lenovo said it was losing money in the Americas amid falling revenues.
Lenovo announced a US$100 million restructuring plan in March last year that eliminated about 1,000 jobs from a work force of 20,000.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
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