China growth expected to drive Lenovo turnaround

08/5/2009 | Wall Street Journal, The

Falling demand for new PCs led Lenovo Group to post a net loss of $16.01 million for its fiscal first quarter on an 18% drop in revenues. But sales are picking up in China, where Lenovo sells almost half of its systems, leading some analysts to predict a slow recovery for the company starting before the end of this year.

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