Feeds

Lenovo ditches IBM from ThinkPad early

IB-who?

Reducing security risks from open source software

Lenovo, the desktop maker formerly known as IBM, is celebrating a solid set of quarterly results by announcing it will drop IBM's logo from its Think brand two years early.

Revenue for the quarter ended 30 September was up 20 per cent to $4.4bn and profit before tax and restructuring costs was $125m, up from $45m last year. Profit attributable to shareholders was $105m, up from $38m in the second quarter of last year.

Lenovo chief exec and president William Amelio said the company was making good progress and: "One important sign of this progress is our decision to completely transition our Think products from the IBM brand to the Lenovo brand two years earlier than planned."

The Chinese company will use its sponsorship of next year's Beijing Olympics to move to the Lenovo brand.

When Lenovo bought IBM's personal computing business it got the right to use the ThinkPad brand.

Notebooks were the biggest contributor to Lenovo's revenue growth - sales were up 42 per cent year on year and brought in 56 per cent of revenue in the quarter. Desktop sales grew 12 per cent to $1.8bn in total. But mobile handsets, mainly sold in China, fell 17 per cent, bringing in just $122m.

Greater China brought in revenues of $1.8bn, up 26.5 per cent on last year. The Americas contributed $1.2bn, up 12 per cent. Revenues in Europe, Middle East, and Africa were $865m, an increase of 16 per cent. Asia Pacific, except China, made sales of $539m, growth of 24 per cent.

Lenovo's press release (pdf) is here. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.