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On Sale Chinese PCs – US-FOREX.US
HONG KONG – For Sale by a Chinese state-owned investment company: a minority stake in the parent of a money-losing PC company that recently fired a well-regarded CEO. Seller says the company needs better management and a new strategy. Price: 404 million, about 30% off the market price. Any takers?The asset management unit of the… »
Chinas Largesse Helps Lenovo – US-FOREX.US
HONG KONG – Because half of the low-priced computers sold in China’s rural areas carried Lenovo’s label, the world’s fourth-largest computer maker managed to trim its losses in the quarter ending in June. Lenovo reported Thursday a net loss of 16 million for the three months through June, down from a profit of 110.5 million… »