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Detail Lenovo Logo

Added : 1st August 2011
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Description About Lenovo Logo

Lenovo Logo Wallpapers – Lenovo is the largest personal computer manufacturer in the People’s Republic of China (26% market share) and since taking over the PC division of IBM’s fourth-largest in the world (9.7% market share). Its main shareholder is the Legend Holdings (42% share), which in turn belong to 65% of the state Chinese Academy of Sciences.

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In 1984, a group of young Chinese scientists, the company. They were limited to the sale of computers and printers, the IBM, and Hewlett-Packard ACT. Lenovo introduced its own devices the late 80s on the market.¬†In 2004, the company is market leader in the Chinese market. The world market share was 2.3% at the same time. Lenovo announced early December 2004 to try to take over the PC division of IBM for 1.75 billion U.S. dollars. Its global market share was 6%. On 9 March 2005 authorities approved the takeover of the United States, on 1 May 2005, was officially completed. The company’s headquarters was then relocated to Raleigh, North Carolina, with principal offices in Beijing and Singapore. Stephen Ward, former head of the PC division of IBM, has been appointed CEO of the combined company. Yang Yuanqin, former CEO of Lenovo took over the post of Chairman of the Board. The sales of Lenovo Group rose with the merger of 2.9 billion U.S. dollars in 2005 to 13.3 billion U.S. dollars in 2006.

In January 2011 it was announced that NEC will merge and Lenovo in the PC business. Through joint development, production and procurement of materials to develop synergies that will help both companies to shrink the gap to market leader HP. The new joint venture is 51% to 49% of Lenovo and NEC. In addition to the final products are still sold under the existing brand name. Lenovo offered in early June 2011 629 million euros for the Medion AG.

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