Lenovo to Drop IBM Branding from Thinkpads
Lenovo just announced their second fiscal quarter results, ending Sept.
30th. Quarterly revenue jumped 20% to $4.4 billion, with pre-tax income
of 125 million, up 177%. With results like these, Lenovo is convinced
it no longer needs to rely on IBM branding for their Think series of
products, and they plan to drop it two years earlier than planned.
"By making substantial progress on all of our critical priorities over the past few quarters, we're now a stronger, healthier company," said William Amelio, chief executive of Lenovo, in a press announcement relating to its quarterly results. The company made $4.4bn (£2.2bn) quarterly revenue, an increase of 20 percent on the previous year, with profits nearly tripled at $105m (£50m). "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."
"By making substantial progress on all of our critical priorities over the past few quarters, we're now a stronger, healthier company," said William Amelio, chief executive of Lenovo, in a press announcement relating to its quarterly results. The company made $4.4bn (£2.2bn) quarterly revenue, an increase of 20 percent on the previous year, with profits nearly tripled at $105m (£50m). "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."
So, if you're a fan of that IBM logo on your Thinkpad, you'd better buy existing inventory soon.
