皇冠体育app

Business
/ / Companies

Lenovo announces strategy to boost profit

By Gao Yuan in Shenzhen, Guangdong | 皇冠体育app Daily | Updated: 2013-04-03 09:45

"Teaming up with Lenovo will help us better access the Chinese market because it has a well-established sales and service network in the country," said Marcus Stoi, president of EMC 皇冠体育app.

The US company has "several thousand" distribution channel partners in 皇冠体育app, while Lenovo has more than 20,000 partners.

Most of the servers released were mid- and low-end entry-level products. The companies pledged to invent more higher-end servers as the research and development ties strengthen.

In addition, the joint venture will face challenges from local competitors, including ZTE Corp and Huawei Technologies Ltd. Both are rolling out similar products that target mid-end clients.

"ZTE and Huawei have advantages in the telecom sector. Currently, we will focus on making hardware rather than integrating services," said Chen, adding that Lenovo will have an edge when exploring overseas markets.

Lenovo is not a newcomer in the server sector. The company released its first server in 1995, but later partnerships with technology providers such as Oracle Corp failed to boost Lenovo's enterprise business.

The company joined hands with EMC after the US company ended a decade-long reseller relationship with Dell, the world's largest PC manufacturer.

Stock in Lenovo, listed in Hong Kong, closed at HK$7.52 (97 US cents) on Tuesday, a drop of 2.46 percent compared with the previous trading day.

[email protected]

Lenovo announces strategy to boost profit

Previous Page 1 2 Next Page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US