February 8, 2010
Cisco books back in the black
Austin Modine writes about Cisco’s recent quarterly revenue profits and how it may be a reflection of the improving economy.
“Cisco System’s quarterly profit surged 23 per cent as renewed interest in corporate infrastructure upgrades saw the network giant post its first sales increase in a year. Chief executive John Chambers heralded the financial results as a “clear indication” that we’re entering ‘the second phase of the economic recovery.’”
Lenovo sales surge; Company hits stride in third quarter
Larry Dignan writes about Lenovo’s third quarter financial results.
“Lenovo delivered a solid fiscal third quarter profit on strong PC sales in China and the U.S. The PC maker reported an operating profit of $99 million, a sum that doubled the second quarter tally. Fiscal third quarter revenue was up 33 per cent from a year ago to $4.8 billion. Lenovo also said that it has nine per cent worldwide market share, its highest total in its history. In a statement, the company said that it has cut expenses and is operating efficiently using Lean Six Sigma in its supply chain to squeeze costs.”
Desktops: Shift to All-in-One PCs Accelerates
The VAR Guy
Dave Courbanou writes about the all-in-one desktop PC phenomenon.
“It looks like the all-in-one (AIO) desktop PC trend is accelerating. A case in point: In just two years, 60 per cent of Lenovo’s desktop sales will involve all-in-one PCs, predicts TradingMarkets.com. VARs and partners might want to take note. Already, 30 per cent of all Lenovo desktops shipped are AIO designs, reports TradingMarkets.com. Longer term, Li Zhigang, executive for Lenovo Group Beijing says the 60 per cent prediction is likely a conservative estimate.”