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Sell Dell shares as Lenovo reported a big loss |
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| Feb 05, 2009 01:48 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Dell (DELL), Hewlett-Packard (HPQ), Stocks to Sell
According to Reuters, Lenovo lost almost $100 million in the last quarter. Looking ahead, "Analysts expect the current fourth quarter to be even bleaker, predicting a net loss of up to $273 million." Continue reading Sell Dell shares as Lenovo reported a big loss Sell Dell shares as Lenovo reported a big loss originally appeared on BloggingStocks on Thu, 05 Feb 2009 08:48:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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Lenovo is, by most measures, the third or fourth largest PC company in the world. As big as it is, Lenovo has just sacked its CEO and reported a big loss. This is yet another sign that demand for personal computers is falling apart and the financial results for companies in the industry are likely to go from bad to worse.Be the first to comment on this story and earn 2 points.
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