When Lenovo bought IBM’s personal computer division, it envisioned itself taking over the U.S. computer market. What it didn’t count on was the U.S. falling into such a severe recession that business would fall like a rock.
Lenovo is so pessimistic about the U.S. market that it announced last week that it was going to concentrate its efforts on the Asia markets and especially in China where it gets 45% of its sales.
If Lenovo is de-emphasizing its U.S. business, you should be asking yourself what that means to companies like Hewlett Packard, Dell, Intel, AMD, and Microsoft.
