The acquisitions of IBM's (NYSE:IBM) x86 server business and Google's (NASDAQ:GOOGL) Motorola Mobility business are certainly important parts of Lenovo's (OTCPK:LNVGY)
investment outlook today, but fiscal first quarter results are a good
reminder that there's a strong business here all on its own. Management
continues to drive shares gains in PCs and smartphones throughout the
world while simultaneously keeping firm control on operating expenses.
While there are still risks attached to closing and integrating the IBM
and Motorola deals, there are also opportunities for Lenovo to do even
better than expected. I look at those factors as pretty balanced today
and would suggest waiting for a pullback before starting a sizable
position here.
Follow this link to the full article:
Lenovo Doing Fine On Its Own
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