Two out of three isn’t bad. Lenovo (OTCPK:LNVGY)
appears to be having some ongoing success in rejuvenating its PC
business, while its server/data center business continues to grow on the
back of its SDI and hyperscale efforts. Mobile is still a challenge,
but the company has seen some shipment growth improvement in North
America and has had some success with stripping costs out of this
business.
Lenovo’s improving performance hasn’t gone
unnoticed, and even with a sharp dive connected to worries about
Chinese-government sponsored “hacking”, Lenovo has outperformed many of
its consumer tech peers like Apple (AAPL) and HP (HPQ) since my last update
on the company. While expectations are still relatively low for Lenovo,
I don’t see the valuation as so unreasonable anymore, and I believe the
next leg in the company’s performance will have to be driven by better
margin performance in the non-PC operations.
Read more here:
Lenovo Now Getting A Fairer Assessment From Investors
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