What was lenovo called before

When I asked Hortensius what the company would look like in another 10 years, he said Lenovo, under the leadership of Chairman and CEO Yang Yuanqing, the company will grow in all of the categories they compete in now, and did not rule out the idea that over time the company could broaden its product portfolio still further.

From my experience, Lenovo is an extremely focused company that is highly disciplined, with a powerful leadership team that seems to all be on the same page. Now we know. Tim Bajarin is recognized as one of the leading industry consultants, analysts and futurists, covering the field of personal computers and consumer technology. Bajarin is the President of Creative Strategies, Inc and has been with the company since where he has served as a consultant providing analysis to most of the leading hardware and software vendors in the industry.

Contact us at letters time. It was under this new name that Lenovo would have its first successes. Lenovo had a slow, difficult start. The small staff minimized expenses by walking to and from the office instead of using public transportation. The response was overwhelming: Out of more than applicants, a written exam was given to candidates; from that group, there were candidates to receive interviews and 58 who were given official offers and brought on board. According to records, the average age of the hirees was 26 and all but three had at least an undergraduate degree.

But perhaps the most interesting factoid about this first wave of hirees is that one of those individuals was Yang Yuanquing, the current CEO of Lenovo. Previously known as Legend since , the company began to undergo a major rebranding in After announcing the new name, Lenovo initiated a rather elaborate marketing campaign. The company purchased huge billboards all over the world and aired television commercials during peak viewing times.

The company became more internationally recognized as a result of the partnership Lenovo started with Microsoft in Looking back, this was one of the best business moves that Lenovo has made to date. Although we had already prepared an announcement, we had to be prepared for any last-minute changes made during the night.

We had to make sure we published the statement at the right time and also that the agreement complied with all regulations. It was exciting and we — the whole team — were experienced in dealing with this kind of transaction as this was the eighth acquisition since the IBM PCD deal in We worked very closely with other professional parties to make sure we complied with the listing rules requirements and that all information went out to the public in a fair way.

Timing was critical. The Hong Kong stock exchange has a specific time slot for putting up announcements. If you miss the 8. Another difficulty is controlling the flow of information.

You have to keep news of the deal confidential until it is signed and an announcement can be made. We had very strict internal procedures in the company to control these things.

Does the current announcement slot cause problems for companies disclosing important events in other time zones? Currently, the announcement time in the morning session is only am—am. How do you expect them to fulfil the requirements when they also want to hold a press conference in the US before the market closes there? This is not the way to do business. Other than the four locations that you mention, we have operational centres located strategically around the world to drive global and local business.

Our dispersed structure also keeps us closer to customers, enabling us to react more quickly to local market requirements. Being a global company, are there other international securities regulatory issues you need to consider?

For the board of directors and senior management corporate social responsibility CSR is always high on the agenda. At the time, language was an issue, with the American IBM executives speaking English and some of the Lenovo Chinese board not being fluent. The company went from seven Chinese board members to bringing on five English-speaking U.

The workforce itself doubled, too, as the company became a multinational. It was decided that English would be the primary language for doing business within Lenovo because they wanted to become global players. They believed that conducting business in English would attract more international, high-caliber talent to their board and executive ranks. Born in , Yuanqing has been with Lenovo since , back in its fledgling days as Legend.

A natural at sales, Yuanqing was also known for being quiet and contemplative — attributes that appealed to Lenovo founder Chuanzhi, who promoted Yuanqing to head their personal computer division at the age of Yuanqing would be CEO by 37 when Chuanzhi retired. Yuanqing makes headlines around the world based on his business smarts alone, but his leadership goes well beyond the trading bell and sales desk. Yuanqing was just 41 and serving as chairman of the board when he negotiated a deal with Bill Gates and Windows: They'd preinstall the Windows operating system on all Lenovo computers in China and Microsoft would provide marketing assistance and a rebate on Windows sales.