The Best (And Worst) Third-Quarter Technology Vendor Stocks


Lenovo Group

CEO: Yang Yuanqing

June 28, 2013: $18.09
Sept. 30, 2013: $21.07
Change: 16.5%

Lenovo has been one of the few companies having any success in the struggling PC industry. In July, market share numbers released by IDC showed that Lenovo had surpassed HP as the No. 1 vendor in the PC arena by shipping 12.6 million PCs in the second quarter (compared to HP's 12.4 million).

In August, the company reported that sales in its first fiscal quarter grew 9.7 percent to $8.79 billion, while net income surged 23 percent to $173.9 million.

The gain in Lenovo's stock price in the third calendar quarter is in contrast to the 1.1 percent decline in share value in the first half of the year.

 



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