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5 Things To Know From Lenovo's 'Solid' Q2 Results

Lenovo reported strong growth in its data center and PC businesses during the quarter, reversing course from its weak first quarter.

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Lenovo Is Targeting PC Share Gains With Fujitsu Deal

In tandem with the second-quarter financial results, Lenovo said it has reached an agreement to acquire a controlling, 51 percent stake in Fujitsu's PC unit, Fujitsu Client Computing Limited. Lenovo has agreed to pay about $157 million up front as part of the deal, with additional payments expected in the future based on performance. Products released by the Japan-based company will continue to be branded under the Fujitsu name, but will help Lenovo with much-needed growth in the crucial PC category. HP captured 21.8 percent of global PC market share during the most recent quarter, with Lenovo trailing in second place at 21.4 percent, according to Gartner. By comparison, a year earlier, Lenovo had led with 21 percent of the PC market to HP's 20.1 percent.

 
 
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