Yang: Lenovo's share price falls again of course to buy back

Yeung Wangfangjie yesterday, Yang, the chairman of the CPPCC and the head of Lenovo Group, accepted an exclusive interview with the first financial daily, saying that Lenovo's current growth is very good, and over the past few months has produced more than expected performance, and hopes to increase market share through innovation and to approach the market leader.　　On whether Lenovo (0992.HK) has further stock buybacks, Mr Yang said that, depending on the stock price and the stock market, if Lenovo's share price was low, the company had cash on hand and, of course, buy it back. At present, Acer has posed a great challenge to Lenovo in the global context. According to IDC and Gartner, a market-research firm, Acer surpassed Lenovo as the world's third-largest computer producer in 2007 and further expanded in the fourth quarter: Acer's market share is 9.6%, Lenovo's 7.5%, according to IDC data.　　Gartner estimates that Acer's market share is 9.5% and Lenovo is 7.7%. Yang believes that Lenovo's growth is very fast. Consolidated IBM PC Business for three years, both turnover, profit and shareholder returns have reached Lenovo's target of three years ago, successfully turning IBM PCs from losing 200 million ~3 billion dollars a year to profitability. "Now we are starting to make money in all of IBM's original markets," he said.　　"In particular, the European market has reached a 5%~6% net profit," Yang said. As for Lenovo's next stage of the target, Yang said Lenovo certainly wants to increase market share and approach the market leader, "We hope Lenovo is the most innovative company in the PC market, we hope that the product can be both innovative and high-quality, we do not want to because we are a Chinese brand, Internationally, we think we are low quality and low price product image.　　Yang said Lenovo should be positioned properly and appropriately. Late last year, Lenovo set up a global consumer products group, launched the idea of a new consumer goods brand and announced it would enter the global consumer PC market in the first quarter of this year. Yang believes that Lenovo's future growth in space is very large. "We have a market share of nearly 30% in China, and there is only 5%~6% in other places and we have a lot of room to grow."　　"Yang said, especially in the consumer computer field, because the acquisition of IBM PCs mainly in the commercial sector, the past IBM's strengths are mainly large enterprise users, small and medium-sized enterprises and consumer computers are weaker, share is very low, Lenovo has the intention in the next few years to strengthen the product and market offensive. After the Beijing Olympic Games, Lenovo will give up the opportunity to continue to become the top partner of the Olympic Games, Yang said, after the Olympic Games Lenovo brand promotion idea is more use the market local some more popular sports events to promote products.　　For example, Europe's F1 car, football and the American NBA. Recently, because of the low share price, Lenovo bought 5.654 million shares, the Yang believes that Lenovo is very confident of their future, and that future performance will meet market demand, but the current share price does not necessarily reflect the LenovoValue and future prospects, Lenovo feels that buying back shares is a better return to shareholders. Yang believes Lenovo does not rule out the next buyback plan, according to Lenovo's share price and stock market.