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Lenovo CEO says acquisitions to hit short-term performance

13
Feb
2014

BEIJING (Reuters) – Lenovo Group Ltd’s recent string of multi-billion-dollar acquisitions will have a negative impact on the Chinese personal computer maker’s performance in the short term, Chief Executive Yang Yuanqing said on Thursday. In a telephone interview after the company’s third-quarter earnings announcement, Yang said that the company will be able to turn around the loss-making Motorola business it bought from Google Inc last month for $2.9 billion within “a couple of quarters”. …

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