{"id":16348,"date":"2012-06-25T10:56:07","date_gmt":"2012-06-25T08:56:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=16348"},"modified":"2012-06-25T13:14:03","modified_gmt":"2012-06-25T11:14:03","slug":"lenovo-shares-drop-on-shaky-outlook","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/16348\/lenovo-shares-drop-on-shaky-outlook\/","title":{"rendered":"Lenovo shares drop on shaky outlook"},"content":{"rendered":"

Shares of Lenovo Group Ltd<\/a>, the world’s No.2 PC maker, fell by more than 6 percent to a more than four-month intraday low on market concern over the outlook for the PC market amid the global economic slowdown.<\/p>\n

Lenovo’s shares fell as much as 6.3 percent to HK$6.26 in afternoon trade, extending earlier losses and hitting the lowest intraday level since February 9.<\/p>\n

“The huge increase in volume suggests that a major holder is now exiting the stock,” said a trader who declined to be identified because he was not authorized to speak to the media.<\/p>\n

An analyst said Lenovo’s stock had outperformed peers such as market leader Hewlett-Packard Co<\/a> and No.3 PC vendor Dell Inc<\/a> this year, but worries over Europe’s economy and a further slowdown in China might dampen PC demand and could affect the Chinese company.<\/p>\n

Lenovo shares are still up 22 percent so far this year, outperforming the main Hang Seng Index’s 2.9 percent gain, Dell’s 16.7 percent fall and HP’s 20.1 percent loss.<\/p>\n

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Lenovo triples SA market share<\/strong><\/a><\/p>\n

Lenovo looks to lay pressure on HP, Dell<\/strong><\/a><\/p>\n

HP, Dell not seeing change in ill fortunes<\/strong><\/a><\/p>\n

Lenovo beats forecasts<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Lenovo Group Ltd, the world’s No.2 PC maker, fell by more than 6 percent to a more than four-month intraday low on market concern over the outlook for the PC market amid the global economic slowdown.<\/p>\n","protected":false},"author":7,"featured_media":5840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,1388,1183,3294,173],"class_list":["post-16348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-lenovo","tag-outlook","tag-pc-market","tag-shares"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=16348"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16348\/revisions"}],"predecessor-version":[{"id":16396,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/16348\/revisions\/16396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5840"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=16348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=16348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=16348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}