2In the Beginning, There Was Legend
3Legend Becomes Lenovo
4Lenovo Hits It Big
IBM, which was looking to get out of the quickly commoditizing PC market it helped found two decades earlier, sold the business to Lenovo for $1.25 billion in April 2005. Lenovo immediately became a significant player in the PC industry, which only three years earlier had seen HP’s $25 billion acquisition of rival Compaq. A year later it launched its first Lenovo-branded PCs.
5Lenovo Reaches the PC Summit
It took awhile—about seven years—but Lenovo in August 2012 moved past HP and Dell to take the top spot on the list of the world’s largest PC vendors. HP would briefly take back the crown, but Lenovo later in 2013 again reached the No. 1 spot. In the first quarter, Lenovo had 18.9 percent of the PC market, according to Gartner analysts.
6Some Other Acquisitions
7Lenovo Partners With NEC
8Lenovo and EMC Join Forces
Lenovo and storage giant EMC in 2012 created a joint venture called LenovoEMC to build x86 servers for SMBs. Lenovo also agreed to OEM EMC products. The companies expanded the partnership in 2013 to develop network-attached storage (NAS) solutions for SMBs that had been offered under EMC’s Iomega division.
9Lenovo Reshapes Its Enterprise Business
10Lenovo Also Targets the Mobile Space
Days after announcing its intention to buy IBM’s commodity server business, Lenovo said it was buying Motorola Mobility from Google for $2.91 billion. Again, Lenovo already had some smartphones and tablets in the market, but the deal for Motorola made the company the third-largest smartphone maker in the world.
11Lenovo and Its PC Plus Strategy
12That’s a Lot of ThinkPads
13A Look at the Next 10 Years
On May 28, Lenovo is hosting Lenovo Tech World in Beijing, its first global tech conference. At the show, company officials will talk about plans for future devices, including smartphones, wearable technologies and smart connected devices, and will demonstrate R&D concept projects.