Lenovo is an innovative, international technology company formed as a result of the acquisition by the Lenovo Group of the IBM Personal Computing Division.
As a global leader in the PC market, we develop, manufacture and market cutting-edge, reliable, high-quality PC products and value-added professional services that provide customers around the world with smarter ways to be productive and competitive.
We base our success on our customers achieving their goals: productivity in business and enhancement of personal life.
Our company
Lenovo's executive headquarters are in Purchase, New York, USA with principal operations in Beijing, China, and Raleigh, North Carolina, USA and an enterprise sales organisation worldwide. The company employs more than 19,000 people worldwide.
The New Lenovo – A Marriage of Visionaries
In 1981, IBM envisioned computing at a new level – a personal level – to extend the power and the productivity of information technology from the mainframe to the individual, at home and at work. That vision led to the founding of a new unit within IBM, the Personal Computing Division, which virtually invented personal computing. PCD advanced the state-of-the-art with a series of innovations ranging from the very first laptop computers to the latest high-security technologies, such as the built-in "air-bag” that protects data, and biometric identification that protects user identity. PCD created the icon of notebook computing, the ThinkPad, and the unique software tools, known as ThinkVantage Technologies, which increase user productivity.
In 1984, not long after PCD was founded, 11 computer scientists in Beijing, China also had a vision – to create a company that would bring the advantages of information technology to the Chinese people. With RMB200,000 (US$25,000) in seed money and the determination to turn their research into successful products, the 11 engineers and researchers set up shop in a loaned space – a small, one-story bungalow in Beijing. The company they founded, Legend, opened the new era of consumer PCs in China.
Since it was established, the company has affected the lives of millions of Chinese: It first introduced PCs to households, then promoted PC usage in China by establishing retail shops nationwide. It also developed the pioneering Legend Chinese Character Card that translated English operating software into Chinese characters, and achieved breakthroughs like PCs with one-button access to the Internet.
By 1994, Legend was trading on the Hong Kong Stock Exchange; four years later, it produced its one-millionth personal computer. In 2003, Legend changed its brand name to Lenovo, taking the “Le” from Legend, a nod to its heritage, and adding “novo,” the Latin word for “new,” to reflect the spirit of innovation at the core of the company. The company name changed from Legend to Lenovo a year later.
In 2003, Lenovo introduced a self-developed collaborative application technology, which heralds the important role Lenovo is going to play in the 3C era (computer, communications and consumer electronics). These and other market-leading personal computing products catapulted Legend to a leadership position in China for eight consecutive years with over 25% market share in 2004.
Today, these two visionary companies are united under the Lenovo name. With Lenovo's landmark acquisition of IBM's Personal Computing Division in May 2005, the new Lenovo is a leader in the global PC market, with approximately $13 billion in annual revenue, and products serving enterprises and consumers the world over.
Our values
Lenovo and its employees are committed to four company values that are the foundation for all that we do:
Customer service: We are dedicated to the satisfaction and success of every customer.
Innovative and entrepreneurial spirit: Innovation that matters to our customers, and our company, created and delivered with speed and efficiency.
Accuracy and truth-seeking: We manage our business and make decisions based on carefully understood facts.
Trustworthiness and integrity: Trust and personal responsibility in all relationships.
A Heritage of Innovation and Excellence
Legend's entrepreneurial spirit and PCD's track record of breakthroughs live on in today's Lenovo, an IT giant with global reach, competing worldwide.
Globally, the company offers customers the award-winning ThinkPad notebooks and ThinkCentre desktops, featuring the ThinkVantage Technologies software tools, as well as ThinkVision monitors and a full line of PC accessories and options. The Think family is consistently ranked as the undisputed premium-brand leader in the global PC industry, with products rated "best-in-class" and "number one" in survey after survey. No other family of personal computers has won as much recognition.
In China, Lenovo commands more than one-third of the PC market, covering all segments. Its leading-edge PCs are highly acclaimed for their user-friendly, tailor-made designs and customized solutions for various customer needs, including the Tianjiao and Fengxing consumer desktops and Yangtian and Kaitian enterprise desktops. Lenovo also has a broad and expanding product line encompassing mobile handsets, servers, peripherals and digital entertainment products for the Chinese market.
Allied with IBM to Offer a Total Solutions Portfolio
Lenovo and IBM have a strategic alliance designed to provide a best-in-class experience for enterprise customers. The companies have entered into significant, long-term agreements that give customers preferred access to IBM's world-class customer service organization and global financing offerings, and that enable Lenovo to take advantage of IBM's powerful worldwide distribution and sales network.
Lenovo's customers are able to count on the entire IBM team – including sales, services and financing – for access to IBM's legendary end-to-end IT solutions. As part of a five-year commitment, IBM will also provide Lenovo with warranty services and offer Lenovo customers leasing and financing arrangements. Through this long-term relationship, customers will receive the best products with the lowest total-cost-of-ownership.
Rich in Research & Development Talent
Customers of the new Lenovo will benefit from the union of PCD's and Lenovo's extraordinary R&D capabilities. Lenovo's global research and development centers in China, Japan and the US have produced some of the world's most important advances in PC technology. The company is rich in talent, with teams who have won hundreds of technology and design awards – including more than 2,000 patents – and introduced many industry firsts. And many more are on the way.
The goal of Lenovo's R&D team is ultimately to improve the overall experience of PC ownership while driving down total cost of ownership. In turn, this commitment distinguishes Lenovo from its competitors and attracts PC customers who demand the increased productivity that real innovation provides.
A Good Neighbor, Next Door and Around the World
Lenovo is committed to being a responsible and active corporate citizen, consistently working to improve its business while contributing to the development of society. Lenovo believes that business is an integral part of society and it is dedicated to working together with its employees and local communities to improve the quality of life at work and at home.
In 2003, at the height of the SARS epidemic in China, Lenovo donated funds to support the prevention of the disease, with employees voluntarily raising additional donations for this important cause. And, in 2005, the company donated funds to South Asian countries devastated by the tsunami.
Lenovo also has been a major supporter of sports and physical fitness in China. In 1999, the company sponsored the Chinese national women's soccer team and two years later sponsored Beijing's successful bid to host the 2008 Olympic Games.
A tradition of social responsibility and corporate philanthropy is another shared value common to both PCD and Lenovo. PCD has donated ThinkPad notebooks and ThinkCentre desktops to a wide variety of nonprofit organisations around the world, and its employees have also donated thousands of volunteer hours to local causes.
An Olympic Partner for the Turin and Beijing Games
Thinking globally, in 2004, Lenovo became the first Chinese company to join the Olympic Partner Program. As a worldwide sponsor with the International Olympic Committee, the company will be a major supplier of computing equipment – such as desktop and notebook computers and servers – and funding in support of the 2006 winter games in Turin, Italy and the 2008 summer games in Beijing, China. This major sports marketing initiative will help introduce the Lenovo brand around the globe.
company history
1980s
1981: IBM PCD introduces its first Personal Computer, the IBM PC.
1984: IBM PCD introduces its first portable computer, the IBM Portable PC, weighing 30 pounds.
With an initial capital outlay of only RMB200,000, (US$25,000) Lenovo’s founding chairman Liu Chuanzhi, together with 10 like-minded colleagues, founds the New Technology Developer Inc. (the predecessor of the Legend Group) funded by the Chinese Academy of Sciences.
1986: IBM PCD announces its first laptop computer, the PC Convertible, weighing 12 pounds.
1987: IBM PCD announces the Personal System/2 personal computer.
Legend successfully rolls out the Legend Chinese-character card.
1988: Legend’s Chinese-character card receives the highest National Science-Technology Progress Award in China.
Legend Hong Kong is established.
1989: Legend Computer Group Co. is established.
1990s
1990: The very first Legend PC is launched in the market. Legend changes its role from that of an agent for imported computer products into that of a producer and seller of its own branded computer products. Legend PCs are ratified and accepted by the China Torch Program.
1992: IBM PCD introduces ThinkPad, the industry’s first notebook with a 10.4 inch color Thin Film Transistor (TFT) display and a TrackPoint (red ball) pointing device.
Legend pioneers the home PC concept and Legend 1 + 1 home PCs enter the Chinese marketplace.
1993: Legend enters the Pentium era, producing China’s first “586” PC. Legend establishes 1+1 retail network.
1994: IBM PCD introduces the industry’s first notebook with integrated CD-ROM, the ThinkPad 755CD.
Legend is listed on the Hong Kong Stock Exchange. The Legend PC business division is formally established.
1995: IBM PCD introduces the “butterfly” keyboard.
IBM PCD moves from Boca Raton, Florida, to Raleigh, North Carolina.
Legend introduces the first Legend-brand server.
1996: Legend becomes the market share leader in China for the first time.Legend launches the first multi-function laser printer.
Legend introduces the first Legend brand laptop.
1997: IBM PCD introduces the industry’s first notebook equipped with a DVD-ROM, the ThinkPad 770.
Legend signs an Intellectual Property agreement with Microsoft, the most valuable deal ever made in China at the time.
Legend launches the first multi-function laser printer.
1998: IBM PCD introduces the industry’s first ThinkLight, a small light that illuminates the keyboard in low-light work environments, such as onboard an airplane.
The millionth Legend PC comes off the production line. Intel Chairman Andy Grove attends the ceremony, and takes the PC for Intel’s museum collection.
Legend establishes the first Legend Shop.
Legend introduces the happy family software, which is pre-installed in all Legend home PCs. It further boosts Legend market share up to 14.4%.
1999: IBM PCD introduces the industry’s first mini-notebook, weighing under three pounds, with standard ports and a keyboard that is 95 percent of full-size.
IBM PCD announces its exit from the retail business.
IBM PCD introduces the industry’s first PC with an embedded security chip.
Legend becomes the top PC vendor in the Asia-Pacific region, and heads the Chinese national Top 100 Electronic Enterprises ranking.
Legend launches pioneering Internet PC, with its "one-touch-to-the-net" feature, which enables millions of Chinese PC users to easily access the Internet.
2000s
2000: IBM PCD ships its 10-millionth ThinkPad notebook PC.
Legend stock price dramatically increases. Legend becomes a constituent stock of the Hang Seng Index - HK flagship high-tech stock.
Legend ranked in top 10 of world's best managed PC venders.
Legend named "The Company in the PRC" by various world famous investor relations magazines.
2001: An IBM notebook with an embedded security chip becomes the industry’s first notebook to be certified by the Trusted Computing Platform Alliance, an industry body setting data security standards.
Legend successfully spins off Digital China Co. Ltd., which is separately listed on the Hong Kong Stock Exchange.
Yang Yuanqing appointed President and CEO of Legend.
Legend first introduces "digital home" concept and launches accessories-enabling PC.
2002: IBM PCD introduces ImageUltra and Rapid Restore, the first automatic data recovery technologies of their kind.
IBM PCD announces desktop PC outsourcing pact with Sanmina-SCI.
Legend launches its first technological innovation convention, “Legend World 2002,” which opens up Legend’s “Technology Era”. Legend introduces its visionary concept for the future of technological development and applications, its Collaborating Applications project, as well as its strategies for implementing Collaborating Applications.
Legend’s supercomputer, the DeepComp 1800 makes its debut. It is China’s first computer with 1,000 GFLOP (floating point operations per second) and China’s fastest computer for civilian use, ranked 43rd in the Top 500 list of the world’s fastest computers.
The mobile handset joint venture announced, marking Legend's formal entry into the mobile handset business.
2003: IBM PCD introduces the industry’s first notebook with an extended battery life of up to 11 hours.
IBM PCD introduces its ThinkCentre desktop PC line.
IBM PCD introduces its Active Protection System, the industry’s first notebook with an airbag for hard drive and data protection in case the system is dropped.
IBM PCD ships its 20-millionth ThinkPad notebook PC.
Legend announces the birth of its new "Lenovo" logo to prepare for its expansion into the overseas market.
Based on the collaborative application technology, Lenovo initiates IGRS Working Group, in cooperation with a few large companies and the Chinese Ministry of the Information Industry, to promote the formation of the industrial standard.
Lenovo launches a Tech RoadShow 2003 nationwide to promote Lenovo's innovation.
Lenovo successfully develops DeepComp 6800 in November 2003. It ranks 14th on the global list.
2004: IBM PCD introduces the ThinkCentre ultra small desktop PC, no larger than a box of corn flakes.
IBM PCD introduces the first notebook with an integrated fingerprint reader.
IBM PCD ships its 100-millionth PC (counting both desktop and notebook computers).
Lenovo becomes the Olympic worldwide partner. It is the first Chinese company to become a computer technology equipment partner of the IOC.
Lenovo decides to develop the rural market by launching the "Yuanmeng" PC series designed for township home users.
Lenovo and IBM announce an agreement by which Lenovo will acquire IBM’s Personal Computing Division, its global PC (desktop and notebook computer) business. The acquisition forms a top-tier (third-largest) global PC leader.
2005: Lenovo completes the acquisition of IBM's Personal Computing Division, making it a new international IT competitor and the third-largest personal computer company in the world.
Lenovo announces the closing of a US$350 million strategic investment by three leading private equity firms: Texas Pacific Group, General Atlantic LLC and Newbridge Capital LLC.
Lenovo establishes a new Innovation Center in Research Triangle Park, N.C., to enable customers, business partners, solution providers and independent software vendors to collaborate on new personal computing solutions.
Lenovo introduces the industry's thinnest, lightest and most secure Tablet PC, the ThinkPad X41 Tablet.
Lenovo introduces the first widescreen ThinkPad with embedded wireless WAN, the ThinkPad Z60, available for the first time with a titanium cover.
Lenovo becomes the world's largest provider of biometric-enabled PCs by selling its one-millionth PC with an integrated fingerprint reader.
William J. Amelio is appointed as CEO and President of Lenovo
2006: Lenovo introduces the first dual-core ThinkPad notebook PCs, improving productivity and extending battery life for up to 11 hours.
Lenovo technology flawlessly supports the 2006 Olympic Winter Games in Torino, Italy, supplying 5,000 desktop PCs, 350 servers and 1,000 notebook computers. Lenovo also hosts seven Internet i.lounges for use by Olympic athletes and visitors.
The first Lenovo-branded products outside of China debut worldwide. Researchers, scientists and product design teams from around the world combine Lenovo's heritage in enterprise and consumer PC technology to design the Lenovo 3000 product line, which features new desktop and notebook models specifically designed to provide worry-free computing to the small business market segment.
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