Lenovo Q1 profit doubles, currently the world's biggest manufacturer of PC # 3

Dr. Serkan Toto is currently working as the first and only Asian-based writer for the TechCrunch network, mainly covers with Japan technology and Web companies for TechCrunch, CrunchGear and MobileCrunch. Serkan also works full-time as an independent Internet and mobile industry consultant with a focus on the Japanese market. He is Saint lingual, holds an MBA and a doctorate in economics. Serkan ... ? Read More

Lenovo reported results for the first quarter of fiscal year today, and in a nutshell, things are looking pretty good Chinese engine. Quarterly sales rose 15 percent on year to 5.9 billion, while net income from $ 54.9 ballooned to $ 108.8 million in the same time.

Lenovo said that he grew faster than any other PC maker in the global top 5 (Dell, ASUS, HP, Acer) for the seventh consecutive quarter of 23.1% more PCS were shipped around the world than in the first quarter of last year. The company was particularly successful in China, Latin America, India, ASEAN, but also historical high market shares in North America (7%) and Western Europe (5.9%).

According to IDC, Lenovo currently controls 12.2% of the market for computers, making it the third largest vendor globally (behind HP and Dell).

In recent months, Lenovo made headlines in the business world to acquire Germany-based PC maker Medion (instantly computer manufacturer Lenovo transaction no. 2 in that country) and forming an alliance with NEC in Japan.

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Tesla's Q2 profit: steady as she goes

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Tesla released their statement by the shareholder at the second quarter of 2011, and although he does not make for the most exciting read, it was at least pretty good news. They've been on cruise control for quite some time now, if you will, design and test their model s sedan, but there are many mistakes that could have affected the process, techniques and technology that could not succeed and cost overruns that could is piled up. No, but things go as expected and the prohibition of any major upsets, they must have the model S, rolling in the middle of 2012 as planned.

Here are a few Q2 points considered a letter:

Total revenue for Q2: $ 58 million ($ 27 m Roadster, $ 19 m from Toyota RAV4 EV development, $ 11 million from the sale of transmission) projected income 2011: $ 180-190 m (against several previous estimates) operating expenses for Q2: operating expenses $ 77mProjected 2011: $ 220-245 million (compared with<$200m in="" previous="" estimates)cash="" on="" hand:="" $331mremaining="" in="" dept="" of="" energy="" loan:="" $331mfinal="" roadsters="" should="" be="" built="" by="" january="" (total="" of="" 2500="" vehicles)rav4="" ev="" development="" should="" be="" finished="" in="" early="" 2012,="" vehicle="" shipping="" that="" year="" (more="" from="" toyota="" soon)model="" s="" should="" be="" shipping="" in="" “mid-2012,”="" model="" x="" crossover="" in="" late="" 2013="" at="" the="" earliestover="" 5600="" model="" s="" reservations="" with="" accelerating="" growthmodel="" s="" currently="" in="" “beta”="" form="" with="" prototype="" tooling="" and="" processes,="" should="" enter="" “release="" candidate”="" form="" in="" q1="" 2012150="" hires="" this="" quarter,="" total="" team="" ~1400="">

And that's that. Full letter to the cost and sales disruptions can be read here (PDF) and more detailed information, including reference to a Conference of investors and Q&A can be found on the investor relations page.

In principle, we are not going to hear a lot of news until production of the model s begins hitting the car mags (we'll try to get too), model x gets leaked or previewed and RAV4 gets price and date — all of which will occur in 2012, most likely. This means that slightly more quiet neighbourhoods. With so many pre-orders for the model S, they sure have a lot of income, as soon as they start charging their customers — with hundreds of millions of dollars locked down for the next few years, they feel confident and I'm guessing their investors, as well.

Tesla Motors, Elon Musk, Marc Tarpenning and Martin Eberhard, is a company that produces high performance electric sports car and relies on a number of ...

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