UPDATE 2-Lenovo Q1 beats forecasts; outlook worries hits stock

jueves 6 de agosto de 2009 05:32 CEST
 

* Q1 net loss $16 mln versus $54 mln loss consensus forecast

* Says operating environment remains challenging

* To invest further in China for expansion

* Shares fall as much as 13 pct in last two sessions

* Stock still up 68 pct so far this yr, outperforms market

(Adds analysts' comments, share move)

By Kelvin Soh and Donny Kwok

TAIPEI/HONG KONG, Aug 6 (Reuters) - Lenovo (0992.HK: Cotización), the world's No. 4 PC brand, reported a smaller-than-expected first-quarter loss, thanks to demand stoked by China's massive stimulus package, but its stock fell on cautious comments.

Lenovo has been worse hit than rivals such as Acer (2353.TW: Cotización) and HP (HPQ.N: Cotización) in the downturn due to its reliance on corporate spending, stemming from its purchase of IBM's (IBM.N: Cotización) laptop PC arm in 2004, analysts said.   Continuación...