Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Lenovo Doing Fine On Its Own

The acquisitions of IBM's (NYSE:IBM) x86 server business and Google's (NASDAQ:GOOGL) Motorola Mobility business are certainly important parts of Lenovo's (OTCPK:LNVGY) investment outlook today, but fiscal first quarter results are a good reminder that there's a strong business here all on its own. Management continues to drive shares gains in PCs and smartphones throughout the world while simultaneously keeping firm control on operating expenses. While there are still risks attached to closing and integrating the IBM and Motorola deals, there are also opportunities for Lenovo to do even better than expected. I look at those factors as pretty balanced today and would suggest waiting for a pullback before starting a sizable...

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