Local Tech Wire

MORRISVILLE, N.C. – , the world’s No. 4 PC maker, is continuing its binge of stock buybacks.

The Xinhua news service in Beijing reports that on Friday Lenovo bought back 2 million shares. Xinhua says Lenovo has now bought back 77 million shares over the past three months.

Lenovo shares trade at around $4.50 in Hong Kong dollars. Each HK dollar is worth about 13 cents.

The world’s No. 4 PC maker, which operates its global headquarters in Morrisville, trades its stock on the Hong Kong exchange.

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