Lenovo insists that it remains “fully confident” in sales performance for 2012.
The world’s No. 2 PC maker on Friday denied a story that it has lowered sales guidance for this year. A report on Thursday that said Lenovo was lowering expectations sent its shares down more than 9 percent.
“We are fully confident in our strategy, execution and expectations for our business performance,” it said in an email.
“Lenovo has issued no new guidance to suppliers or manufacturing partners regarding its growth estimates and we continue to be confident that we will outgrow the market worldwide,” Lenovo added.
Reuters and Dow Jones reported the news.
Lenovo shares rallied a bit on the reports.
Barclays, meanwhile, said Lenovo had “reiterated its guidance” for 15 to 20 percent growth in shipments. But Lenovo did not respond immediately for comment on that news, Reuters said.
Lenovo kept its guidance for sales growth of between 5 percent and 10 percent in the quarter ending June 30, compared with the previous three months, Nomura Holdings Inc. analyst Eve Jung wrote in a report Thursday, citing management at the computer maker. Growth in the September quarter “remains on track,” according to Jung.
Lenovo ranks No. 2 behind HP (NYSE: HPQ) in global sales.
(Bloomberg news contributed to this report.)
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