China's Lenovo buys and diversifies to outshine PC rivals

By Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, is expected on Thursday to post a two-thirds rise in quarterly profit, its fastest in 1-1/2 years, according to analysts' estimates. ...

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