Lenovo: An ugly picture of the PC world

Although it is one of the largest PC companies in the world, Lenovo's earnings often go unnoticed. Perhaps that is because the firm is based in China, or perhaps it is because it no longer uses the IBM (IBM) brand on its PCs, a brand that it picked up when it bought IBM's small computer operation.

Lenovo not only posted poor results for the last quarter but, in contrast to Intel (INTC), which says the PC market is bottoming, the Chinese company also predicts the year ahead will be hard.