
While shares in Lenovo, which bought IBM's ailing personal computer business in 2005, have taken hits over concerns about consumer and corporate spending in the United States, its share price might not be the most accurate indicator of its ability to weather an economic downturn.
<A HREF="http://news.zdnet.com/2100-9584_22-6225279.html?tag=nl.e550">Lenovo shares dived more than 14 percent</A> on Wednesday after a broker cut the Chinese firm to sell on growing fears of a U.S. recession. The fall, which wiped $1 billion off its market capitalization, brought the world's No. 4 PC maker in line with larger rivals Hewlett-Packard, Dell, and Acer, whose shares have plunged 15 percent since the start of 2008 on fears that consumers and companies may cut back on their technology spending.