Legend 1H Net Profit Up 285% to HK$453.44 Mln (Update1) Nov 07, 2001 - 15:03:38 HKT Quamnet News Service Legend Holdings Ltd. (0992), China's No. 1 computer maker, said its net profit rose 285 percent to HK$453.44 million for the six months ended September from a year earlier. Basic earnings per share were 6 HK cents versus 1.58 HK cents.
During the six months, revenue fell 12.2 percent to HK$11.54 billion, mainly due to disposal and the spin-off of subsidiaries. Legend spun off its distribution unit Digital China Holdings Ltd. (0861) on June 1.
Of total revenue, corporate IT business accounted for 43 percent while consumer IT business represented 34.2 percent. Contract manufacturing made up 7.7 percent.
An interim dividend of 1.5 HK cents will be distributed, compared with 1.1 HK cents a year earlier.
Legend, IBM in Strategic OEM Relationship for Storage Technology Nov 06, 2001 - 18:14:10 HKT Quamnet News Service Legend Holdings (0992), China's No. 1 computer maker, said it forged a strategic OEM relationship with IBM for storage technology, products and market support in China.
Legend will integrate and market IBM RAID (redundant array of independent disks) and storage subsystem technology spanning from Mylex server-based RAID controllers to external storage enclosures and subsystems.
IBM also plans to provide Legend with marketing and technical training and local support to build a strong foundation for storage and RAID product knowledge.
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