LIZ: LOOK AT THE NASDAQ.
ANY GAIN ABOVE 60, THAT'S A
REALLY NICE MOVE, AND YOU CAN
BET THAT TECH-HEAVY NASDAQ IS
WHAT A LOT OF PEOPLE HERE AT CES
LAS VEGAS ARE ALWAYS WATCHING.
I'VE GOT TO ASK YOU, THOUGH,
WHICH TECH COMPANY DO YOU THINK
DOMINATES THE LAPTOP AND PC
WORLD?
APPLE, HEWLETT-PACKARD, DELL?
IF YOU GUESSED ANY ONE OF THOSE,
YOU ARE TOTALLY AND UTTERLY
WRONG.
IT IS CHINA'S LENOVO.
WHAT MAKES CHINA'S LENOVO
SUCCESS SO INTRIGUING IS THAT
THEY SCOOPED UP AN IBM CASTOFF,
THE THINKPAD, AND TURNED IT
AROUND INTO NOW THE LARGEST
MARKET SHARE LAPTOP AND PC
COMPANY ON PLANET EARTH.
ONCE LEFT FOR DEAD, THE THINKPAD
GOT SCOOPED UP BY LENOVO BUT
TODAY, LENOVO ISN'T JUST A
CHINESE COMPANY.
THEY'VE GOT A HEADQUARTERS IN
NORTH CAROLINA AS WELL.
ONE OF THE SO-CALLED RED CHIP
STOCKS, THESE ARE CHINESE
COMPANIES THAT ARE INCORPORATED
OUTSIDE THE MAINLAND CHINA AND
THEY ARE LISTED IN HONG KONG TO
ALLOW OVERSEAS INVESTMENT BUT
CAN LENOVO HOLD ON AS JUST ABOUT
ALL OF ITS PRODUCTS, TABLETS,
SMARTPHONES, TVs, EVEN DATA
CENTERS, ARE VULNERABLE TO BOTH
THE TRADE WARS AND THE BATTLE
FOR PRIVACY?
WE HAVE THE PRESIDENT OF LENOVO
NORTH AMERICA IN A FOX BUSINESS
EXCLUSIVE.
THANK YOU FOR TAKING TIME OUT TO
TALK TO US.
>> GOOD TO BE HERE.
LIZ: I JUST THREW A WHOLE
PANOPLY OF ISSUES AT YOU.
WHICH ONE WORRIES OR CONCERNS
YOU THE MOST THAT YOU'RE DEALING
WITH?
>> FIRST OF ALL, THANKS FOR THE
ACCOLADES.
WE ARE EXTRAORDINARILY PROUD OF
OUR RESULTS.
WE ARE THE FASTEST GROWING PC
MANUFACTURER IN THE WORLD LAST
QUARTER, WE ARE BACK ON TOP AS
NUMBER ONE AND WHAT I TAKE A LOT
OF PRIDE IN IS NORTH AMERICA
CONTRIBUTED HUGELY TO THAT
SUCCESS.
OUR BUSINESS WAS RECORD REVENUE,
RECORD MARKET SHARE JUST UNDER
16 POINTS.
AS MUCH AS WE ARE HUGE ON THE
GLOBE, WE STILL HAVE A LOT OF
HEAD ROOM HERE IN THE LARGEST
I.T. MARKET IN THE WORLD THAT IS
U.S.
WE ARE FIRING ON ALL CYLINDERS.
IT ALL STARTS WITH PRODUCT AND
WE HAVE A WONDERFUL YEAR AHEAD.
LIZ: OKAY.
I HAVE TO ASK YOU, DO YOU REALLY
THINK THAT IF IBM, I'M SORRY,
IBM IS SO YESTERDAY AND RIMETI
DIDN'T WANT TO TALK ABOUT
BUSINESS BUT LENOVO DOES.
I WILL SAY IT NOW, IF THEY HAD
HELD ON TO THE THINKPAD
BUSINESS, DO YOU THINK IT WOULD
HAVE BEEN NUMBER ONE IN MARKET
SHARE THEN?
WHAT DID LENOVO DO, THE NUMBER
ONE THING, WHERE YOU TOOK A
DISCARD AND FIXED IT AND MADE IT
INTO A DIAMOND?
>> LOOK, WE ARE ALL ABOUT
DRIVING INTELLIGENT
TRANSFORMATION.
BY THAT, WE ARE RELENTLESSLY
FOCUSED ON CHANGING THE TRENDS
WHERE PEOPLE LIVE, WORK AND PLAY
AND WE BUILD PRODUCTS THAT
CHANGE PEOPLE'S LIVES AND ARE
TRULY, YOU KNOW, OUT THERE
WHETHER YOU ARE A FORTUNE 500
CUSTOMER OR WHETHER YOU ARE IN A
CLASSROOM OR A CONSUMER, OUR
PRODUCTS TRULY DO CHANGE THE WAY
PEOPLE LIVE AND BETTER THE
WORLD.
SO A LOT OF LENOVO INNOVATIONS
ARE OUR OWN BUT ALSO, LENOVO HAS
DONE A REALLY GOOD JOB OF
LISTENING TO CUSTOMERS, MAKING
SURE WE ARE ADDRESSING ALL THE
POINTS AND REALLY BRING TO
MARKET THE BEST PC ON THE
PLANET.
LIZ: YOU HAVE A PC HERE.
CAN WE SEE IT?
>> WE DO.
ONE OF THE THINGS I'M REALLY
EXCITED, THIS IS THE THINKPAD
YOU TALKED ABOUT, THE SEVENTH
GENERATION THINKPAD.
IT IS THE LIGHTEST AND FITTEST
NOTEBOOK ON THE FACE OF THE
PLANET.
WE MADE THREE SIGNIFICANT
IMPROVEMENTS.
THIS IS WHAT ALL COMPETITORS
WANT.
CARBON X-1 FIBER, YOU CAN SEE IT
LIKE IT'S A FANCY SPORTS CAR.
WE ARE EXTRAORDINARILY PROUD WE
LISTENED TO OUR CUSTOMERS.
IT'S BEAUTIFUL, IT'S LIGHT AND
BEAUTIFUL.
WE HAD TWO SPEAKERS ON THE
UNDERPANEL.
WE NOW HAVE FOUR SPEAKERS ON THE
TOP WITH FOUR MICROPHONES.
LIZ: SO MY KIDS PLAY FORTNITE
AND IT WILL BLAST MY EARS.
>> YOU WON'T HEAR ANYTHING ELSE.
IT'S THAT GOOD.
CINEMA QUALITY.
LIZ: THE ROAD TO SUCCESS FOR
LENOVO IS NOT WITHOUT POTHOLES.
YOU SETTLED WITH I BELIEVE THE
FTC IN 2017 ON CHARGES THAT YOU
HAD PREINSTALLED SOFTWARE THAT A
THIRD PARTY COULD USE TO GOOF UP
ALL KINDS OF INFORMATION FROM
THE PEOPLE WHO OWN THESE
LAPTOPS.
HOW DID YOU GET THE CUSTOMERS'
RESPECT BACK?
BECAUSE PRIVACY IS SUCH A BIG
ISSUE RIGHT NOW.
>> LOOK, THERE'S NO DOUBT ABOUT
IT, WE THINK SECURITY IS VERY
IMPORTANT.
FROM A SUPPLY CHAIN STANDPOINT
WE OWN MORE OF OUR SUPPLY CHAIN
THAN ANY OTHER PC MANUFACTURER
ON THE PLANET.
WE HAVE A LOT MORE CONTROL OVER
THESE THINGS.
FROM A SECURITY STANDPOINT, ON
OUR DEVICES, OUR NEW THINK
SHIELD PROGRAM HAS THINGS IN
TERMS OF PRIVACY GUARD, BEST IN
CLASS, THAT REALLY CONTROLS OUR
OWN SUPPLY CHAIN.
OUR SECURITY HAS NEVER BEEN