Lenovo8217;s Q2 plunges 78 per cent

The result severely lagged an average forecast for 91.80 million, according to five analysts polled by Reuters Estimates.

Analysts say China8217;s top computer maker, which competes with Hewlett-Packard, Dell Inc and Asian rival Acer, is expected to thrive in the long run due to its commanding share of China8217;s market 8212; the world8217;s top PC arena after the United States 8212; and other emerging markets.

Shares in Lenovo plunged 36 per cent between July and September, underperforming an 18.5 per cent loss in Hong Kong8217;s benchmark Hang Seng Index, as investor8217;s fled equities in the wake of the financial turmoil.