] Not that Lenovo can't pinch pennies. Its labor costs are ] a rock-bottom $3 per desktop PC, among the lowest ] anywhere. That has helped drive its operating expenses to ] less than 9% of revenues, half the average for the ] computer hardware business UN-BE-LEAVE-ABLE... $3 of labor costs per PC. Any other business (even TEXTILES!) would KILL for that kind of margin. Lenovo and IBM: East Meets West, Big-Time |