联想集团:被低估的ICT全栈供应商(GENAI系列之59)

申万宏源研究
29 May

全球化ICT 厂商,全球PC 市占率第一、服务器市占率第四,实现多元化增长。经历40余年经营,外源并购+内部整合提效不断成长,已形成以PC 为基础,手机/平板/服务器和数字化解决方案为增长的产品矩阵,成为全球第一大PC 厂商、第四大服务器厂商。覆盘:三次关键并购实现公司全球化。公司收购国际知名品牌旗下的亏损业务,整合后形成全球化、多元化布局。1)2004 年“蛇吞象”收购IBM PC,拓展...

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