"Lenovo reported its third straight quarterly loss on Thursday but gave a cautiously optimistic outlook for the first time in a year. The Hong Kong-listed company had a net loss of $16m in its fiscal first quarter ended June 30, compared with a $110.5m net profit a year earlier and narrower than a $264m net loss in the three months ended March 31 . Sales dropped 17.9 per cent year-on-year to $3.46bn on continued weakness in computer demand, the world’s fourth-largest PC vendor said." (Quoted from article)