Lenovo third-largest computer maker worldwide by volume. In regards to the purchase of IBM's personal computer division, Liu Chuanzhi said, "We benefited in three ways from the IBM acquisition. We got the ThinkPad brand, IBM's more advanced PC manufacturing technology and the company's international resources, such as its global sales channels and operation teams. These three elements have shored up our sales revenue in the past several years." IBM acquired an 18.9% shareholding in Lenovo in 2005 as part of Lenovo's purchase of IBM's personal computing division. Since then, IBM has steadily reduced its holdings of Lenovo stock. In July 2008,
ThinkPad L series ThinkPad L series The ThinkPad L-series laptops from Lenovo were designed with the theme of "green". The first laptops in the series were described by Lenovo as being the environmentally friendliest products in the ThinkPad range. Key features that contributed to the eco-friendly tag were the use of recycled material for packaging and post-consumer recycled content (such as office water jugs and used IT equipment). The predecessor of the ThinkPad L series was the ThinkPad A series, conceived as a desktop replacement. The ThinkPad A series was discontinued in favor of two product lines, the ThinkPad R series and the