quote: By the early 1980s, Liu had achieved relative success as a computer scientist but still felt frustrated about his career. While his work on magnetic data storage was important it lacked direct practical application. He said, "We were the top computer technology research organization in China. We developed the first electron-tube computer and the first transistor computer. But we only produced one of each. Then we went on to develop something else. The work was just filed away." Liu was also anxious about his economic circumstances; In 1984, Liu had a growing family but an income of only 100RMB per month. Liu founded Lenovo (whose English name was originally Legend, in Chinese ?? Lianxiang), in 1984 with a group of ten other engineers in Beijing with 200,000 yuan and an office roughly 20 square yards in size. Liu came up with the idea to start Lenovo in response to a lack of funding at the Chinese Academy of Sciences. Liu's superior arranged for the academy to loan him and the other co-founders the afore-mentioned 200,000 yuan. Of this time, Liu said, "It wasn't easy. The lowest thing you could do in the early '80s, as a scientist, was to go into business. China had a strict planned economy and there was barely room for a freewheeling company like ours."