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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:04 EDTLNVGYLenovo likely to end IdeaPad brand after reorganization, DigiTimes reports
Lenovo (LNVGY) will likely cancel its IdeaPad brand after adjusting its organization into two brand-based sub-groups in April, reports DigiTimes. According to sources from the upstream supply chain, the company plans to transfer the IdeaPad business into the new Lenovo sub group and will phase out the brand. Reference Link
News For LNVGY From The Last 14 Days
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October 21, 2014
06:10 EDTLNVGYLenovo to set up secondary brand for smart devices, DigiTimes reports
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October 20, 2014
12:09 EDTLNVGYIBM hits 52 week low after earnings miss, 2015 profit target dropped
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11:10 EDTLNVGYLenovo may make $15 per share BlackBerry bid shortly, Benzinga says
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07:21 EDTLNVGYIBM sees $1.5B pretax gain related to deal with Lenovo Group
IBM (IBM) announced that on October 1 the company and Lenovo (LNVGY) completed the initial closing of the sale of IBM’s industry standard server business to Lenovo. The transition began on October 1 in countries that are part of the initial closing, which included most major markets. The transaction is expected to close later this year in most other countries which have a larger business footprint, with the remaining countries following in early 2015. The transaction price is approximately $2.1B and as consideration, IBM received $1.8B in cash, with the remaining consideration paid in Lenovo stock. IBM expects to recognize a total pre-tax gain on the sale of approximately $1.5B, which does not include associated costs related to transition and performance-based costs. Net of these charges, the gain is approximately $1.0B. Almost all of the gains will be booked in the fourth quarter of 2014, with the remaining portion expected beyond 2014, IBM stated.
06:15 EDTLNVGYLenovo cuts prices for 7- and 8-inch tablets, DigiTimes Research reports
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October 17, 2014
06:24 EDTLNVGYGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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October 16, 2014
06:23 EDTLNVGYLenovo puts in orders to supply chains for new tablet products, DigiTimes says
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October 15, 2014
09:19 EDTLNVGYLenovo to establish internet-focused smart device company in China next year
Lenovo Group is announcing that it will create a new company focused on building a leading internet-based smart devices and services business in China. The company will become operational on April 1, 2015. It will operate under a separate name and brand. The objective of this move is to help Lenovo attack the fast growing consumer mobile device market in China, with a focus not only on devices, but also on software and application development and close customer engagement. Currently Lenovo has a leading smartphone business, which sells mainly through open market sales and carrier relationships. While Lenovo has and continues to strengthen its own company-branded online channels as part of its go-to-market strategy, the new company will exclusively focus on direct-to-consumer sales, marketing and product development using an internet-based business model. Effective April 1, Chen Xudong, currently president of Lenovo’s China geography and Asia Pacific – Emerging Markets, will become CEO of this new company. Tong Fuyao, currently vice president of China’s relationship business will become head of Lenovo’s China business.
07:16 EDTLNVGYLenovo CSO 'confident' in Motorola Mobility deal finalization, Bloomberg says
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06:32 EDTLNVGYTablet supply chains expect lagging orders in Q4, DigiTimes reports
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October 9, 2014
06:55 EDTLNVGYAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:29 EDTLNVGYIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link

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