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Stock Market & Financial Investment News

News Breaks
January 21, 2014
06:14 EDTLNVGYLenovo to resume ThinkPad ODM production, DigiTimes reports
Lenovo is likely to resume ThinkPad ODM production at Wistron and original ODMs after shifting 60% of the production to LCFC in 2H13, reports DigiTimes. According to sources with Taiwan's supply chain, the resumption comes after LCFC's capacity and yield rates have fallen short of its original expectation. Reference Link
News For LNVGY From The Last 14 Days
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April 16, 2014
12:30 EDTLNVGYEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
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April 14, 2014
06:09 EDTLNVGYLenovo sees 200% increase in PC sales to small, medium businesses, DigiTimes say
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April 10, 2014
06:49 EDTLNVGYMotorola Mobility names Osterloh COO
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06:23 EDTLNVGYIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
April 9, 2014
17:26 EDTLNVGYGartner says worldwide PC shipments in Q1 fell 1.7%
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April 7, 2014
06:15 EDTLNVGYLenovo to acquire mobile patents from NEC Corporation
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April 4, 2014
08:47 EDTLNVGYLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
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April 3, 2014
08:54 EDTLNVGYGoogle Class C shares begin trading today
Google (GOOG) is effectively splitting its stock via a dividend distribution of new "Class C" shares, which begin trading today. The price of existing Google A shares, which hold one vote each, is expected to fall by half today as the C shares begin trading. WHAT'S NOTABLE: In January, Google announced that its board approved a dividend of Class C shares to be distributed on April 2 to holders of record as of March 27. The new Class C shares will trade under the ticker "GOOG" and the company's existing Class A shares will trade under a new ticker, "GOOGL." The company has previously said that its Q1 GAAP EPS will be half of what it would otherwise report because its net earnings are divided by twice as many shares. The company also said that its non-GAAP EPS will be similarly affected by the Class C dividend issuance, but will also be impacted by the expected sale of Motorola Mobile to Lenovo (LNVGY). This sale triggers "discontinued operations" accounting treatment, Google noted. Both Google Class A and Class C will be included in the S&P 500 and S&P 100 and there will not be a switch from Class A to Class C. Class A shares will subsequently be removed from Nasdaq indexes when the exchange operator rebalances them on June 23. By introducing non-voting C shares, Google's Sergey Brin and Larry Page will be able to issue stock to compensate workers or make acquisitions without diluting their voting stake, Bloomberg has noted.
07:23 EDTLNVGYCoolpad aims for online phone sales to exceed Lenovo, Bloomberg says
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06:32 EDTLNVGYLenovo targets 100M smartphone shipments in FY14, DigiTimes reports
Lenovo is aiming to ship 100M smartphones globally in FY14, reports Digitimes. Citing Taiwan-based supply chain makers, Lenovo has been strengthening its smartphone promotion in North American and Europe following the Motorola Mobility acquisition. Reference Link

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