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News Breaks
April 14, 2014
06:09 EDTLNVGYLenovo sees 200% increase in PC sales to small, medium businesses, DigiTimes say
Lenovo expects a 200% increase in PC sales to small- to medium-size businesses in 2014, reports DigiTimes. The company's Taiwan general manager Justin Liang said Lenovo will focus on the SMB segment as it accounts for 60%70% of business users. Reference Link
News For LNVGY From The Last 14 Days
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October 1, 2014
06:13 EDTLNVGYABI: Branded tablets to disappoint with 2.5% growth in 2014, DigiTimes says
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September 30, 2014
06:29 EDTLNVGYLenovo needs 6 months for internal reorganizaion after merger, DigiTimes says
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September 29, 2014
06:06 EDTLNVGYLenovo to close acquisition of IBM's x86 server business on October 1
Lenovo (LNVGY) and IBM ((IBM) announced that conditions for Lenovo’s acquisition of IBM’s x86 server business have been satisfied and the parties anticipate they will begin closing the transaction effective on October 1. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, PureApplication and PureData appliances. As described in the January announcement of Lenovo’s acquisition of IBM’s x86 server business, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an Original Equipment Manufacturer to IBM and resell selected products from IBM’s storage and software portfolio, including IBM’s entry and midrange Storwize storage product family, Linear Tape Open products, IBM Flash storage arrays and elements of IBM’s system software portfolio, including Smart Cloud, General Parallel File System and Platform Computing solutions. The purchase price is approximately $2.1B. Approximately $1.8B will be paid in cash at closing after estimated adjustments and approximately $280M will be paid in Lenovo stock, based on the closing price of Lenovo’s stock on September 26. The transition will begin Wednesday in countries that are part of the initial closing, which includes most major markets. The transaction is expected to close in most other countries later this year, with the few remaining countries following in early 2015.
September 25, 2014
06:07 EDTLNVGYGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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