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May 27, 2014
06:06 EDTLNVGYLenovo raises in-house notebook production in 2014, 2015, DigiTimes reports
Lenovo's joint venture with Compal Electronics is raising in-house notebook production to 15M notebooks in 2014 with volume expected to surpass 20M units, reports DigiTimes. The company is also expected to ship around 30M note books each year and the joint venture will contribute about 50% to the overall volume in 2014 and 60% in 2015. Reference Link
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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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September 16, 2014
06:28 EDTLNVGYLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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