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News Breaks
July 18, 2014
12:41 EDTLNVGYLenovo to stop selling small-screen Windows tablets in U.S. PCWorld says
Lenovo has stopped selling Windows tablets with screen sizes that are less than 10 inches in the U.S. due to a lack of demand, reports PCWorld. In an email, a Lenovo spokesman Raymond Gorman said it is seeing strong interest in larger screen sizes for tablets and specifically for the ThinkPad 10. The remaining ThinkPad 8 stock will be redirected to developing countries. 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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