By Sun Zhe Lenovo will buy back its mobile subsidiary at twice its original selling price in a move to enter the emerging 3G market. Lenovo Mobile Communication Technology, which was sold at $1 billion in January 2008, will be repurchased for $2 billion, said a statement released late Friday by...
* Expects op margins above 10 percent for mobile devices * Will initially sell in China, with plans to expand later * Lenovo had sold the same business in 2007 to focus on PCs TAIPEI/HONG...
HONG KONG, Nov 27 - China's Lenovo <0992.HK>, the world's No.4 PC seller, said on Friday that it will pay $200 million to reaquire the cellphone business it sold off 1-陆 years ago, as the...
China's Lenovo Group, the world's fourth largest personal computer manufacturer, returned to profitability in the second quarter, according to the group's fiscal report. The group said that it posted a net a profit of $53 million in its second fiscal quarter from July 1 to Sept. 30. Lenovo's worl...
Lenovo Group Ltd<0992><LNVGY>, the world's fourth-largest PC manufacturer, on Thursday announced the results for the quarter ended Sep. 30, which show that the firm returned to profit during the period.The firm posted US$53 million of net profit in the latest quarter, compared with US$16 million of loss in the...
HONG KONG, Nov 5 - Lenovo <0992.HK>, the world's No.4 PC brand, said it sees gross profit margins stabilising at current levels and improving when the market improves. Lenovo CFO Wong Wai Ming made the...
HONG KONG, Nov 5 - Lenovo <0992.HK>, the world's No.4 PC brand, reported a better-than-expected quarterly profit that more than doubled on an improving global PC market outlook, its first profit after three straight quarters...
Lenovo Group Ltd<0992>, the world's fourth-largest PC manufacturer, expects to see PC sales grow with the launch of Windows 7, Microsoft's newest operating system, said Liu Chuanzhi, president of the PC firm, sources reported.Liu on Saturday revealed that the firm's business performance will be better than...
Lenovo, the world's No. 4 personal computer maker, expects a boost in its PC sales from the launch of Microsoft's new operating system, Windows 7, its chairman said Saturday. "It will have a big impact, and we have made a lot of preparations for it," Lenovo Chairman Liu Chuanzhi said, which indic...
Lenovo Group Ltd<0992><LNVGY>, the world's fourth-largest PC manufacturer, recently revealed that the cheap cloud-computing terminal is expected to help the firm consolidate its commercial business, which has been negatively impacted during the global financial crisis, sources reported. The firm's third quarter...