|Bid||4.000 x 0|
|Ask||4.010 x 0|
|Day's range||3.960 - 4.010|
|52-week range||3.530 - 5.060|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.27 (6.46%)|
|1y target est||4.16|
Personal-computer shipments in the second quarter had the strongest showing in six years, driven by stronger demand from business customers, according to preliminary data from two research firms. Based on Gartner Inc. data, it was the first year-to-year increase since the first quarter of 2012. According to International Data Corp. data, it was the strongest rate of growth since that quarter.
The second quarter of 2018 was the best quarter for personal-computer shipments in more than six years, IDC reported Thursday afternoon, confirming an earlier report from rival Gartner. IDC tracked 2.7% growth in PC shipments from the same quarter a year ago, blowing away its projection of 0.3% for the biggest gains since the first quarter of 2012, when the market expanded by 4.2%. Earlier Thursday, Gartner reported the first year-on-year gain since the same quarter, but IDC has tracked gains in the sector in previous quarters while looking at a slightly larger collection of form factors that includes Chromebooks.
Personal computer shipments increased for the first time in six years in the second quarter of 2018, research firm Gartner said Thursday afternoon. Gartner said that overall shipments grew 1.4% from the same quarter the year before, the first time Gartner has tracked a year-over-year gain since the first quarter of 2012. Gartner rival IDC has reported year-over-year gains for the sector in that time, but counts more form factors than Gartner, most notably Chromebooks, web-based laptops with Alphabet Inc. (googl)(goog) software.
June 20 (Reuters) - WE. CONNECT SA: * MAJOR DISTRIBUTION AGREEMENT WITH LENOVO BRAND * PARTNERSHIP WITH LENOVO FOR MARKETING OF ITS COMPUTER AND PERI-COMPUTING PRODUCTS IN FRANCE Source text for Eikon: ...
* Shares go limit-up in first moments of trade * FII becomes biggest China-listed tech co * Listing may help parent reduce risk - analyst (Recasts with milestone, adds quote, context) By John Ruwitch and ...
A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc (GOOGL.O) and Twitter Inc (TWTR.N) for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc (FB.O) this week disclosed such partnerships with several Chinese companies. Senator Mark Warner, a Democrat who is vice chairman of the Senate Intelligence Committee, said he had written to the companies on Thursday and made the letters public. Facebook said on Tuesday that it had data sharing partnerships with at least four Chinese companies including mobile device manufacturer Huawei Technologies Co Ltd [HWT.UL], the world's third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies.
WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) faced criticism on Wednesday from Republican and Democratic U.S. lawmakers who demanded that the social media company be more forthcoming about data it has shared with four Chinese firms. The bipartisan criticism reflected rising frustration in Congress about how Facebook protects the privacy of the more than 2 billion people who use its services worldwide. The leaders of the U.S. House of Representatives Energy and Commerce Committee accused Facebook Chief Executive Officer Mark Zuckerberg of failing to disclose the company's agreements with the Chinese firms when he appeared before them in April and testified about Facebook's sharing of users' personal information with third parties.
Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world's third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns. The social media company said Huawei Technologies Co Ltd (HWT.UL), computer maker Lenovo Group , and smartphone makers OPPO and TCL Corp were among about 60 companies worldwide that received access to some user data after they signed contracts to re-create Facebook-like experiences for their users. Members of Congress raised concerns after The New York Times reported on the practice on Sunday, saying that data of users' friends could have been accessed without their explicit consent.
China has launched a probe into Samsung Electronics Co Ltd, SK Hynix Inc and Micron Technology Inc, the three semiconductor makers who control the market for DRAM memory chips. Beijing is investigating price-fixing allegations as DRAM prices have risen sharply, the first such probe by China, said a source with knowledge of the matter.
June 1 (Reuters) - China New Town Development Co Ltd : * CDB NEW TOWN (BEIJING) ASSET MANAGEMENT CO & TONGCHUANG LP TO ESTABLISH JV CO WITH A REGISTERED CAPITAL OF RMB10 MILLION * JV CO SHALL BUY 80 PERCENT ...
The worlds second largest PC maker Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacenter business in a stabilizing ...
China's Lenovo Group said its annual revenue climbed to a three-year high, led by a double-digit sales growth in the fourth quarter, as business at its core personal computer and smart devices segment improved. The PC business will continue to see premium products such as gaming PC and workstations driving revenue growth, Chief Operating Officer Gianfranco Lanci said. "I think the company is in much better shape than it was six-nine months ago," he told Reuters on Thursday, adding that Lenovo was now the world's top gaming PC maker.
May 24 (Reuters) - Lenovo Group Ltd: * SAYS AIMS TO BE AMONG WORLD'S FIRST IN ROLLING OUT 5G PHONES, POSSIBLY IN EARLY 2019 Further company coverage: (Reporting by Hong Kong newsroom)
Lenovo Group Ltd.'s debt load is becoming quite a drag. Used to fund a spate of deals four years ago, the PC maker's mix of bonds, promissory notes and factoring drove financing costs to a record $263.2 million last fiscal year, from just $81 million in 2014. In its earnings report, Lenovo missed an opportunity to write down the goodwill on those investments despite clear evidence that the purchases aren't paying their way.
Lenovo Group today announced results for its fourth fiscal quarter and full fiscal year ended March 31, 2018. For its fourth fiscal quarter FY2017/18, Lenovo reported US$10.6 billion in revenue, up 11% year-on-year - the first double digit increase in 10 quarters - demonstrating solid performance momentum.
Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacenter business in a stabilizing PC market. The world’s second-largest PC vendor reported a 69 percent plunge in net income to $33 million in the three months ended March as it grappled with rising expenses. Lenovo, which became the world’s worst performing technology stock as its smartphones struggle for relevance and it loses ground to rivals such as HP Inc., has focused on burnishing the premium veneer of its bread-and-butter PCs while moving more deeply into the lucrative gaming segment.
May 24 (Reuters) - Lenovo Group Ltd: * QTRLY REVENUE $10,638 MILLION VERSUS $9,759 MILLION * QTRLY PROFIT ATTRIBUTABLE $33 MLN VS $107 MLN LAST YEAR * BOARD HAS RESOLVED TO RECOMMEND PAYMENT OF A FINAL ...
By the end of today we should know whether Lenovo Group Ltd. took the long overdue step of writing down some of its $5.2 billion in goodwill. To recap: Lenovo went on a $5 billion spending spree four years ago to buy marquee names such as Motorola and IBM to boost its emerging smartphone and server businesses. Today, those units are constant losers (literally), ergo the premiums Lenovo paid for them – in the form of goodwill – ought to be written off.
May 18 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start RIC Company Event Name Time(GMT) 24-May-2018 NTS 0992.HK Lenovo Group Ltd Full Year ...
NEW YORK/ SAN FRANCISCO (Reuters) - Beijing's unslakeable thirst for the latest technology has spurred a proliferation of "accelerators" in Silicon Valley that aim to identify promising startups and bring them to China. The surge in the number of China-focused accelerators - which support, mentor and invest in early-stage startups - is part of a larger wave of Chinese investment in Silicon Valley. Some work directly with Chinese governments, which provide funding.
Advanced Micro Devices is launching yet another offensive on a market that has been sewn up by Intel for more than a decade. While the Ryzen processor family that was unveiled in 2017 goes after a premium segment of the PC market with more than $20 billion of TAM (total addressable market), more than half of that is tied to commercial-device sales. Commercial PCs and notebooks are bought by companies for employees or purchased by employees themselves as part of the BYOD (bring your own device) trend.