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Lenovo Group (0992)
05-02-2014, 03:21 PM.
Post: #1
Lenovo Group (0992)
I started a new thread for Lenovo. I don't think Lenovo can afford to take the 3rd acquisition from Sony at the same time...

Logging off: Lenovo investors desert shares on Sony rumour, downgrades

HONG KONG — Investors ditched Lenovo shares after the four-day Chinese New Year holiday, as weekend speculation of a third acquisition by the Chinese computer-maker in as many weeks added to concerns about its aggressive deal-making.

Lenovo’s shares closed down 16.4 per cent at HK$8.41 yesterday on the first full day of trading since its US$2.9-billion (S$3.7 billion) takeover of the Motorola handset business owned by Google was announced last week. The sell-off erased US$2.2 billion (S$2.8 billion) from its market value yesterday in the biggest decline since January 2009.

That deal, on top of the US$2.3 billion deal for IBM’s low-end server business announced a week earlier, led to a string of downgrades from analysts at banks including CCB, Jefferies, Morgan Stanley and UBS.
...
http://www.todayonline.com/business/logg...downgrades
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05-02-2014, 04:15 PM. (This post was last modified: 05-02-2014, 04:17 PM by Tiggerbee.)
Post: #2
RE: Lenovo Group (0992)
(05-02-2014, 03:21 PM)CityFarmer Wrote: I started a new thread for Lenovo. I don't think Lenovo can afford to take the 3rd acquisition from Sony at the same time...

Logging off: Lenovo investors desert shares on Sony rumour, downgrades

HONG KONG — Investors ditched Lenovo shares after the four-day Chinese New Year holiday, as weekend speculation of a third acquisition by the Chinese computer-maker in as many weeks added to concerns about its aggressive deal-making.

Lenovo’s shares closed down 16.4 per cent at HK$8.41 yesterday on the first full day of trading since its US$2.9-billion (S$3.7 billion) takeover of the Motorola handset business owned by Google was announced last week. The sell-off erased US$2.2 billion (S$2.8 billion) from its market value yesterday in the biggest decline since January 2009.

That deal, on top of the US$2.3 billion deal for IBM’s low-end server business announced a week earlier, led to a string of downgrades from analysts at banks including CCB, Jefferies, Morgan Stanley and UBS.
...
http://www.todayonline.com/business/logg...downgrades

The news is out that Sony is in talks to sell the VAIO business to a Japanese investment fund.

http://www.businesstimes.com.sg/breaking...i-20140205

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05-02-2014, 04:16 PM.
Post: #3
RE: Lenovo Group (0992)
If Lenovo dropped 16% due to acquisition of x86 server business from IBM, I probably would buy it. The acquisition of Motorola is a dumb move IMO.

I wish it the best of luck.

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05-02-2014, 04:59 PM.
Post: #4
RE: Lenovo Group (0992)
(05-02-2014, 04:16 PM)freedom Wrote: If Lenovo dropped 16% due to acquisition of x86 server business from IBM, I probably would buy it. The acquisition of Motorola is a dumb move IMO.

I wish it the best of luck.

I beg to differ. Microsoft buying Nokia is a super dumb move. But Lenovo buying Motorola might not be a dumb move.

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07-02-2014, 05:23 PM.
Post: #5
RE: Lenovo Group (0992)
I assume it is not part of the deal. It seems Google is pretty optimistic on Lenovo's prospect...

Google bought US$750m Lenovo stake on Jan 30: HKEx

[HONG KONG] Internet search company Google Inc bought a 5.94 per cent stake in China's Lenovo Group Ltd last month for US$750 million, according to a disclosure on the Hong Kong stock exchange.

Google acquired 618.3 million Lenovo shares at US$1.213 per share on Jan. 30, the stock exchange said late on Thursday.

Lenovo agreed to buy Google's Motorola handset division last week for US$2.91 billion in a cash and stock deal. - Reuters

Ref: Business Times Breaking News
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14-02-2014, 09:29 AM.
Post: #6
RE: Lenovo Group (0992)
It is challenging years ahead for Mr. Yang, might be rewarding too...

Lenovo beats estimates with 29% profit hike

BEIJING — Lenovo Group’s third-quarter profit jumped by nearly a third, beating estimates, as the world’s biggest maker of personal computers hoisted sales of smartphones in its bid to diversify out of the shrinking PC market.

The Chinese company reported that net income rose 29 per cent to US$265 million (S$335 million) for the October-December quarter.

That was before it agreed to spend US$5.2 billion on the smartphone and servers businesses in two acquisitions last month, a spree that Chief Executive Officer Yang Yuanqing warned would weigh on his company’s finances in the near term.
...
http://www.todayonline.com/business/leno...rofit-hike
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31-10-2014, 11:36 AM.
Post: #7
RE: Lenovo Group (0992)
Lenovo closes deal to buy Motorola
AAP OCTOBER 31, 2014 11:45AM

Lenovo says it's completed its acquisition of Motorola Mobility from Google, a move strengthening the Chinese giant's position in the smartphone market.

The $US2.9 billion ($A3.14 billion) deal, announced in January, ends Google's brief ownership of the onetime mobile phone star.

By adding Motorola, Lenovo positions itself among the top global smartphone makers behind Samsung and Apple.

Lenovo will operate Motorola as a wholly-owned subsidiary, keeping the Chicago-based headquarters and adding some 3,500 employees, including 2,800 in the United States.

"Today, we achieved a historic milestone for Lenovo and for Motorola -- and together we are ready to compete, grow and win in the global smartphone market," Lenovo chairman and chief executive Yang Yuanqing said in a statement on Thursday.

He hailed the partnership as a "perfect fit," adding that "Motorola brings a strong presence in the US and other mature markets, great carrier relationships, an iconic brand, a strong IP portfolio and an incredibly talented team".

In the same statement, Google chief executive Larry Page said that "Motorola is in great hands with Lenovo, a company that's all-in on making great devices".

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31-10-2014, 01:51 PM. (This post was last modified: 31-10-2014, 01:55 PM by corydorus.)
Post: #8
RE: Lenovo Group (0992)
How do Motorola employees feel from being a Google employee to a Chinese company. This should be very different from HP Splits.
Wondering there will be special retention package etc. Or they are just for the IPs.
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31-10-2014, 10:50 PM.
Post: #9
RE: Lenovo Group (0992)
A bunch of IBM employees also got converted to Lenovo employees too. Terms seem to be similar for the server sale as their pc division sale to Lenovo.

From what I see, lenovo may be positioning.themselves as the preferred or de facto choice for China government IT solutions. It only makes sense.. They have bought the entire stack of IT solutioning.

Interested in their strategy moving forward.. Is related to my field of work.

Sent from my D5503 using Tapatalk

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16-02-2017, 01:19 PM.
Post: #10
RE: Lenovo Group (0992)
Lenovo's Profit Misses Estimates After PC Rivals Erode Lead

Lenovo Group Ltd.’s quarterly earnings missed projections as the world’s largest personal computer maker struggles to reboot a floundering PC and smartphone business.

Net income fell 67 percent to $98 million in the quarter that ended in December, Lenovo said in a filing. That compares with the $145.9-million average of analysts’ estimates compiled by Bloomberg. Revenue was down 6 percent to $12.2 billion compared with estimates for $11.7 billion. The Chinese company warned Thursday that its market will remain challenging because of macroeconomic uncertainty and rising component prices.

Lenovo remains the world leader in a personal computer market struggling through a prolonged downturn as people opt for smartphones to handle everyday tasks. But it barely maintained pole position over HP Inc. during the quarter as its chief rival widened its share of the North American market, according to research firm IDC. A rise in component prices also pressured margins. The Beijing-based company is now negotiating a deal to tie up with Japan’s Fujitsu Ltd. and shore up its position, an imperative given the smartphone business it bought with Motorola remains unprofitable.

More details in https://www.bloomberg.com/news/articles/...lobal-lead
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