Downgrades send Lenovo shares plunging 16%; plus: no Android tablets in Google deal
Morrisville, N.C. — A Lenovo spokesperson won't talk about rumors that the world's No. 1 PC maker is negotiating some kind of deal for Sony's Vaio computer group, but investors are. Lenovo shares plunged 16 percent Tuesday in the wake of the Sony story and the $2.9 billion Google Motorola Mobility deal. Five analyst firms also downgraded the stock. Meanwhile, Lenovo did shed some light on that deal. In another clarification, Google is not parting with its own secretive "skunk works."...
WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector. Read more articles…
Please Log In to add a comment.
Latest for Insiders
- Cindy Whitehead will keynote WRAL TechWire Awards
- New Raleigh Chamber CEO wants HB2 repeal, to stress eco development
- Community colleges demo their power in workforce development
- Windsor Circle's CEO on pivot, layoffs: 'Buck stops with me'
- SAS steps up analytics talent drive with $3.4M Clemson deal
- After $4M fund raiser, what's next for health data startup Bivarus?
- Raleigh Chamber chair: New CEO reflects commitments to development, diversity
- IBM's pledge to hire vets triggers mix of reactions, anger
- Field set for WRAL TechWire Awards - vote today
- Southeast Venture Conference evolves: Fusion set for June