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.
Best of TechWire Insider
- Obama's immigration moves don't satisfy tech sector, entrepreneurs
- FCC: 'Big dogs' will sue any new net neutrality rules
- Forbes: Wilmington, Raleigh, Asheville, Durham-CH are 'smart' cities
- Consumer Reports: Republic Wireless is top prepaid provider
- AT&T topples Verizon in latest Raleigh wireless tests
- Reality check: Next Glass goes live with wine, beer app
- Survey shows corporate progress in embracing LGBT equality
- Raleigh digital marketing agency hiring up to 30 after acquisition
- Appia's CEO plans to 'stay engaged' as $100M deal unfolds
- More help wanted: High-tech job openings across NC surge 6%