Posts tagged “Lenovo”
A reorganization and job cuts in its smartphone business are apparently not producing quick dividends for Lenovo. The latest statistics from research firm IDC show that Lenovo has fallen out of the top five among global manufacturers.
Its sales worldwide are declining - with one big exception: The United States. And Lenovo's chief operating officer says improving sales is a direct result of the company's "laser-like focus."
Lenovo employees are gathering in Raleigh this week for the spring kickoff by the world's No. 1 PC seller. But there's not much joy for Lenovo or its competitors based on the latest PC sales statistics. Global shipments crashed in the first quarter. About the only bright spots for Lenovo were: Increase sales in the U.S. and a bigger global market share year-over-year.
Sever and related data center hardware revenues are shrinking. Revenues in storage and proprietary servers fell 7.7 percent last year. But there are areas for growth, such as flash storage. That's big news for Lenovo, HP, IBM, Oracle, Dell, EMC, Cisco and others. Why? Technology advances and changes in customer demand are forcing changes in the data center server market, according to a new report from Technology Business Research.
Long-time IBM and Lenovo veteran Peter Hortensius is moving from chief technology officer of the world's largest PC manufacturer to a CTO job with Lenovo's newly organized Data Center Group. Lenovo says it is looking for a new CTO for the entire company.
Analysis: Moving proven executives into key leadership positions underscores how Lenovo is gearing up to compete in 2016 - and the times aren't easy ones in multiple Lenovo markets, says Technology Business Research analyst Jack Narcotta.
Lenovo's North America organization has a new president after the world's largest PC seller and a top provider of mobile and server technology goes through another reorganization. (Read his bio.) Also, a Lenovo spokesperson says the structural changes will not result in any layoffs.
Lenovo is reorganizing - again - and this time the top executive of its Motorola business unit is out. The head of North American operations is promoted. Plus, its PC unit is now labeled as the "PC & Smart Business Group."
Lenovo is rolling out a variety of new devices at the Mobile World Congress this week in Spain. However, the world's No. 1 PC manufacturer may make the biggest impact with a new global data service it says links devices across networks - and borders.
Fortune's latest "Most Admired Companies" report includes Quintiles for the second straight year. IBM and AT&T crack the overall top 50, and Lenovo comes in at No. 3 among technology firms. Meanwhile, three "As" finished 1-2-3.
Lenovo is launching a new version of its WRITEit app that enables users to turn touchscreen devices into a digital canvas for writing, drawing, and more.
Two-and-a-Half-Men star Ashton Kutcher has worked for Lenovo since October of 2013 as a designated engineer and a touter of tablets such as the Yoga. Now he's embracing Moto, as in Motorola smartphones.
A group of startups focusing on virtual reality known as RTP Virtual Reality is teaming up with the American Underground for a series of demos to demonstrate what has been touted as the next wave in interactive entertainment. Several Triangle firms already are making plays in the VR space.
Lenovo won't be running a multi-million-dollar ad Sunday night, but the world's No. 1 PC manufacturer is the NFL's "official computer provider" and thus will be a major technology player in Super Bowl 50's delivery. For example, if a player is injured a Lenovo Workstation will be used to help analyze what happened. And there's much more as the NFL notes in a case study.
Lenovo, which is fighting a global downward trend in PC sales and has seen its smartphone sales fall sharply, is taking a beating in the stock market today after reporting an 8 percent drop in revenues for 2015's year-ending quarter. Layoffs and cost-cutting helped improve profits, however, the company notes.
Analysis: Lenovo disclosed revenues today that fell below analysts' expectations, triggering an 11 percent drop in its stock. But the company did report a bigger-than-expected profit, something the world's No. 1 PC seller attributed largely to cost cuts. So what's happening to Lenovo? Our Insiders get an in-depth analysis.
Tablet sales plunged more than 10 percent in 2015, including a 14 percent drop in the fourth quarter. But sales of "detachables" - on which Lenovo is betting heavily - are a bright spot, according to research firm IDC.