Posts tagged “Lenovo”
Analysis: Lenovo's latest earnings report last week in which the global tech firm reported its first loss in six years reflects in part problems in its data center business. Technology Business Research Analyst Krista Macomber says Lenovo's Enterprise Business Group, which is based in RTP, is struggling to keep pace with the disruption taking place in the data center industry.
Analysis: Facing an "ongoing dive to the bottom in PC prices" as well as other challenges such as in its smartphone business, Lenovo is reorganizing its world-leading computer business. But will that be enough as Lenovo profits and revenue drop? Technology Business Research Analyst Daniel Callahan takes a look.
Lenovo, the world's largest PC manufacturer, reports its first annual loss in six years as revenues decline 3 percent. The company cites several reasons for the drop, including a huge decline in smartphone sales as well as internal "operational issues," in the words of Chairman and CEO Yang Yuanqing. Meanwhile, its Triangle-based server group gets a new name.
Tech links: IBM's cognitive dress; Cisco cloud phone; Watson on Twilio; GSK lung drug success; Lenovo Moto Z
In today's roundup of Tech Links, taking you to important stories affecting tech in the Triangle: Check out the "cognitive dress" designed in part by IBM's Watson; see a YouTube video about the fashion project; read about Cisco's cloud phone; find out about new Watson services for developers at Twilio, GSK gets good news on a potential lung drug; and Lenovo trademarks Moto Z.
Lenovo reports its latest quarterly earnings Thursday, and expectations are the numbers won't be good, Bloomberg news reports. In a story that documents how analysts are downgrading the stock, Bloomberg notes one common theme: Lenovo's struggles in the mobile phone market.
Tech briefs: A poliovirus therapy from Duke University receives "breakthrough" status from the FDA; Lenovo and SAP unveil their first joint products and solutions; Duke Energy wins approval for two solar projects; and PPD wins clinical research award.
In today's WTW wrapup of technology news: AT&T takes GigaPower to San Francisco; Lenovo unveils new phones; new limits possibly coming for Twitter; IBM's new storage breakthrough tops flash; and AT&T makes a streaming buy.
Another top executive post at Lenovo is changing hands in what has become a game of musical chairs over the past year. And to make matters worse, Morgan Stanley says "sell" Lenovo shares, warning that profits are not going to meet expectations as smartphone sales plunge.
Lenovo is disclosing details about its newly established $500 million investment fund. The global tech company also is launching a new incubation group that will help fund various Lenovo subsidiaries such as its SHAREit service and "smart" technology efforts.
Triangle headlines: GSK sells RTP buildings; Nortel bankruptcy ruling; Lenovo's $500M investment fund; Chinese firms like NC
In today's wrapup of Triangle area news: GSK sells its RTP buildings but plans to lease them back; a ruling may lead to Nortel bankruptcy settlement; Lenovo plans to invest $500 million in startups; and Chinese firms show a liking for North Carolina.
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."