Posts tagged “Lenovo”
Lenovo, its income driven up 20 percent over the past year due in part to $5 billion in acquisitions, didn't deliver on the amount of profit financial analysts had forecast in its annual financial report issued early Thursday.
If only one thing has become clear to most observers about Lenovo's top executive Yang Yuanqing since the company bought IBM's PC business a decade ago, it's this: He's always on the attack, looking to grow the world's No. 1 PC manufacturer. His new target of opportunity: What he calls the "social mobile Internet." And that means continuing change for the company, which already has diversified into a global powerhouse.
Lenovo is putting on a star-studded "Tech World" event in Beijing later this month with the CEOs of Intel, Microsoft and Baidu delivering keynote addresses along with Lenovo chair and CEO Yang Yuanqing.
Lenovo confirms that it is cutting jobs in its x86 server business with 235 people being told Monday they were being laid off. Of those, 155 are based in the Triangle, a company spokesperson says. Lenovo only cut jobs in the U.S. Some contractors also were let go.
Consumer Reports notes that Lenovo's award-winning, "superlight" coveraible laptop LaVie Z is being shipped with "some flaws." Buyers are being offered a 5 percent discount. The laptop was a huge hit at the Consumer Electronics Show in January.
Apple is surging in smartphone sales across China and Lenovo is dropping, according to new statistics from research firm IDC. Overall, year-over-year sales in China fell for the first time in six years.
Lenovo will begin laying off workers at its server business in Research Triangle Park today, according to sources within the company. Lenovo won't talk about what's happening, but workers say employees were told last week that those being let go would be told Monday.
Lenovo, the world's No. 1 PC manufacturer, is wearing another technical black eye this week after the disclosure of a serious security risk discovered by an outside research firm. It's the second time in recent months that Lenovo has taken a blow to its reputation.
Lenovo is celebrating today the 10th anniversary of the deal through which it acquired IBM's Triangle-based PC business. In a blog, Chairman and CEO Yang Yuanqing recalls highlights of the past decade and looks to the future.
Lenovo is celebrating the 10th anniversary of its IBM PC business sale this week across the Triangle. The company once known as Legend when launched in China has turned that deal into the world's No. 1 PC manufacturer. But reports also show that Lenovo can celebrate growth in two other markets: Tablets and smartphones.
Lenovo, the world's No. 1 PC manufacturer, has expanded a recall of battery packs for ThinkPad Notebooks due to a fire hazard. It's the second recall for these batteries in the past 14 months - but this one is 10 times larger. In December, Lenovo had to recall 500,000 power cords.
No Stanley Cup Playoffs for the Hurricanes this year, but there will be a playoff atmosphere at PNC Arena today courtesy of Lenovo. General Manager and Coach Yang Yuanqing will be leading the cheers as the growing tech giant launches efforts to further boost sales around the globe. Already No. 1 in PCs, Y.Y. is aiming to be the champ in smartphones, servers and Internet devices, too. Expect to hear a lot of cheering from the Lenovo faithful. They may not all be Caniancs but they do know how to celebrate.
PC sales are plunging worldwide, but not at Lenovo. The world's No. 1 computer manufacturer widened its hold on the top sales spot in the first quarter, driving up sales and market share, two reports show. Lenovo also is continuing to gain share in the U.S.
The leader of the world's largest PC manufacturer put a happy face on reports that PC sales continue to plunge as businesses move away from bulk purchases of desktop machines.
If you never thought "T2" technology would come to life .... well, not yet, anyway. But thanks to incredible progress being made by the 3D printing technology company founded by UNC/NCSU professor, inventor and tech wizard Dr. Joe DeSimone the days of 3D manufacturing based on liquids is coming. Fast.
In his first interview as president of Lenovo North America, Aymar de Lencquesaing says he is coming to the U.S. seeking ideas from managers and employees about how to grow market share. "You also get better thinking from multiple brains," he says.
Digitimes Research in Taiwan is reporting that Lenovo shipped far fewer smartphones in the first quarter of this year than had been expected following its acquisition of Motorola Mobility and a rebirth of interest in that brand.
Lenovo, the world's No. 1 PC manufacturer, is making changes in its management structure following the recent closing of deals for IBM's x86 business and Google Motorola. Under the new structure, Lenovo has a president - industry veteran Gianfranco Lanci - who reports directly to chair and CEO Yang Yuanqing. The move affects Lenovo's two top executives in the Triangle: Gerry Smith and Jay Parker.