|Bid||4.130 x 0|
|Ask||4.140 x 0|
|Day's range||3.870 - 4.150|
|52-week range||3.530 - 5.210|
|PE ratio (TTM)||10.96|
|Forward dividend & yield||0.27 (7.36%)|
|1y target est||4.32|
The worlds second largest PC maker Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacenter business in a stabilizing ...
Lenovo Group Ltd.'s debt load is becoming quite a drag. Used to fund a spate of deals four years ago, the PC maker's mix of bonds, promissory notes and factoring drove financing costs to a record $263.2 million last fiscal year, from just $81 million in 2014. In its earnings report, Lenovo missed an opportunity to write down the goodwill on those investments despite clear evidence that the purchases aren't paying their way.
Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing higher-priced computers and expanding its datacenter business in a stabilizing PC market. The world’s second-largest PC vendor reported a 69 percent plunge in net income to $33 million in the three months ended March as it grappled with rising expenses. Lenovo, which became the world’s worst performing technology stock as its smartphones struggle for relevance and it loses ground to rivals such as HP Inc., has focused on burnishing the premium veneer of its bread-and-butter PCs while moving more deeply into the lucrative gaming segment.
Lenovo Group Ltd. posted a 69 percent decline in profit as the personal computer market continues to stagnate and its smartphone business shows little sign of recovery. The world’s second-largest PC vendor reported a net income of $33 million in the three months ended March. Lenovo has become the world’s worst performing technology stock as its smartphones struggle for relevance and its core PC business loses ground to rivals such as HP Inc. The company has been dropped from Hong Kong’s benchmark index as Chairman Yang Yuanqing counts on a turnaround kicking in by early 2019.
By the end of today we should know whether Lenovo Group Ltd. took the long overdue step of writing down some of its $5.2 billion in goodwill. To recap: Lenovo went on a $5 billion spending spree four years ago to buy marquee names such as Motorola and IBM to boost its emerging smartphone and server businesses. Today, those units are constant losers (literally), ergo the premiums Lenovo paid for them – in the form of goodwill – ought to be written off.
Advanced Micro Devices is launching yet another offensive on a market that has been sewn up by Intel for more than a decade. While the Ryzen processor family that was unveiled in 2017 goes after a premium segment of the PC market with more than $20 billion of TAM (total addressable market), more than half of that is tied to commercial-device sales. Commercial PCs and notebooks are bought by companies for employees or purchased by employees themselves as part of the BYOD (bring your own device) trend.
For years now, advocates of virtual reality have been predicting that a breakthrough innovation was just around the corner: a cheap, simple standalone headset that anyone could just pick up and wear. Since the Oculus Rift made its debut on Kickstarter in 2012, VR headsets have needed either a PC, a games console or a smartphone to function. The technology’s proponents preached patience: one day, they promised, a headset would come along that bundles the screen, computing power and motion sensors into a single self-contained unit.
Red Hat Inc. and Lenovo Group Ltd. are giving away free patents to any startup that joins a group of more than 200 companies devoted to keeping its members and their patents out of court. It’s a carrot to entice startup companies to join the LOT Network, a non-profit created by Alphabet Inc.’s Google and Canon Inc. four years ago to combat litigation by patent assertion companies, known derisively as “trolls,” that don’t make any products but seek royalties by challenging patents. By joining LOT, a company agrees that if they sell patents to such firms, all group members will have a free license to them.
Lenovo Group Ltd. declined after a decision to drop its shares from Hong Kong’s benchmark stock gauge. The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s quarterly review. The personal computer maker’s stock fell as much as 2.7 percent, while CSPC Pharma’s stock gained as much as 5.4 percent.
The outlook for Lenovo Group Ltd. shareholders is looking grimmer after the stock was dropped from Hong Kong’s benchmark stock gauge. The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s quarterly review. Lenovo has plunged 57 percent since it was added to the gauge in 2013 to lose $5.9 billion in value.
Already reeling from last week’s ban on ZTE Corp., add the prospect of slowing smartphone sales to a growing list of reasons investors are fleeing China’s technology stocks.
In four years, Lenovo Group Ltd. went from would-be Apple Inc. challenger to an also-ran in smartphones and datacenter servers. Now it’s got a comeback plan, but some investors don’t buy it.
Lenovo has topped a list of the hottest Chinese brands outside China. But most people in the US probably couldn't name one Chinese brand says an expert
Lenovo Group Ltd. posted a surprise loss after taking a $400 million charge due to U.S. tax reforms as its mobile business continues to struggle with shrinking revenue.
HONG KONG--(BUSINESSWIRE)-- Lenovo Group (HKSE: 0992) (PINK SHEETS: LNVGY) today announced results for its third fiscal quarter ended December 31, 2017. Revenue was US$12.9 billion, a 6.3 percent increase ...