It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Lenovo shareholders don't like its "buy everything" plan Lenovo shareholders don't like its "buy everything" plan
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Lenovo shareholders don't like its "buy everything" plan
Reply
 
Thread Tools
Old 5th February 2014, 07:49   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Lenovo shareholders don't like its "buy everything" plan

While Lenovo seems to be buying every tech company in the world this week, it seems that its shareholders are not happy bunnies.

Shares in Chinese technology giant Lenovo slumped more than 14 percent in Hong Kong, after it agreed to buy struggling handset maker Motorola from Google for $2.91 billion.

The news followed another deal where Lenovo bought IBM's low-end server business for $2.3 billion.

Shareholders are apparently spooked about Motorola's profitability and think it was a truly dumb idea to pay such a large amount money to acquire Motorola.

Lenovo in 2013 become the world's biggest PC maker, eight years after buying IBM's PC business.

However, investors do not think the Motorola brand is strong enough to boost Lenovo and the handset maker has been on a downward trend for the past two years.

Under Google, Motorola failed to gain traction in a rapidly evolving smartphone market now dominated by Samsung and Apple. Google lost an arm and a leg on Motorola after buying it for $12.5 billion in 2011.

Having said that, Lenovo has shown that it is jolly good at integrating loss making operations in the past and the smart money is riding on the fact it will do it again.

http://news.techeye.net/business/len...verything-plan
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple "Space-Ship" Campus Plan Clear For Launch Stefan Mileschin WebNews 0 18th October 2013 19:04
Lenovo Intros "Rip and Flip" ThinkPad Helix and First Multimode Mini-Ultrabook Stefan Mileschin WebNews 0 8th January 2013 08:39
Lenovo Pioneers "Interpersonal Computing" with Company’s First Table PC Stefan Mileschin WebNews 0 7th January 2013 08:50
AMD Desktop "Trinity" APUs Delayed to October, Clubbed with FX "Vishera" Launch Stefan Mileschin WebNews 0 17th July 2012 09:02
Lenovo Tees Up for Business Computing with "Golf Ball-Wide" Sized Desktop Stefan Mileschin WebNews 0 8th May 2012 07:51
Newegg Customers Get Empty "Demo" Intel CPU Boxes.. Core i7 "inside"? jmke WebNews 11 9th March 2010 11:53
Server roundup: Intel "Nehalem" Xeon versus AMD "Shanghai" Opteron jmke WebNews 0 4th May 2009 17:52
DUH news of today: Intel "Pentium" still stronger brand name than "Core" jmke WebNews 1 19th March 2009 20:15
Lenovo launches mobile "vault" portable HDD Shogun WebNews 0 17th November 2008 00:14
Intel launches "Tigerton" quad-core Xeons, new "Caneland" server platform jmke WebNews 0 6th September 2007 10:13

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 20:00.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO