The dual-operating system idea is just the latest attempt by the computer makers to juice sales, which have been on a steady decline: shipments posted their worst-ever drop last year, and on Thursday, Sony said it would exit the PC market. In the newest effort by the industry to revitalize computer sales, PCs would let users access both Android apps and Windows software with just … Read more
While it appeared that Google had already completed one of its obligations in its proposed sale of Motorola Mobility to Lenovo, that is apparently not the case.
A regulatory filing appeared to show that the Web giant bought a 5.94 percent stake in the Chinese electronics maker for $750 million last week, according to Reuters. Google was said to have acquired 618.3 million shares of Lenovo at an average $1.213 per share on January 30, according to the report.
Lenovo's stock keeps being battered over concerns about the company's purchase of Motorola, The Wall Street Journal said on Tuesday.
Last Wednesday, Lenovo revealed that it would buy Motorola from Google for $2.9 billion, a deal that will include the device maker's lineup of mobile phones and more than 2,000 patents. Last Thursday, Lenovo shares slipped by 8.2 percent in advance of the Chinese New Year holidays. The stock then fell another 14 percent on Tuesday morning, the first trading day after the holidays.
It's certainly not unusual for an acquiring company's … Read more
Ask a real person what they think of Lenovo, and I fancy they'll say: "Oh, they're all right."
Or perhaps: "They're around a lot. They work. Um, yeah."
Few would leap in the air, shake a fist and say: "Lenovo? Oh, yeah. I won't have anything else in my house."
While the company sells generally well-received products, it doesn't yet enjoy the emotional connection of an Apple or a Samsung. New products coming from Lenovo don't engender rabid excitement. There is no Lenovo-virus.
You might have missed this, … Read more
Lenovo's purchase of Motorola Mobility should get a green light from US regulators. But the company will have to agree to certain concessions in the name of US national security.
On Wednesday, the Chinese computer maker announced its $2.91 billion purchase of Google's Motorola mobile phone business and around 2,000 related patents. But like any major acquisition, this one has to go through the regulatory ropes before it's a done deal.
Mobile bargain hunters throughout the US gasped earlier this week when they heard the news that Chinese PC-maker Lenovo plans to buy the handset division of Motorola from Google for $2.9 billion.
When the Google-controlled Motorola lowered the price of the Moto X last year and then introduced the sub-$200 Moto G, I wondered if these products and the prices the company was selling them for were simply too good to be true. Finally, US consumers had more than one affordable option when it came to buying a high-quality, unlocked smartphone.
Sure Google had offered that Nexus brand … Read more
When Lenovo entered the global PC market by acquiring IBM's PC business it instantly became a major player with PCs, building on the business-centric ThinkPad with the consumer-facing IdeaPad. Now, the company intends to do the same thing with smartphones.
Google unexpectedly announced on Wednesday that it's selling Motorola Mobility to Chinese PC giant Lenovo for $2.91 billion. While it appears to be a fire sale, with Lenovo paying less than a quarter of what Google paid for the handset vendor just a couple of years ago, Lenovo's CEO Yuanqing Yang has high hopes for the … Read more
If there's any question about why Google sold Motorola Mobility, just look at its fourth-quarter results.
Motorola's results again weighed on Google's profitability, with the unit's operating loss actually widening to $384 million from $152 million a year ago.
Revenue, meanwhile, fell nearly 18 percent from a year ago to $1.24 billion, or 7 percent of Google's total revenue for the period.
Google late Wednesday made an unexpected announcement that it's selling Motorola Mobility to Chinese PC giant Lenovo for $2.91 billion, or less than a quarter of what it paid for the handset vendor just a couple of years ago. During the years Google owned it, Motorola lost money and market share, and the relationship caused tension between Google and the other Android vendors, particularly Samsung. It also led those other phone makers to develop their own software and services, rather than push those from Google. That amplified Android's fragmentation … Read more