Last $30.58 USD
Change Today +0.09 / 0.30%
Volume 45.9K
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

lenovo group ltd-adr (LNVGY) Key Developments

Lenovo Group Enters into Joint Research Project with Science and Technology Facilities Council's Hartree Centre

Lenovo Group Ltd. has entered into a joint research project with the Science and Technology Facilities Council's, Hartree Centre, focused on improving the energy-efficiency of computing systems. The Hartree Centre is a research collaboration between STFC's Scientific Computing Department and business, and focuses on bringing together the UK's foremost facility dedicated to high-performance computing teamed with world-renowned experience and expertise. For this project, the Hartree Centre is researching the challenges of power consumption in computing and the performance effects of scale-out versus scale-up systems given a defined power budget. Hartree will also be developing software intellectual property and defining best practices regarding ARM-based server deployments. This research effort will be focused initially on a narrow set of application environments with the goal of optimizing performance/watt and performance/cost for these select workloads. As part of this collaboration, Lenovo is developing an ARM-based server prototype as an extension to their popular dense computing platform NeXtScale. Given its open and flexible design, NeXtScale solutions are used extensively by users of high-performance computing, grid deployments, analytics workloads, and large-scale cloud and virtualization infrastructures. The NeXtScale ARM server will be based on the Cavium ThunderX SoC (system on chip) which has a full range of capabilities built-in to help minimize cost and power consumption. The NeXtScale enclosure is designed to optimize density and performance while fitting in a standard 19-inch rack and can hold up to 12 ARM-based servers, delivering 1,152 cores while occupying only 6U of rack space.

Lenovo Appoints Luca Rossi as VP for Latin America

Lenovo announced that it has appointed Luca Rossi as its new VP for Latin America. Rossi, a former Acer director for the Europe and Middle East region, will be based in Sao Paulo, Brazil. He takes over with the goal of strengthening the company's brand in the region.

Lenovo Announces Executive Changes

Lenovo announced the appointment of Qingtong Zhou, Lenovo's head of strategy and planning, as the company's new chief information officer. Zhou replaces Xiaoyan Wang, who becomes senior vice president of a newly created, yet-to-be-named, centralized services organization. Both positions will report directly to Lenovo Chairman and CEO, Yang Yuanqing. In addition, Ken Wong, formerly vice president and general manager, Asia Pacific Emerging Markets region, has been named vice president, strategy and planning, succeeding Zhou. With Wong s move, Lenovo's Asia Pacific Emerging Markets region and Asia Pacific Mature Markets region will be combined into one organization, headed by Rod Lappin, currently vice president and general manager, Asia Pacific Mature markets. Wong will report to Yang, while Lappin, as president, Asia Pacific region, will continue to report to Lenovo Chief Operating Officer, Gianfranco Lanci.

Lenovo Reportedly Interested In Marvell

Lenovo Group Limited (SEHK:992) reportedly to bid for Marvell Technology Group Ltd. (NasdaqGS:MRVL).

Lenovo Group Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Lenovo Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported Revenue was $14,091,558,000, operating profit was $324,756,000, profit before taxation was $274,195,000, net profit of $256,845,000, net profit attributable to equity holders of the company was $253,183,000 or 2.32 cents per basic share and 2.30 cents per diluted share against Revenue was $10,788,605,000, operating profit was $334,222,000, profit before taxation was $321,165,000, net profit of $265,530,000, net profit attributable to equity holders of the company was $265,310,000 or 2.56 cents per basic share and 2.52 cents per diluted share a year ago. For the nine months, the company reported Revenue was $34,961,856,000, operating profit was $981,182,000, profit before taxation was $867,136,000, net profit of $739,490,000, net profit attributable to equity holders of the company was $728,774,000 or 6.90 cents per basic share and 6.82 cents per diluted share against Revenue was $29,349,436,000, operating profit was $820,043,000, profit before taxation was $801,826,000, net profit of $649,467,000, net profit attributable to equity holders of the company was $658,924,000 or 6.35 cents per basic share and 6.27 cents per diluted share a year ago. Net cash generated from operating activities was $1,341,647,000 compared to $962,693,000 a year ago. Purchase of property, plant and equipment was $187,792,000 compared to $138,149,000 a year ago.

 

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