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Last $24.55 USD
Change Today -2.17 / -8.12%
Volume 61.4K
As of 2:01 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

lenovo group ltd-adr (LNVGY) Key Developments

Lenovo MBG Announces Executive Changes

Lenovo Mobile Business Group (MBG) will integrate the sales teams and systems of Lenovo and Motorola into a dual-brand sales force to reach resource coordination and realize the most advantageous strategic layout. MBG general manager for product operation and Internet business in China Yang Jun will be promoted to Lenovo vice president and succeed in Zhang Hun to be responsible for the mobile phone sales task in China. Yang Jun has successfully promoted Lemon mobile phones to come to the market so that Lenovo's share in the intelligent mobile phone market has leapt to 5.3% from 2.8%. Ye Zhuliang, responsible for overseas sales in MBG, will be promoted to Lenovo vice president to be responsible for mobile phone sales in Asia Pacific.

QLogic Corp. and Lenovo Collaborate on Beijing Enterprise Briefing Center

QLogic Corp. announced its collaboration with Lenovo on the opening of its Beijing Enterprise Briefing Center, a space that offers comprehensive access to Lenovo's portfolio of enterprise products, innovations and services. As the leading I/O provider for the center, QLogic is able to demonstrate to Lenovo's key customers how its Ethernet and Fibre Channel connectivity solutions enrich Lenovo's server and storage offerings with robust features and exceptional performance. Having partnered on the inaugural Research Triangle Park Enterprise Briefing Center, which opened in April of 2015, the latest collaboration between QLogic and Lenovo represents a continued commitment to providing true enterprise-class storage and server performance to growing IT markets in China and around the globe. Lenovo Flex System compute nodes support QLogic 10Gb Ethernet technology and Lenovo's server portfolio incorporates QLogic's 16Gb Gen 5 Fibre Channel adapters. The Beijing Enterprise Briefing Center provides QLogic access to Lenovo's key end-user customers throughout China. Engaging more directly with users both strengthens the QLogic brand globally and allows to better educate end-users regarding the advantages of implementing QLogic's Fibre Channel and Ethernet I/O solutions.

Lenovo to Launch CNY 4 Billion Note Issue

Lenovo has announced it will issue notes in an aggregate principal amount of CNY 4 billion. These notes will mature on June 10, 2020. Lenovo pans to use the net proceeds of this note issue for general corporate purposes including working capital.

Lenovo Appoints Rohit Sandal as India HR Head

Lenovo has appointed Rohit Sandal as India HR head. He will be responsible for handling the company's HR strategy and operations in India. Before joining Lenovo, Sandal was working with Tech giant Dell as HR director. He was responsible for managing the HR activities for Bangalore, Gurgaon & Noida sites. As a part his role, Sandal held the compensation and benefit leadership duty for Dell in India and helped in supporting their sharp ramp up and growth.

Cogobuy Group Cooperates with Lenovo to Build Intelligent Hardware Open Ecosystem

Cogobuy Group announced the signing of a cooperation agreement with Lenovo Group to jointly promote the rapid development of intelligent hardware sector and provide the best hardware and software services for intelligent hardware entrepreneurs. With the in-depth cooperation, INGDAN.com and Lenovo will jointly create a new business model and construct an integrated intelligent hardware ecosystem.

 

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LNVGY

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Valuation LNVGY Industry Range
Price/Earnings 15.8x
Price/Sales 0.3x
Price/Book 3.5x
Price/Cash Flow 16.3x
TEV/Sales 0.2x
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