lenovo group ltd-adr (LNVGY) Key Developments
Lenovo Unveils Three New Consumer Laptops in Advance of Lenovo Tech World
May 27 15
Lenovo unveiled three new consumer laptops in advance of Lenovo Tech World, the company’s first exclusive global technology innovation event in Beijing. The new Lenovo Z41, Lenovo Z51 and the ideapad 100 laptops are as versatile as Lenovo’s customers are. Whether users just need to create and edit content or want a fully-equipped multimedia experience to enjoy music and videos, the new Lenovo Z41, Lenovo Z51 and ideapad 100 laptops are ideal for users who value simple and functional design. The new 14-inch Lenovo Z41 and 15-inch Lenovo Z51 laptops are equal parts home-entertainment center and powerful workstation. Featuring a stunning FHD display, optional AMD discrete graphics and immersive Dolby® DS 1.0 Home Theater® Surround Sound for crisp sound and sharp visuals, they are ideal for streaming videos, downloading music and gaming. The new Lenovo Z41 and Lenovo Z51 come with advanced 802.11 a/c WiFi technology for up to three times1 the Internet speed of regular laptops for faster web surfing, streaming and downloading content. Engineered for productivity, the new laptops are powered by up to the latest Intel® CoreTM i7 processor with up to 1 TB of storage. The new Lenovo Z51 and Lenovo Z41 stand out for their beautiful color options in ebony black, chalk white and crimson red (for the 14-inch laptop). The new Lenovo Z51 also features an optional Intel® RealSenseTM 3D camera that brings the world to life in 3D. Featuring full 1080p color and a depth sensor, the revolutionary 3D camera allows the new Lenovo Z51 to sense and capture depth like the human eye. Users can 3D scan objects to 3D print, play 3D games or use gestures to control the laptop. Customers can also create a more lifelike video chat experience by changing the background and sharing content. Lenovo created the entry-level ideapad 100 laptop for customers who need only the most essential features, such as surfing the web, creating content and managing lists. It features up to Intel® BayTrail-M N3540 processor, up to 500 GB HDD storage and integrated Intel® Graphics giving users a fast processor, ample storage and solid display. The new ideapad 100 runs up to 4 hours2 without plugging in so users can work, browse online, watch videos and more with minimal interruption. Measuring at just 20.2 mm for the 14-inch and 22.6 mm for the 15-inch laptop, the thin and sleek ideapad 100 looks anything but entry level with its classic ebony black finish. Starting at an incredibly affordable price of $249, the new ideapad 100 fits in nearly any budget. The new 14-inch Lenovo Z41 and 15-inch Lenovo Z51 laptops will be available on the company's website and will hit retail shelves starting in June. Pricing for both laptops starts at $499. The new Lenovo Z51 laptop with optional Intel® RealSenseTM 3D camera comes with an Intel® Core™ i5 processor and 8GB memory, starting at $599. The new Lenovo ideapad 100 14- and 15-inch notebooks will be available on the company's website and hit retail shelves starting in June. Price will start at $249.
Microsoft Reported Mulls Acquisitions Of BlackBerry
May 25 15
Microsoft Corporation (NasdaqGS:MSFT) is reportedly planning to acquire BlackBerry Limited (TSX:BB). As per sources, there are several tech companies interested in acquiring Blackberry. Out of Xiaomi Inc., Huawei Technology Co., Ltd. (SZSE:002502), Lenovo Group Limited (SEHK:992), and Microsoft Corporation, the last two firms have the highest chances of acquiring Blackberry given the fact that they have had some experience in making expensive acquisitions. According to market rumor, Microsoft intends on snaring Blackberry for the price of $7 billion.
Lenovo Group Limited Announces Audited Consolidated Earnings Results for Fourth Quarter and Full Year Ended March 31, 2015
May 21 15
Lenovo Group Limited announced audited consolidated earnings results for fourth quarter and full year ended March 31, 2015. For the quarter, the company reported revenue of $11,334 million, operating profit of $127 million, pre-tax income of $104 million, profit attributable to equity holders of $100 million or $0.9 per diluted share compared to the revenue of $9,357 million, operating profit of $231 million, pre-tax income of $212 million, profit attributable to equity holders of $158 million or $1.51 per diluted share for the same quarter a year ago.
For the year, the company reported revenue of $46,295,593,000 compared to $38,707,129,000 a year ago. Operating profit was $1,108,514,000 compared to $1,052,055,000 a year ago. Profit before taxation was $970,967,000 compared to $1,014,195,000 a year ago. Profit attributable to equity holders of the company was $828,715,000 or 7.69 cents per diluted share compared to $817,228,000 or 7.78 cents per diluted share a year ago. Net cash generated from operating activities was $238,492,000 compared to $1,432,058,000 a year ago. Purchase of property, plant and equipment was $258,599,000 compared to $177,562,000 a year ago. Payment for intangible assets was $296,689,000 compared to $109,544,000 a year ago.
Lenovo Group Limited Board Recommends Final Dividend for the Year Ended March 31, 2015 Payable on July 14, 2015
May 21 15
Lenovo Group Limited directors recommend the payment of a final dividend of 20.5 Hong Kong cents per share for the year ended March 31, 2015 compared to 18.0 Hong Kong cents paid in 2014. Subject to shareholders' approval at the forthcoming annual general meeting, the proposed final dividend will be payable on July 14, 2015 to the shareholders whose names appear on the register of members of the Company on July 8, 2015.
Lenovo Interested To Buy Micro-Star Gaming Business
May 15 15
Lenovo Group Limited (SEHK:992) is looking to buy gaming notebook business unit of Micro-Star International Co., Ltd. (TSEC:2377), according to sources from supply chain makers. The sources noted that Lenovo is looking to raise its competitiveness in the gaming notebook industry and acquiring MSI would be the fastest way to achieve the purpose. However, Micro-Star International has denied the reports.