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lenovo group ltd (992) Details

Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. The company operates through China, Asia Pacific, Europe-Middle East-Africa, and Americas segments. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; server, storage, and networking products; and laptops and desktops, as well as laptop, smartphone, and tablet accessories. In addition, the company distributes mobile phones, smart phones and tablets, and server and storage products; retails and services consumer electronic products; offers repair services for computer hardware and software systems; develops, owns, licenses, and sells communications hardware and software; and researches and develops mobile software, as well as operates as a procurement agency. Further, it provides business planning, management, global supply chain, finance, and administration support services. Lenovo Group Limited has a strategic alliance with Fujitsu Ltd. for the research, development, design, and production of personal computers. The company was founded in 1984 and is headquartered in Quarry Bay, Hong Kong, and is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange.

52,000 Employees
Last Reported Date: 05/25/17
Founded in 1984

lenovo group ltd (992) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $9.2M
Compensation as of Fiscal Year 2016.
lenovo group ltd
Lenovo Announces New Version of Its Open Source Platform, Open Platform @ Lenovo

Lenovo has announced a new version of its open source platform, Open Platform @ Lenovo (OP@L), and the opening of an advanced cloud technology center. Building on these initiatives, the company pledged to continue developing powerful integrated solutions that provide the backbone for rich mobile content, 5G networks, and Internet of Things (IoT) workloads. The company also reinforced its commitment to help clients in this sector build out next-generation data centers, using open source technologies, to address the growing demand for agile, cost-effective, and flexible architectures. Since joining several open source organizations and forums over the past two years, Lenovo has significantly increased its presence and contributions in these communities. The company's commitment to open standards across its data center solutions portfolio is a critical element in addressing the challenges of the IoT space and the exponential growth in Internet connections. These moves underscore its commitment that these challenges can only be addressed by leveraging the open source communities and open standards.

Lenovo Group Limited Creates Business Units; Announces Management Changes

Lenovo announced several organizational moves that strengthen its management team and advance the company’s drive to become the industry’s most trusted global data center partner, while serving the fastest expanding market segments and further improving the responsiveness of its customer support. As part of this realignment, the company appointed Kim Stevenson, the former CIO of Intel, senior vice president and general manager, joining its Data Center Group’s senior management team along with three other executives named to new positions on March 23, 2017. The newly formed business units will lead Lenovo’s charge into five market segments: data center infrastructure; the software-defined data center; high-performance computing and artificial intelligence applications; 'hyperscale' systems, and data center services. Each will be led by a general manager with responsibility for definition of offerings and go-to-market strategies in the segment, as well as responsibility for the entire business end-to-end. Lenovo appointed Stevenson senior vice president and general manager leading its new Data Center Infrastructure (DCI) business segment, where she will oversee the company’s core data center products and solutions portfolio. Most recently, she spent eight years at Intel leading that company’s Client, Internet of Things and System Architecture (CISA) Group and serving as Intel CIO for four years. In addition to Stevenson, three current Lenovo executives, all of whom who have been with the company for approximately one year, will assume new positions on the Data Center Group’s senior leadership team. Laura Latrello, vice president and general manager, will continue in her role leading the data center services segment. Newly appointed business segment executive leaders will report directly to Kirk Skaugen, executive vice president & president, Data Center Group: Paul Ju, vice president and general manager, Hyperscale, Ju joined Lenovo in September 2016 and has deep experience in hyperscale systems and cloud computing through management positions with leading global technology and data center providers. Madhu Matta, vice president and general manager, High-Performance Computing & Artificial Intelligence. Matta joined Lenovo in November 2015 and brings deep experience in advanced computing technologies through executive assignments at leading server and storage companies. Radhika Krishnan, executive director and general manager, Software-Defined Data Center. Krishnan’s unit also includes networking technologies and telco solutions. She joined Lenovo in February 2016 and has a deep background in advanced server, storage, networking and software-defined technologies. Working to further its industry position as #1 in x86 server customer satisfaction for the past two years, Lenovo also made changes to significantly enhance its global data center sales force led by Roderick Lappin, senior vice president, Worldwide Sales & Marketing, Data Center Group. These moves will make the company faster and more agile in addressing changing market conditions to deliver even more responsive support to data center customers, and ultimately accelerate Lenovo’s growth to build on its position as the number three global provider of x86 servers.

Fujitsu, Lenovo To Postpone PC Business Integration

Fujitsu Limited (TSE:6702) and Lenovo Group Limited (SEHK:992) have deferred merging PC divisions. Fujitsu and Lenovo Group will defer merging PC divisions from the end of March, 2017, to April 2017, at the soonest, because talks need time. Japanese public broadcaster NHK reported on March 23, 2017. NHK reported, “The companies had been in advanced talks and were aiming to reach a deal by the end of this month, but negotiations are taking time. Fujitsu saying there was no impact on the integration plans.”

 

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Valuation 992 Industry Range
Price/Earnings 12.8x
Price/Sales 0.2x
Price/Book 1.8x
Price/Cash Flow 12.9x
TEV/Sales 0.0x
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