Lenovo

News by Brian James Kirk on Friday November 27, 2009. PC maker Lenovo will buy back the mobile division that it spun off only last year for $200 million in cash and stock so it can refocus on developing mobile Internet devices, PC World...

In this article: Android, China Mobile, and China

...are displayed at a computer store in Hong Kong November 5, 2009. BEIJING (AP) Personal computer maker Lenovo Group said Friday it is joining the race to develop products that link phones and PCs by buying back a mobile phone business...

In this article: Lenovo Group, Beijing, Hong Kong, All rights reserved, Hong Kong Stock Exchange, USA Today, Morrisville, N.C, and Associated Press

...financial officer, told reporters. "We really want to grow very fast in this area, and will spend appropriately." Lenovo said it would pay its parent company Legend Holdings $154 million in cash and issue about 80.9 million shares at...

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...bit on the low side," Lenovo's Chief Financial Officer Wong Wai Ming told reporters. Earlier, Lenovo had said it would pay $200 million to buy back Lenovo Mobile, as the lines blur between mobile phones and personal computers.

...last year. The group is headed by Hony Capital, the private equity arm of Legend Holdings, which is also Lenovo's parent company. Lenovo has struggled since the global economic recession began sapping demand for its PCs in developed markets.

In this article: PC World, Recession, Yahoo, and China

...who bought it for $100 million last year. The group is headed by Hony Capital, the private equity arm of Legend Holdings, which is also Lenovo's parent company. 0 No "Lenovo Buys Back Phone Unit With Eye on Mobile Web Products" Comments

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In this article: Lenovo Group, Hong Kong Stock Exchange, Morrisville, N.C, Beijing, and Hong Kong

China's Lenovo <0992. HK>, the world's No.4 PC seller, said on Friday that it will pay $200 million to reaquire the cellphone business it sold off 1-½ years ago, as the lines blur between mobuile phones and PCs. Lenovo spun off its mobile...

In this article: China and Hong Kong Stock Exchange

...and retail presence to lead the market for new mobile handheld devices in China. Yang Yuanqing, CEO of Lenovo Group, said: "As Lenovo's global PC business continues to make steady progress, we view mobile Internet as a key growth...

In this article: China, Customer satisfaction, Lean manufacturing, Yang Yuanqing, and HKSE