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Posts Tagged ‘Chinas Lenovo Group Ltd’

Under Google, the company was an absolute money pit. And yet, Lenovo CEO Yang Yuanqing believes he can turn Motorolas fortunes around within a matter of months, not years. How will Lenovo turn Motorola into a profitable division, though? Of particular interest is that Lenovo plans to relaunch the Motorola brand in China and emerging markets, […]

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BEIJING (AP) — Computer maker Lenovo Group reported Thursday that quarterly profit rose 30 percent to a record high on strong smartphone sales and said its acquisition of the Motorola Mobility smartphone business will accelerate its global expansion.

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By Paul Carsten BEIJING (Reuters) – Chinas Lenovo Group Ltd said third-quarter profit jumped nearly a third, beating estimates, as the worlds biggest maker of personal computers hoisted sales of smartphones in its drive to diversify out of the shrinking PC market. Lenovo later specified it will likely take three to five quarters to turn […]

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