Wireless News
01-30-2014, 05:10 AM
http://l1.yimg.com/bt/api/res/1.2/ggtdS0ffCaRyfyvSgebmtw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-30T085643Z_1_CBREA0T0OVL00_RTROPTP_2_CTECH-US-LENOVO-MOTOROLA.JPG (http://news.yahoo.com/china-39-lenovo-steps-ring-against-samsung-motorola-085643359--sector.html)By Paul Carsten and Matthew Miller BEIJING (Reuters) - Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market. On Wednesday, Lenovo said it would buy Google Inc's Motorola Mobility handset unit for $2.91 billion in the fourth-largest U.S. acquisition by a Chinese or Hong Kong company ever. "We are not only the number one PC company in the world but with this agreement we will become a much stronger number three smartphone company," said Wong Waiming, Lenovo's chief financial officer, on a conference call on Thursday. The stock fell 8.2 percent on concerns Lenovo might have overpaid for a loss-making business and would dilute the value of shares by issuing new ones to help pay for the purchases.
More... (http://news.yahoo.com/china-39-lenovo-steps-ring-against-samsung-motorola-085643359--sector.html)
More... (http://news.yahoo.com/china-39-lenovo-steps-ring-against-samsung-motorola-085643359--sector.html)