Apple, Dell, HP sued by The PACid Group
The PACid Group has filed a lawsuit against 19 companies including Apple, Atheros, Broadcom, Dell, Edimax, Gateway, Hewlett-Packard, Intel, Lenovo, Marvell, Realtek, and Toshiba.
The lawsuit claims that these companies infringe upon their patented technologies.
The patent involved in this lawsuit is U.S. patent No. 5,963,646, “Secure deterministic [...]
Lenovo Group to cut 450 jobs in China
China based personal computer maker Lenovo Group has announced that they would now cut 450 jobs in the domestic market as part of their cost cutting initiative.
The company said that these job cuts would be applicable on positions that support Lenovo’s global business.
Yang Yuanqing, the company’s CEO had [...]
Lenovo to expand focus on Chinese PC market
Lenovo has appointed Chairman Yan Yuanqing as their new CEO.
Company co-founder Liu Chuanzhi is now becoming the new Chairman of the company.
Lenovo has said that they are now going to expand their focus on the domestic market of China.
The company had a terrible financial quarter [...]
Lenovo: No more job cuts planned for now
Chinese personal computer maker Lenovo has stated that they have no plans to cut any more jobs in the near future.
The company is already undergoing a restructuring process that would see around 2500 job cuts.
Lenovo CEO William Amelio said in a statement: “We don’t [...]
Lenovo to cut 2500 jobs
China based personal computer maker Lenovo has announced that they are going to cut 2500 jobs in their global operations.
The company has said that they are going to post a loss in the last quarter of 2008.
market analyst Frank He spoke about Lenovo: “We believe deteriorating PC demand in [...]
Lenovo said to be cutting jobs in domestic market
Chinese personal computer maker Lenovo has set to begun cutting jobs in their domestic operations.
Market sources say that the company is laying off 200 staff in its Beijing-based headquarters.
This was reported in a news item by China Tech News.
Reports further say that the company [...]
Lenovo Profits down due to slowing sales
China based personal computer maker Lenovo Group has come out with their latest revenue report.
The company has posted profits which have dived 78 percent compared to the same period last year.
Lenovo said that their revenues suffered due to the global economic slowdown which hit their sales and [...]
Lenovo posts improved profits
Chinese PC manufacturer Lenovo has come out with their latest revenue report and the company has now posted a 65 percent improvement in their quarterly profits.
The company said that their profits in the most recent quarter came out to be $110 million, or $1.25 per share.
The sales were up 10 percent [...]
IBM sells some of its stake in Lenovo
US based tech giant IBM has revealed that they have sold some of its stake in the Chinese PC maker Lenovo.
The company has now offloaded $83.6 million worth of stock at a 6 percent discount.
This deal was carried over by CitiGroup. The deal sees their share in [...]
Dell to sell products in China through Suning
US based PC maker Dell has announced that they would now offering their products in China through Suning retailing stores.
With this the company has now doubled the number of stores in this market which are now offering Dell products.
The company is popular for their direct sales model which [...]
