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Google hasn't bought shares in Lenovo, says re/code

  • Reports that Google (GOOG) has purchased a 5.94% holding in Lenovo Group (LNVGY) for $750M are incorrect, the re/code Web site says.
  • Re/code writes that the reports were due to a misreading of a filing by Reuters.
  • Google is due to receive $750M worth of Lenovo shares as part of the deal to sell its Motorola handset division to the Chinese company for $2.91B in cash and stock.
Comments (4)
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    IBM dumped its Lenovo shares ASAP, from its purchase. But of course back in 2007, Lenovo was losing market share and having tremendous troubles integrating.

     

    Soon it dumped Amelio and then Reed, and now I find my shares 2x from August 06, I regret not buying more Lenovo shares in Feb '09!
    7 Feb, 06:14 AM Reply Like
  • Jeroen Severins
    , contributor
    Comments (12) | Send Message
     
    Bought shares last year in march, still having positive profit. I think day traders fucked up once again being scared making decisions based on bad speculation with no sign of proof for the future. I think I'm buying more shares now they dipped.. Come on man!! Marketleader in PC, only company getting profit from it (Huge Cash cow). Selling more tables than samsung, selling most smartphones in Asia after samsung. Still not selling in EU and USA but being no.3 Smarthphone contributor in te world with shares worth less than 1 dollar per share ?!?!? are you kidding me? Lenovo is a future goldmine for investors.
    9 Feb, 12:09 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    "Marketleader in PC"

     

    What happened to IBM, Compaq, Dell, HP ...

     

    PCs are commodities, Lenovo does charge a premium in my comparisons to Apple. I almost ought one in Jan 2009.

     

    No longer, dismayed and distraught by Windows.
    9 Feb, 12:31 PM Reply Like
  • Jeroen Severins
    , contributor
    Comments (12) | Send Message
     
    Well HP and Dell seem to decrease with the pc market declining globally too and lenovo seems to gain more shipments than ever. Besides HP and Dell searching for other segments like 3d printing.
    I agree when it comes to quality there is nothing beating apples hard and software. I trowed my last windows device out of the window in 2008 for failing always.
    I think there is competition for IBM from lenovo because it's developing their own OS for china and other software build for open source maybe.
    9 Feb, 12:57 PM Reply Like
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