Market Currents

• Friday, November 27, 2009

• 07:47 AM Lenovo (LNVGY.PK) plans to buy back Lenovo Mobile Communication Technology, a mobile handset maker it founded in 2002, for $200M in cash and stock - double the price it sold the unit for in Jan. 2008. The move will help diversify Lenovo's business, which is currently concentrated heavily on PCs. (PR) Comment!

• Thursday, January 8, 2009

• 07:23 AM Lenovo (LNVGY.PK) will slash around 11% of its workforce, and will cut executive pay by 30-50%. Forecasting its first loss in 11 quarters on falling PC demand, the firm will also combine its China and Asia Pacific units as part of its reorganization efforts. Comment!

• Wednesday, January 7, 2009

• 05:58 AM Lenovo (LNVGY.PK) shares are suspended pending the release of price-sensitive info. Market chatter expects a major restructuring plan as the PC giant faces flagging sales from the global slowdown and competition from aggressive, smaller rivals. Comment!

• Friday, December 12, 2008

• 14:27 PM "The directors wish to emphasize that the company does look at different business investment opportunities from time to time," Lenovo (LNVGY.PK) says of reports it is in preliminary discussions over possible investments and acquisitions. Hmm.. was that a 'yes'? Comment!

• Thursday, December 11, 2008

• 09:50 AM Lenovo (LNVGY.PK) confirms it's in discussions about possible acquisitions, but stays mum on rumors Brazilian PC maker Positivo Informatica is the buyout target. Comment!