Lenovo to Pay $200M to Buy Its Phone Unit Back
Today PC-maker Lenovo announced that it will spend about $200 million to repurchase the mobile phone unit it sold to investors last year. Lenovo sold the mobile phone business in 2008 for about $100 million. It isn't clear what those private investors have done with the company in the last year. Lenovo believes that mobile devices will play an increasingly important role in computing, and thinks that by reacquiring the mobile phone business, it can bolster its existing PC business and provide for new opportunities in its home market of China and around the world.
Review: Lenovo Moto G4 Play
The Moto G4 Play takes up residence at the bottom of Lenovo's U.S. lineup of Android handsets.
Moto Mods to Be An Ecosystem, Says Lenovo
Lenovo's Moto unit said the Moto Mods, which attach to the new Z Droid and Z Droid Force smartphones, will be forward compatible with future devices. Lenovo said it has settled on a basic design size and shape for its smartphones that it will carry forward so forthcoming handsets will be able to use the existing set of Moto Mods.
Lenovo Shows Off the Vibe S1 Lite
Lenovo today announced the Vibe S1 Lite smartphone for select markets. The S1 is an Android handset that boasts a 5-inch full HD screen and a 1.3 GHz octa-core MediaTek 6753 processor with 16 GB of storage and support for memory cards up to 64 GB.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
The American way
Sell low. buy high
Except its a Chinese Corporation.
My math Might not add up, but they sold it for 100 million......... and buying it back for 200 million..... im pretty sure it didnt take 100 million to run that part of lenovo's company to progress during the year...s
Sell it for less! Buy it for more!