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.
Google Pay Arrives to Fully Replace Android Pay and Google Wallet
Feb 20, 2018
Google today released Google Pay, the revised payment application and service that replaces Android Pay. Google Pay encompasses most features of Google Wallet and Android Pay in a single app, allowing people to use Google Pay to make payments online and via mobile devices.
AT&T Says Edge Computing to Power 5G Experiences
Jul 18, 2017
AT&T hopes taking advantage of numerous, local data centers will enable the low-latency, high-speed features of 5G. The company is exploring a model called edge computing in order to balance the power needs of mobile devices with those of data center number crunching.
US and China Working to Settle ZTE Ban, But Opposition Remains
May 22, 2018
The U.S. and China are near to reaching a deal that would offer ZTE reprieve from the seven-year ban enacted against it by the Commerce Department.
Motorola President Rick Osterloh to Leave Lenovo
Mar 18, 2016
Lenovo today said Rick Osterloh will leave the company amid an internal reorganization. Osterloh has headed Motorola's efforts within Lenovo since the Chinese firm acquired Motorola from Google in 2014.
Huawei Hopes AI-Assisted Camera Will Set Mate 10, Mate 10 Pro Apart
Oct 16, 2017
Huawei today announced the Mate 10 and Mate 10 Pro, the Chinese company's flagship smartphones heading into the end of the year. The Mate 10 (left) and Mate 10 Pro (right) are high-end devices with curved glass panels front and back, and a metal frame in between.
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!