Chinese technology giant Lenovo said Thursday it saw a loss for the second quarter following a restructuring plan, despite stronger sales in its mobile business.
Hewlett-Packard's ill-fated acquisition of software maker Autonomy will cost another $100 million, as the personal computer and printer maker prepares to settle class-action litigation tied to the 2011 deal.
Shares in Lenovo dropped by five percent Thursday after the Chinese technology giant posted weaker than expected revenue figures, despite a 19 percent jump in quarterly net profit.
Microsoft CEO Satya Nadella has lured away an executive from smartphone chip maker Qualcomm to hammer out more deals that will expand the software maker's presence in the mobile device market.
Hewlett-Packard's Interim Chairman Ralph Whitworth has resigned from the company's board to concentrate on personal health issues.
Lenovo Group, the biggest personal computer maker, said Thursday its latest quarterly profit rose 36 percent as sales of smartphones and tablet computers more than doubled.
Dell's woes worsened during its most recent quarter as the slumping personal computer maker resorted to rampant price cutting to slow a sales decline driven by a growing reliance on smartphones and tablets to connect to the ...
Lenovo Group says it is evolving quickly into a supplier of wireless computing, driven by booming sales of smartphones and tablets as consumers shift away from desktop computers.
Taiwan's leading personal computer maker Acer on Wednesday reported a net loss of $11.39 million in the April-June quarter mainly due to increasing expenses on investments and declining gross margins.
Dell's board rejected CEO Michael Dell's attempt to change the voting rules for his bid to buy the slumping personal computer maker, a decision that is likely to doom the deal.