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Nokia Corporation Message Board

  • peso_123 peso_123 Sep 2, 2012 1:31 PM Flag

    Lenovo on the prowl ...

    Under AAPL summary yahoo news ... can't post the link ... "Lenovo Looks at Purchases Amid Mobile-Device Expansion"

    Lenovo laughed at the thought of rumor to M/A NOK before (awhile back) ... and now they are seriously thinking of aquiring for the mobile space.

    Wonder is NOK is in their sights? Who knows. Thought it was interesting they come out now with this article in light of them having a new W8 pad out.

    I think NOK can do it on their own ... seriously ... so if Lenovo wants some ... they need to start now I would suspect.

    The board rumor is MSFT will take a 10% stake in NOK. We'll see.

    Don't know nothing but what I read ... and I'm not sure of any of that.

    Sentiment: Strong Buy

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    • Lenovo could afford ALU. Dunno why they would want them tho. Lenovo would go along the direction of IBM somehow if it were to expand here. Maybe a JV or something similar to what NOK has with Siemens.

      Sentiment: Strong Buy

    • Lenovo to Consider Purchases Amid Expansion Into Mobile Devices

      Bloomberg NewsSep 02, 2012 12:01 pm ET

      Sept. 3 (Bloomberg) -- Lenovo Group Ltd. said it will consider acquisitions to drive growth and build competence as the world’s second-largest personal computer maker expands in new areas such as mobile devices.

      “We would fully leverage this tool if the target is consistent with our strategy,” Chief Executive Officer Yang Yuanqing said in a telephone interview from Beijing. “Any area which is consistent with our strategy where we are weak, we would like to consider acquisitions.”

      As Lenovo gets closer to its goal of passing market leader Hewlett-Packard Co. in global computer shipments, Yang is looking at ways to sustain the fastest annual pace in sales growth in six years. The company, which overtook Apple Inc. in the three months through June for second place in smartphone sales in China, will introduce 40 models of phones in the year started April 1, Yang said.

      “The mobile business, tablets and smartphones, is crucial for its long-term outlook, given the slowdown of global PC demand,” said Vincent Chen, an analyst at Yuanta Securities Co. in Taipei.

      Lenovo, which bought the PC division of International Business Machines Corp. in 2005, boosted sales last year by buying control of Medion AG, an Essen, Germany-based computer maker, and the PC unit of Tokyo-based NEC Corp. Sales rose 37 percent to $29.6 billion in the year ended March 31, the fastest rate since the 12 months through March 2006.

      Widen Offerings

      Now, Yang is stepping up development of smartphones, tablets and Internet-ready televisions to widen the company’s offerings, following Apple and Samsung Electronics Co. Yang declined to comment on specific potential acquisitions in the Aug. 31 interview.

      The company, whose headquarters are in Beijing and Morrisville, North Carolina, will introduce a wider array of phone models this fiscal year, making its strategy very different from a company like Apple that relies on the iPhone, Yang said.

      “Some companies use just one model to cover all the price bands and customer segments,” Yang said. “We will have multiple models to cover different price bands. We will have a much broader, wider product portfolio. Our development cycle will be much faster than our competitors.”

      Lenovo, which started smartphone sales 2 1/2 years ago in China, will start selling the devices in India, the Philippines and Indonesia in “a couple of months,” Yang said. The phone business, which currently loses money, will become profitable in “a couple of quarters,” Yang said.

      Overtaking Apple

      Lenovo overtook Apple during the second quarter for second place in smartphone sales in China, the world’s largest handset market. Lenovo jumped from seventh place in the first quarter to claim 11 percent of China’s smartphone sales in the three months ended June 30, market researcher IDC said Aug. 24. Apple’s share fell to 10 percent from 19 percent. Both trailed leader Samsung Electronics Co.’s 19 percent share, IDC said.

      Shares of Lenovo fell 0.6 percent to HK$6.30 in Hong Kong trading on Aug. 31. The shares have gained 22 percent this year, compared with a 5.7 percent advance in the Hang Seng Index.

      Lenovo’s first-quarter profit rose 30 percent to $141.4 million, beating analysts’ estimates, as it expanded market share globally.

      Market Share

      Lenovo increased shipments of computers including Thinkpad laptops by almost 15 percent in the second quarter, compared with a 0.1 percent decline in industrywide sales, Stamford, Connecticut-based Gartner Inc. said in July. That increased Lenovo’s market share by two percentage points to 14.7 percent in the period, almost matching Hewlett-Packard’s 14.9 percent, Gartner said.

      Sales of PCs are expected to expand 0.9 percent in 2012 to 367 million units. Tablet sales should increase 54 percent to 107 million and smartphones may rise 39 percent to 686 million, according to a forecast by IDC.

      Competition from tablets and smartphones may put that 1 percent PC growth at risk, according to Anand Srinivasan, an analyst with Bloomberg Industries.

      “Lenovo is acknowledging the difficulties ahead in PC hardware by attempting to rapidly expand its” mobile portfolio, said Jean-Louis Lafayeedney, an analyst at JI Asia in Hong Kong.

      --Edmond Lococo. Editors: Subramaniam Sharma, Tom Lavell

    • your last sentance is clear; u r an f-n idiot

      Sentiment: Strong Buy

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