0992.HK - Lenovo Group Limited

HKSE - HKSE Delayed Price. Currency in HKD
-0.060 (-1.31%)
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Previous Close4.570
Bid4.510 x 0
Ask4.510 x 0
Day's Range4.510 - 4.780
52 Week Range3.540 - 6.580
Avg. Volume38,614,526
Market Cap54.187B
Beta (5Y Monthly)1.11
PE Ratio (TTM)10.42
EPS (TTM)0.433
Earnings DateAug 13, 2020 - Aug 18, 2020
Forward Dividend & Yield0.28 (6.08%)
Ex-Dividend DateJul 13, 2020
1y Target Est0.73
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Thomson Reuters StreetEvents

      Edited Transcript of 0992.HK earnings conference call or presentation 20-May-20 2:00am GMT

      Full Year 2020 Lenovo Group Ltd Earnings Call

    • Lenovo Introduces Virtual Care – A Solution for Providers to Support Individualized Care at Home for Patients with Chronic Conditions
      Business Wire

      Lenovo Introduces Virtual Care – A Solution for Providers to Support Individualized Care at Home for Patients with Chronic Conditions

      Today, Lenovo™ (HKSE: 992) (ADR: LNVGY) introduced Lenovo Virtual Care, a full patient-to-provider virtual solution to remotely monitor, guide and educate patients with various chronic health conditions. In partnership with Vianova Health, Lenovo Virtual Care combines trusted Lenovo hardware with advanced biometric devices and AI-powered software to virtually coach patients through their individualized care plan and drive better overall outcomes.

    • Reuters

      Apple not dominant in any market, plenty of rivals, senior executive says

      IPhone maker Apple, the target of EU antitrust investigations into key segments of its business, on Tuesday rejected accusations of market dominance, saying it competes with Google, Samsung and other rivals. Earlier this month, the European Commission opened investigations into Apple's App Store and mobile payment system Apple Pay, concerned about its role as a gatekeeper to its lucrative platform. "We compete with a wide variety of companies, Google, Samsung, Huawei, Vivo, LG, Lenovo and many more," Daniel Matray, head of Apple's App Store and Apple Media Services, told a Forum Europe online event.

    • Inpixon and Lenovo Bring Social Distancing and Contact Tracing Solutions to Workplaces Worldwide
      PR Newswire

      Inpixon and Lenovo Bring Social Distancing and Contact Tracing Solutions to Workplaces Worldwide

      Inpixon (Nasdaq: INPX), a leading indoor data company that delivers Indoor Intelligence™ solutions, today announced it is working with Lenovo as an authorized reseller of Inpixon Workplace Readiness™ solutions. Lenovo will market and sell Inpixon Workplace Readiness solutions through Lenovo's sales channels. Deployments will be facilitated by Lenovo's field network of more than 20,000 technicians.

    • Business Wire

      Lenovo Delivers Business Intelligence with Solutions Purpose-Built for Analytics and AI Workloads

      Lenovo launches two new ThinkSystem servers which now feature 3rd Gen Intel Xeon Scalable processors with enhanced support for SAP HANA.

    • Reuters

      Qualcomm pushes 5G tech into chips for cheaper phones

      Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year. San Diego-based Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones to wireless data networks. The company's chips featuring fifth-generation (5G) cellular telecommunications technology are currently in many premium-priced smartphones such as Samsung Electronics Co Ltd's Galaxy devices.

    • Coronavirus-Led Demand for Cloud Services Aids Server Vendors

      Coronavirus-Led Demand for Cloud Services Aids Server Vendors

      Server vendors are witnessing robust demand from cloud services and data-center providing companies, which have somewhat offset the overall negative impact of the coronavirus crisis.

    • Apple Plans to Announce Move to Its Own Mac Chips at WWDC

      Apple Plans to Announce Move to Its Own Mac Chips at WWDC

      (Bloomberg) -- Apple Inc. is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel Corp., as early as this month at its annual developer conference, according to people familiar with the plans.The company is holding WWDC the week of June 22. Unveiling the initiative, codenamed Kalamata, at the event would give outside developers time to adjust before new Macs roll out in 2021, the people said. Since the hardware transition is still months away, the timing of the announcement could change, they added, while asking not to be identified discussing private plans.The new processors will be based on the same technology used in Apple-designed iPhone and iPad chips. However, future Macs will still run the macOS operating system rather than the iOS software on mobile devices from the company. Bloomberg News reported on Apple’s effort to move away from Intel earlier this year, and in 2018. Apple shares were up less than 1% Tuesday while Intel was down less than 1%.Apple is using technology licensed from Arm Ltd., part of Japanese tech conglomerate SoftBank Group Corp. This architecture is different from the underlying technology in Intel chips, so developers will need time to optimize their software for the new components. Cupertino, California-based Apple and Santa Clara-based Intel declined to comment.This will be the first time in the 36-year history of the Mac that Apple-designed processors will power these machines. It has changed chips only two other times. In the early 1990s, Apple switched from Motorola processors to PowerPC. At WWDC in 2005, Steve Jobs announced a move from PowerPC to Intel, and Apple rolled out those first Intel-based Macs in January 2006. Like it did then, the company plans to eventually transition the entire Mac lineup to its Arm-based processors, including the priciest desktop computers, the people said.Read more: Apple Aims to Sell Macs With Its Own Chips Starting in 2021Apple has about 10% of the PC market, so the change may not cut into Intel sales much. However, Macs are considered premium products. So if the company moves away from Intel for performance reasons it may prompt other PC makers to look at different options, too. Microsoft Corp., Samsung Electronics Co. and Lenovo Group Ltd. have already debuted laptops that run on Arm-based chips.Apple’s chip-development group, led by Johny Srouji, decided to make the switch after Intel’s annual chip performance gains slowed. Apple engineers worried that sticking to Intel’s road map would delay or derail some future Macs, according to people familiar with the effort.Inside Apple, tests of new Macs with the Arm-based chips have shown sizable improvements over Intel-powered versions, specifically in graphics performance and apps using artificial intelligence, the people said. Apple’s processors are also more power-efficient than Intel’s, which may mean thinner and lighter Mac laptops in the future.Apple’s move would be a highlight of this year’s WWDC, which will be held online due to the Covid-19 pandemic. Because of the fluid nature of the global health crisis and its impact on Apple’s product development, the timing of the chip announcement could change.At the conference, Apple is also readying updates to its other operating systems -- iOS, iPadOS, tvOS and watchOS -- with changes to augmented-reality capabilities, deeper integration with outside apps and services, and improved Apple Watch fitness features. A big priority is improving the performance of its mobile software after last year’s release, iOS 13, suffered from several issues.The company is working on at least three of its own Mac processors, known as systems-on-a-chip, with the first based on the A14 processor in the next iPhone. In addition to the main central processing unit, there will be a graphics processing unit and a Neural Engine for handling machine learning, a popular and powerful type of AI, the people said. In the past, Apple has made chips for specific Mac functions, such as security.Read more about Apple’s upcoming Mac chips here.Intel has faced more competition as its lead in production technology -- a key way to improve semiconductor performance -- has slipped. Taiwan Semiconductor Manufacturing Co. makes processors for many of Intel’s rivals using a more advanced process.TSMC will build the new Mac processors using a 5-nanometer production technique -- the same approach as for the next iPhones and iPad Pros. Intel rivals Qualcomm Inc. and Advanced Micro Devices Inc. also use TSMC to make their chips.The Apple chip project has been in the works for several years and is considered one of the company’s most secretive efforts. In 2018, Apple successfully developed a Mac chip based on the iPad Pro’s processor for internal testing, giving the company confidence it could announce such a shift this year.(Updates shares in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • For Hewlett Packard It’s a Question of If Not Now, When?

      For Hewlett Packard It’s a Question of If Not Now, When?

      Hewlett Packard's (NYSE:HPQ) most recent earnings delivered a split decision for HPQ stock investors to ponder. On the top line, Hewlett Packard fell short of analysts' estimates. The company posted $12.5 billion in revenue, which was shy of the $12.86 billion that analysts were predicting. It was a decline of over 8% on a year-over-year (YoY) basis, and the second YoY quarterly decline in revenue.Source: Tomasz Wozniak / Shutterstock.com However on the bottom line, HP posted a nice beat of 51 cents EPS versus the 45 cents EPS that was estimated. That was still lower than the 53 cents EPS that HP posted in the same quarter in 2019.HP also provided future guidance that was on the low end of prior estimates. The company is now forecasting earnings of 39 cents to 45 cents a share. Consensus forecasts called for 47 cents a share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven HP's supply chain disruption at the onset of the Covid-19 pandemic, investors were less concerned about the company's forward guidance than to the current results. After all, HP has been relatively strong for the last five years and has very little stock growth to show for it.A bullish investor might point out that the company's stock price in 2018 was up to levels not seen in almost 10 years. However, prior to the March selloff, HPQ stock was down about 16% from its five-year high set in 2018. * 7 Reliable Defense Stocks to Buy During Troubling Times Clearly investors were seeing something they didn't like even before the Covid-19 pandemic. Hewlett Packard has two major business units, personal computers and printers. And while the Hewlett Packard brand name is still strong, the two units face different challenges. Hewlett Packard's Business Units Face Short- and Long-Term ChallengesAccording to the research firm Canalys, Hewlett Packard has 21.8% of the global market for personal computers. Only Lenovo (OTCMKTS:LNVGY) had a higher market share at 23.9%. In 2019, the personal computer industry posted revenue growth of 2.7%. That was the industry's first year of full-year revenue growth since 2011.Revenue in this unit dropped 7% from the previous year, ending a streak of 15 consecutive quarters of revenue growth in the personal systems segment. However operating profits were up 43%, and the company did see a rise of 5% in notebook sales as workers geared up to work at home.But Canalys is projecting that, not unexpectedly, business spending is likely to decrease for the rest of 2020. And if unemployment continues to increase, that would be an additional headwind for PC sales.Plus, the company's other division is printing. For all the things that HP trumpets as positives about the PC side of the business (expanding margins and rising sales), the opposite is true in the printing segment. Sales in the printing division fell 19% from the previous year. And operating profits declined by 35%.The product lifecycles are longer than personal computers and won't be getting shorter in a recessionary environment. Plus, although the company is gradually growing its subscription service for selling printer ink, the gains are not enough to offset the decline in overall sales volume. Buy HPQ Stock for Value, Not GrowthI believe that Hewlett Packard faces some difficult-to-ignore challenges in its efforts to grow HPQ stock significantly in 2020. However, for value investors, the story is different.Hewlett Packard ended the quarter with $4.1 billion in cash on hand. In the past, the company has been returning that to shareholders through share buybacks and dividends. The company has been in cost-cutting mode for some time and therefore there was some question about whether it would continue with its $8 billion share buyback program.When pressed on the earnings call about that, CFO Steve Fieler was non-committal on answering if the full amount would be purchased. However, during a call with analysts, HP hinted that it would temporarily halt the program based on market conditions.However, it still seems like the company's dividend is safe. That's because only 31.25% of the company's earnings are paid back as a dividend.On an annual basis, the current dividend of 70 cents per share is not enormous. But it's most likely reliable. And that's something that shouldn't be dismissed if you're an investor looking for something certain.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019. As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post For Hewlett Packard Ita€™s a Question of If Not Now, When? appeared first on InvestorPlace.

    • Reuters

      Ex-Apple engineers aim to help U.S. hardware makers troubleshoot from home

      For years, hardware engineers at American consumer electronics firms have hopped on a flight to China to iron out manufacturing kinks on assembly lines, but the COVID-19 pandemic and Sino-U.S. tensions have made travel between the countries difficult. A startup founded by ex-Apple Inc engineers, however, has come up with a system that would help engineers troubleshoot remotely. California-based Instrumental Inc, co-founded by Anna-Katrina Shedletsky and Sam Weiss, has created a system that relies on outfitting manufacturing lines with cameras and then analyzing the images using artificial intelligence software.

    • HP Fails to Capitalize on Surging Demand for PCs During the COVID-19 Crisis
      Motley Fool

      HP Fails to Capitalize on Surging Demand for PCs During the COVID-19 Crisis

      HP (NYSE: HPQ) recently posted its second-quarter earnings, and the results didn't impress investors. The PC and printer maker's revenue fell 11% annually to $12.5 billion, missing estimates by $240 million.

    • Bloomberg

      Why Is Beijing Bailing Out Car Inc.?

      (Bloomberg Opinion) -- Famed investor Carl Icahn couldn’t save an American emblem, Hertz Global Holdings Inc. So why does a Beijing-backed enterprise think it can rescue China’s largest car rental company?   With its prospects for fresh capital dimming, Car Inc., which shares a chairman with scandal-hit Luckin Coffee Inc., says it’s selling a stake to Beijing Automotive Group Co., the Chinese joint venture partner for Daimler AG-owned Mercedes-Benz and Hyundai Motor Co. BAIC plans to buy up to 21.26%, or a maximum 450.8 million shares, the entire ownership of parent UCAR Inc. That would make the state-owned entity the second-largest shareholder behind Legend Holdings, parent of computer maker Lenovo Group Ltd. Another agreement that was in the works between UCAR and a vehicle linked to private equity giant Warburg Pincus LLC will be terminated. Investors cheered Monday’s news, with the stocks and bonds rising from near rock-bottom. The sale would help sever ties between Car Inc. and Luckin and, in theory, reduce further fallout from the scandal engulfing the coffee chain and Chairman Charles Lu Zhengyao that has riled regulators. But the rescue doesn’t make much strategic or financial sense for either Car Inc. or BAIC.The last thing BAIC needs in the current auto market, which was sagging even before the pandemic, is the stress of a troubled rental company and all the strings attached. The auto giant’s first-quarter results showed that net profit declined 95% on year. The local Beijing brand posted a loss of 1.4 billion yuan ($196 million). Mercedes-Benz was better off because premium-segment demand has held up. Sales volume halved on the Hyundai side. BAIC is already playing rescuer elsewhere, bolstering dealerships with financial support like payable extensions, interest waivers and higher subsidies.What BAIC will —  or can — do for Car Inc. through such an arrangement is unclear. The company may end up being a sink for BAIC. The rental business relies heavily on financing and needs capital with high costs on vehicle acquisitions and other such operations. UCAR, the parent, has also been a source of revenue for Car Inc. through fleets; what happens to those relationships once ties are cut will be in doubt. Car Inc. has to deal with the residual value of its cars because in China, manufacturers don't offer guaranteed depreciation or repurchase programs. The company also has guaranteed subsidiary borrower loans onshore along with other shadow financing arrangements. It will be on the hook if there are any defaults. The rental company’s future, with or without a savior, was already up in the air. Moody’s Investors Services expects its leverage ratio to rise over the next 12 months as revenues and demand fall. The cancelled sale of the second tranche of shares to Warburg would have made the firm Car Inc.’s largest shareholder, and could have eased worries about governance and capital shortages, according to S&P Global Intelligence. UCAR sold the first portion — a 4.65% stake — in April to the U.S. firm.This raises several questions for Car Inc. bondholders should BAIC eventually buy the entire stake. UCAR had pledged the shares as collateral for some loans last June. Now, there’s the risk of a change of control event and accelerated debt repayments. Any modifications to the ownership, that is, if the cumulative stakes of major shareholders fall below a 35% threshold, would trigger the clause.There are other considerations. Does Daimler want a part of this? The German company owns 30% of BAIC’s Hong Kong-listed shares. The stake sale, if completed, could open it up to the risk of helping Car Inc. That may weigh on its Chinese partners’ financial standing domestically if Daimler is pushed to support the rental firm’s business.It’s one thing to bail out a good company with a bad balance sheet. But Beijing’s modus operandi of rescuing all companies and banks lands it just where it doesn’t want to be: holding the bag for many bad actors. Consider this: In March last year, UCAR took a 67% stake in an entity related to BAIC through a complicated transaction. It still hasn’t fully paid back the equity portion, according to local media reports. It also owes principal and interest payments. Perhaps this is the way in to get some money back? Either way, this bailout looks wrong. The imminent arrival of a white knight does little in the way of reorganizing or fixing this business; it just shifts around liabilities and a web of ties. Investors shouldn’t rejoice too soon.  This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Lenovo Mirage VR S3 Standalone Headset with ThinkReality Is Ready to Empower Global Enterprises and Their Workers
      Business Wire

      Lenovo Mirage VR S3 Standalone Headset with ThinkReality Is Ready to Empower Global Enterprises and Their Workers

      Today, during the VR/AR Global Summit Online Conference, Lenovo™ (HKSE: 992) (ADR: LNVGY) announced the latest addition to its portfolio of commercial virtual reality (VR) solutions — the Lenovo Mirage VR S3 headset with ThinkReality. The new VR solution for enterprise was unveiled during the keynote speech by Nathan Pettyjohn, Commercial AR/VR Lead, Intelligent Devices Group, Lenovo.

    • GlobeNewswire

      LBC Capital Announces 3-year Extension of Equipment Financing Partnership with Lenovo

      LBC Capital today announced the extension of its partnership with Lenovo, which will see LBC Capital continue as the exclusive lessor for the Lenovo Financial Services program in Canada until 2023. Since its 2010 launch, this partnership has leveraged the strength of both companies and has helped Lenovo and its business partners provide a robust offering of lease and finance products that enable their clients to obtain the latest technology, services and software that maximizes IT performance through LBC Capital’s offering of simple, flexible and accessible leasing and financing solutions.

    • Lenovo profit beats estimates, sees growth as more people work from home

      Lenovo profit beats estimates, sees growth as more people work from home

      Lenovo Group <0992.HK>, the world's biggest maker of personal computers, reported a deep slump in fourth-quarter profit due to disruptions caused by the coronavirus crisis, although the result was far better than expectations. Lenovo Chairman Yang Yuanqing told Reuters production was back on track and he expects to see year-on-year revenue growth this quarter for its PC and smart devices business and its data centre business as more people work from home permanently. Net profit tumbled 64% in January-March to $43 million but was ahead of a Refinitiv consensus estimate of $7.5 million.

    • 3 Tech Stocks Backed By Killer New Laptop Releases

      3 Tech Stocks Backed By Killer New Laptop Releases

      The novel coronavirus has been bad news for most tech stocks. Even if their business has escaped a direct impact, the market selloff in March knocked them down significantly.However, one market segment that has staged a surprising comeback as a direct result of the pandemic is laptops. With employees working from home en masse, laptop sales have spiked. Research from the NDP Group shows laptop sales in the U.S. grew by 10% in the first two weeks of March alone.There have been reports of store shelves (and online stock) stripped of popular laptops, globally. Supply chain disruptions when the coronavirus first swept through China haven't helped there, but demand is also stronger than manufacturers have seen in years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Earnings Reports to Watch Next Week These three companies have just released killer new laptops that are perfectly positioned to take advantage of the coronavirus work from home trend: * Apple (NASDAQ:AAPL) * Microsoft (NASDAQ:MSFT) * Lenovo Group (OTCMKTS:LNVGY)A spike in laptop sales may not be a make or break event for a company like Apple. However, with other elements of its business under pressure, the added revenue of a suddenly resurgent laptop market is good news for AAPL stock. With that in mind, let's take a deeper look behind the new laptops that are helping support these tech stocks now. Tech Stocks Backed By New Laptop Releases: Apple (AAPL)Source: thanat sasipatanapa / Shutterstock.com On May 4, Apple released the latest version of its 13-inch MacBook Pro.This is an extremely important launch for the company. The 13-inch MacBook Pro is often described as the workhorse of Apple's laptop lineup. It's extremely popular with professionals and students. The new MacBook Pro features 10th generation Intel (NASDAQ:INTC) Core processors, a 13-inch Retina display, Touch Bar, Touch ID and double the storage. The performance upgrades are welcome, but what makes this laptop so critical is its keyboard. After years of pressure, class action lawsuits, and a recall program, Apple finally ditched its Butterfly keyboard. The new laptop gets the "Magic Keyboard," which is a return to the tried and true scissor switch design. This alone should kickstart sales, after several years, where Mac fans held off on upgrading.The new 13-inch MacBook Pro starts at $1,299 making it an affordable choice for home use.Mac revenue has been overshadowed by the iPhone, Wearables and Services, but when AAPL reported its second quarter earnings, the Mac division still brought in $5.35 billion. Microsoft (MSFT)Source: NYCStock / Shutterstock.com Microsoft's Surface line of PCs has become increasingly important to its bottom line. When the company reported its third-quarter earnings at the end of April, the More Personal Computing division -- which includes Surface -- saw $11 billion in revenue. That's a 2.9% year-over-year increase. That performance during a quarter that was impacted by the coronavirus pandemic exceeded analyst expectations and helped push MSFT stock to a big gain.On May 6, Microsoft announced the new Surface Book 3, and the Surface Go 2.The Surface Book 3 is a powerful, professional-class laptop with a twist. The entire display can be undocked from its hinge to be used as a super-sized tablet. The laptop offers workstation performance, with 10th generation Intel Core CPUs and Nvidia (NASDAQ:NVDA) graphics. It also delivers up to 17.5 hours of battery life.The Surface Go 2 could be particularly attractive for many families. This is a Windows 10 tablet with a 10.5-inch PixelSense display. It's equipped with dual microphones to improve noise cancellation, and a 5MP web cam. That makes it ideal for Teams video meetings. Add the optional Type Cover and it's transformed into a compact laptop that runs Windows software.With a starting price of $399, The Surface Go 2 makes for a compelling, affordable solution for those who find themselves working from home. It's also priced right for students who may find themselves taking online courses. Lenovo (LNYGY)Source: JHVEPhoto / Shutterstock.com Lenovo is the world's top-selling PC vendor, with nearly 25% of the global market.The company is making headlines because of new models announced in its popular ThinkPad line of laptops. The reason for the excitement is what's inside them and the price.The new ThinkPad E14 and ThinkPad E15 ditch Intel and instead will be equipped with new Ryzen mobile processors from Advanced Micro Devices (NASDAQ:AMD). "We are delighted to partner with AMD and leverage their ground-breaking 7nm process technology within our ThinkPad laptops, and to offer our customers class-leading computing solutions that will help ensure business continuity during and beyond these challenging times."The new ThinkPads start at $639, offering a very attractive price to performance ratio. This makes them ideal for working from home. In addition, Lenovo announced another five ThinkPads that will offer Ryzen processors as an option. This wave of laptops from the world's number one vendor is a big win for AMD, which is increasingly stealing marketshare from Intel.Brad Moon has been writing for InvestorPlace.com since 2012. He also writes about stocks for Kiplinger and has been a senior contributor focusing on consumer technology for Forbes since 2015.  As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Tech Stocks Backed By Killer New Laptop Releases appeared first on InvestorPlace.

    • Apple Acquires Startup NextVR that Broadcasts VR Content

      Apple Acquires Startup NextVR that Broadcasts VR Content

      (Bloomberg) -- Apple Inc. confirmed it acquired NextVR, a startup that provides sports and other content for virtual-reality headsets.The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.’s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.NextVR has deals with sports leagues including the National Basketball Association and entertainment networks such as Fox Sports. The startup also has expertise in live streaming in virtual reality, which could also be useful for live concerts and games.The Newport Beach, California-based startup officially shut down this week, saying on its website that it is “heading in a new direction.” Apple said it buys smaller technology companies from time to time, and generally does not discuss its purpose or plans. It didn’t disclose a purchase price, but website 9to5Mac reported in April that Apple was in talks to buy NextVR for about $100 million.The deal is at least the third for Apple this year, following the purchase of Voysis, an Irish startup that focuses on voice technology, and Dark Sky, a popular weather app.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Lenovo Launches Virtual Rounding for Healthcare Providers
      Business Wire

      Lenovo Launches Virtual Rounding for Healthcare Providers

      Today, Lenovo™ (HKSE: 992) (ADR: LNVGY), a global leader in providing advanced technologies for the healthcare industry, introduces Virtual Rounding to enhance virtual patient care. With surging hospital visits and exhausting supplies of personal protective equipment (PPE), the COVID-19 pandemic is accelerating the need for intelligent transformation in healthcare. Lenovo remains committed to building innovative devices and solutions that support and adapt to the changing healthcare landscape.

    • Special education teacher surprises students with new laptops
      ABC News Videos

      Special education teacher surprises students with new laptops

      Michael Tricarico opens up about why he loves his job and gets a surprise of his own after giving his students much-needed laptops to help them learn at home.

    • 3 Top International Stocks to Buy in May
      Motley Fool

      3 Top International Stocks to Buy in May

      The stock market volatility caused by the COVID-19 pandemic is likely causing investors to consider "selling in May and staying away" until the crisis ends. The U.S. certainly seems to be in a tough spot right now, with high unemployment rates, delayed stimulus payments, virus misinformation, insufficient testing and containment measures, and political gridlock. Today I'll highlight three resilient international stocks investors should consider buying in the dreaded month of May.

    • Reuters

      Lenovo launches new server platform with AMD data center chips

      Demand from cloud computing companies have boosted sales of server chips, helping the overall results of AMD and rival Intel Corp. Lenovo, the world's biggest maker of personal computers, is also a major maker of servers that sit inside data centers and power online services such as gaming and video streaming. Intel's Xeon chips have dominated the market for server chips, but AMD has been gaining ground since its re-entry into the business three years ago with rival EPYC processors that earned positive reviews.

    • Business Wire

      Lenovo Provides Customers with an EPYC™ Choice in Data Center Servers

      Lenovo Data Center Group announces the launch of the ThinkSystem SR645 and SR665 two-socket servers featuring enhanced performance.

    • There Are Plenty of Hard Times Ahead for Qualcomm Stock

      There Are Plenty of Hard Times Ahead for Qualcomm Stock

      With the global economy in a recession and China-U.S. tensions at all-time highs, now is not a good time to be exposed to higher-end smartphones. As a result, investors should sell Qualcomm (NASDAQ:QCOM) before Qualcomm stock follows Apple down.Source: jejim / Shutterstock.com In a column published on Mar. 13, I contended that "Apple (NASDAQ:AAPL) is likely to be hit hard by a recession." I added that, given the high cost of iPhones, "I would hypothesize that iPhone sales and, consequently, Apple's results, would drop tremendously during the next recession."About a month later, Goldman Sachs reached a similar conclusion. Saying that the economic downturn would hurt iPhone sales, the firm downgraded Apple stock to "sell," Goldman estimated that iPhone sales would tumble 36% year-over-year in the second quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's very bad news for Qualcomm, which makes chips for the iPhone and other smartphones. In the first quarter of this year, its chip business generated $3.6 billion of its $5.1 billion of revenue. * 7 of the Best Large-Cap Stocks to Buy Now Further, the Wall Street Journal reported in February that Qualcomm was making more money from expensive 5G phones than from less costly devices. Similarly, the company said in February that 5G devices were pushing its average selling prices higher.As the recession takes hold around the world, sales of such devices will likely drop sharply.So it wasn't surprising that Goldman also cut its rating on QCOM stock to "sell" from "neutral," saying that weak smartphone sales would hurt its chip business as well as its licensing revenue. The chip and licensing businesses together in Q1 accounted for nearly all of the company's revenue.Indeed, given the weaker than expected demand for 5G devices made by Apple, Samsung, and other suppliers, the company's Q2 top and bottom lines are likely to come in below analysts' average outlook. As a result, QCOM stock will likely decline.Already in February, Quacomm predicted that it would sell 10 million to 30 million fewer chips and modems this year than it had in 2019. TheStreet blamed the decline on increased competition from Taiwan-based MediaTek. But whatever the reason, the recession is only going to make the situation worse for Qualcomm and those who own QCOM stock. U.S.-China Tensions Could Hurt Qualcomm StockIn my March column on Apple, I noted tha many media outlets have reported that iPhone sales in China (had) dropped sharply. For example, "a Chinese research firm estimated that iPhone sales had plunged 61% year-over-year in February," I reported.Noting that Beijing had sought to blame the U.S. for the coronavirus outbreak, I suggested that anti-American sentiment, in addition to the epidemic, had likely contributed to weak iPhone demand in China.Since my previous column was published, the tension between the U.S. and China has greatly increased, as President Donald Trump and other Republicans have much more vocally accused Beijing of negligently handling the epidemic.That anti-American sentiment may reduce Qualcomm's revenue not only from Apple, but from Chinese smartphone makers as well.Given the intense tensions between the U.S. and China, Chinese smartphone makers like Huawei, Oppo, Lenovo (OTC:LNVGY), and Xiaomi (OTC:XIACF) may be reluctant to incorporate Qualcomm's chips into their devices. Since Chinese smartphone makers now control the lion's share of the Asian nation's market, that would be a really big deal for Qualcomm and QCOM stock. The Bottom Line on QCOM StockThe recession and anti-American sentiment among China's citizens are likely to put a great deal of pressure on Qualcomm's results going forward. Yet the shares have only dropped 18% this year.Further, the stock is trading at a price/earnings ratio of 20 and a price/sales ratio of nearly four. Those ratios are not very low at all. Consequently, I recommend that investors sell their shares.Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been GE, solar stocks, and Snap. You can reach him on StockTwits at @larryramer. As of this writing, he did not own any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post There Are Plenty of Hard Times Ahead for Qualcomm Stock appeared first on InvestorPlace.

    • Reuters

      Asian corporates to delve deeper into U.S. dollar bond markets

      Asia's international dollar-based corporate bond market is expected to spring back to life following Malaysian oil giant Petronas's $6 billion debt deal - the biggest in the region since coronavirus hit - bankers and advisers say. Dollar bond market sales in the region have significantly lagged the United States, where bankers say the Federal Reserve's fiscal stimulus package has led to increased credit purchases. Since the start of March, there has been $431 billion worth of corporate bonds sold in the United States compared to just $31.5 billion in Asia, including Japan, according to Dealogic figures.