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Interdigital takes Lenovo to court over IP patent infringement
2019-09-03 02:00:00| Total Telecom industry news
US based tech firm, Interdigital, has filed a patent infringement action against Lenovo in the UK. The decision comes following a decade of negotiations between the two firms over a number of key 3G and 4G patents. Interdigital currently holds more than 32…read more on TotalTele.com »
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court
patent
infringement
Lenovo doubles quarterly profits on cost cuts, strong PC sales
2019-08-15 09:00:00| Telecompaper Headlines
(Telecompaper) Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its divisions. Revenues were up 5 percent to USD 12.5 billion, driven by the PC business, and the net profit rose to USD 162 million from USD 77 million a year ago.
Tags: sales
cost
strong
quarterly
Lenovo FY profits up strongly as Moto business turns around
2019-05-23 09:06:00| Telecompaper Headlines
(Telecompaper) Lenovo reported a strong improvement in profits for the year to March, driven by cost-cutting and a return to profit at its mobile activities in the second half of the year. Revenues rose 12.5 percent to a record USD 51.0 billion, operating profit tripled to USD 1.2 billion, and the net profit rose to USD 597 million from USD 33 million a year ago. Lenovo proposed a final dividend of HKD 0.218, up from HKD 0.205 a year ago.
Tags: business
strongly
moto
turns
Lenovo lifts revenues, profits in Q3, boosted by first profit at Motorola
2019-02-21 09:10:00| Telecompaper Headlines
(Telecompaper) Lenovo said revenues for its fiscal third quarter to end December reached their highest level in four quarters, boosted by a higher pre-tax profit at Mobile Business Group (MBG), its first time since the acquisition of Motorola, and a strong performance at all major business groups. Revenues for the group lifted 8 percent from the year before to USD 14.035 billion. The operating profit meanwhile leaped 112 percent to USD 434 million, while the pre-tax profit more than doubled to USD 350 million from 150 million and the net result strengthened to a gain of USD 233 million from a loss of 289 million. Diluted earnings per share went to 1.92 cents, from a loss of 2.53 cents.
Tags: profit
motorola
profits
revenues
Lenovo, Verizon to Reincarnate Motorola Razr as Foldable Smartphone: Report
2019-01-17 14:00:00| TechNewsWorld
The Motorola Razr -- once the hottest flip phone available -- is being revived as a smartphone with a foldable screen, according to reports. It will be offered exclusively through Verizon in the United States, possibly in February, although the device is still being tested and the launch date is not firm. Its starting price reportedly will be $1,500.
Tags: report
motorola
verizon
smartphone
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