Lenovo Group Ltd (0992.HK)
18 Aug 2017
HONG KONG Chinese personal computer maker Lenovo Group Ltd warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday.
* Company says supply constraints to persist, expect data business to turn profitable in 2 yrs (Adds chairman comments, share price, details from earnings call)
HONG KONG Chinese personal computer maker Lenovo Group Ltd is more confident it can achieve its turnaround goal for its mobile business in the second half of fiscal year 2018, Chairman and Chief Executive Yang Yuanqing told Reuters on Friday.
HONG KONG, Aug 18 Chinese personal computer maker Lenovo Group Ltd posted a first-quarter loss on Friday citing higher costs and slower growth in the personal computer market, and said the outlook was challenging due in part to supply constraints.
* Qtrly loss attributable to equity holders of company $72 mln vs profit of $173 mln
SHANGHAI Lenovo Group Ltd's personal computer (PC) business will return to positive growth in its fiscal 2017/18 year, the firm's chief executive Yang Yuanqing told Reuters on Thursday, after a drop in shipments last year.
* Lenovo mobile phone business to focus on growth in developed mkts (Adds more comments from CEO)
HONG KONG/FRANKFURT China's Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque Internationale a Luxembourg (BIL), a person with knowledge of the matter told Reuters.
BRUSSELS Europe's top court will rule on Sept. 6 whether to uphold Intel's appeal against a 1.06-billion-euro ($1.2 billion) EU antitrust fine, a case with ramifications for Google's challenge against a record sanction handed out this week.
BRUSSELS, June 30 Europe's top court will rule on Sept. 6 whether to uphold Intel's appeal against a 1.06-billion-euro ($1.2 billion) EU antitrust fine, a case with ramifications for Google's challenge against a record sanction handed out this week.