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  Lenovo acquires Fujitsu's PC division and increases sales | Bit Updates
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Lenovo acquires Fujitsu's PC division and increases sales

Thursday, November 2nd, 2017 | bitcoin updates

          
    
    
    (Photo: dpa, Zhou Jianping)
                
            
             In a million-dollar deal Lenovo wants to take over the PC business of Fujitsu. Cost reductions and a slight recovery in PC sales are also contributing to better quarterly figures for the Chinese manufacturer.
            

        

        The computer and smartphone manufacturer Lenovo wants to take over the PC business of the Japanese group Fujitsu. It will take at least 157 million US dollars in the hand, as the Chinese company announced on Thursday. If the deal is successful for Lenovo, up to $ 269 million may be due. After years of shrinking from the competition from mobile devices, the classic computer business has begun to show signs that the PC market is stabilizing.
Lenovo has recently fought hard to bring its core businesses PC, smartphones and servers back to growth. The top position in the PC business was lost to the US competitor HP Inc, Lenovo in the mobile market lost despite the billionaire takeover of the US mobile phone manufacturer Motorola on the ground.
Recovery in the PC market Lenovo CEO Yang Yuanqing recently attempted to counteract cost reductions. The server business also suffered from aggressive competition. One reason for Lenovo, thanks to the recovery tendencies in the PC market to turn this back to the acquisition.
Efforts began to bear fruit in the second quarter. For example, PC shipments increased 17 percent in the three months ended September, compared to the previous quarter. Lenovo had the strongest sales growth in two years, with revenues up 5 percent to $ 11.8 billion, the company said. That was slightly more than analysts had expected.
Falling net incomeIn the bottom line, Lenovo outperformed expectations. Although net income declined 11 percent to $ 139 million, analysts had expected a stronger decline. In addition, Lenovo had realized book gains in the same quarter last year. The company continues to face rising costs for components such as memory chips. In the first quarter, Lenovo shocked investors with a loss.
Now, investors again took hold of the stock, which rose on Thursday by up to 5 percent. It continued its recent recovery, but is still well below the record high reached in 2015.
 (dpa) /

(Axk)

      

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