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66-638: Assembled almost entirely from bought in OEM component parts (e.g., the KB ;2400 cab shell from the Berliet GR/TR , engines from Cummins , transmission from Eaton ) it was introduced to fill a perceived gap in the market in anticipation of the relaxation of weight restrictions on HGVs , and as such had a very strong chassis and heavy duty suspension. The Berliet KB 2400 cab was also used by Renault for their R-series . Recognizable by its high cab, it

132-484: A 5% share. Lenovo and NEC also agreed to explore cooperating in other areas such as servers and tablet computers. Roderick Lappin, chairman of the Lenovo–NEC joint venture, told the press that the two companies will expand their co-operation to include the development of tablet computers. In June 2011, Lenovo announced that it planned to acquire control of Medion , a German electronics manufacturing company. Lenovo said

198-654: A car, then car restorers and collectors consider those to be the OEM parts. Other-brand parts would be considered aftermarket, such as Champion spark plugs, DieHard batteries, Kinsler fuel injectors, and BMP engine blocks and heads. Many auto parts manufacturers sell parts through multiple channels, for example to car makers for installation during new-vehicle construction, to car makers for resale as automaker-branded replacement parts, and through general merchandising supply chains. Any given brand of part can be OEM on some vehicle models and aftermarket on others. Microsoft

264-579: A change in typography or the look of the logo. We asked 'If we really are a net-driven, customer-centric company, what should the logo look like?' We came up with the idea of a digital logo first [...] designed to be used on the internet and adaptable to context." In early June 2015, Lenovo announced plans to sell up to US$ 650 million in five-year bonds denominated in Chinese yuan. The bonds were sold in Hong Kong with coupon ranging from 4.95% to 5.05%. This

330-477: A closer relationship with Intel, the maker of most server processors, through its acquisition of IBM's x86-based server business. On 1 October 2014, Lenovo closed its acquisition of IBM's server division, with the final price put at $ 2.1 billion. Lenovo said this acquisition came in at a price lower than the previously announced $ 2.3 billion partially because of a change in the value of IBM inventories. The deal has been already approved by Europe and China. Per Forbes,

396-546: A company doing quality checks on computers. It also tried and failed to market a digital watch. In May 1988, Lenovo placed its first recruitment advertisement on the front page of the China Youth News . Such ads were quite rare in China at the time. Out of the 500 respondents, 280 were selected to take a written employment exam. 120 of these candidates were interviewed in person. Although interviewers initially only had

462-498: A different requirement regarding installation media from Direct OEMs. While a clean retail media of Windows can be installed and activated on these devices with OEM keys (most commonly using the SLP key that's embedded in to the system firmware already), actual OEM recovery media that was created by the PC manufacturer (not system-builder, nor retail Windows versions) typically only works on

528-490: A final sale in 2011 completing their divestment. Mary Ma , Lenovo's chief financial officer from 1990 to 2007, was in charge of investor relations. Under her leadership, Lenovo successfully integrated Western-style accountability into its corporate culture. Lenovo's emphasis on transparency earned it a reputation for the best corporate governance among mainland Chinese firms. While Hong Kong-listed firms were only required to issue financial reports twice per year, Lenovo followed

594-694: A governmental research institute. Then known as Legend, the company developed numerous electronics before focusing on personal computers. Co-founder Liu Chuanzhi incorporated Legend in Hong Kong in an attempt to raise capital and was successfully permitted to build computers in China. It listed on the Hong Kong Stock Exchange in 1994 and became the largest PC manufacturer in China and eventually in Asia; they were also domestic distributors for HP printers, Toshiba laptops, and others. After

660-717: A joint venture with Fujitsu and the Development Bank of Japan (DBJ). In the joint venture, Fujitsu would sell Lenovo a 51% stake in Fujitsu Client Computing Limited . DBJ would acquire a 5% stake. In September 2018, Lenovo and NetApp announced about strategic partnership and joint venture in China. As part of strategic partnership Lenovo started two new lines of storage systems: DM-Series and DE-Series. Both storage systems using Lenovo hardware and NetApp software: DM-Series using ONTAP OS and DE-Series SANtricity OS. In 2018, Lenovo became

726-547: A new logo at Lenovo Tech World in Beijing, with the slogan "Innovation Never Stands Still" ( Chinese : 创新无止境 ). Lenovo's new logo, created by Saatchi, can be changed by its advertising agencies and sales partners, within restrictions, to fit the context. It has a lounging "e" and is surrounded by a box that can be changed to use a relevant scene, solid color, or photograph. Lenovo's Chief Marketing Officer David Roman said, "When we first started looking at it, it wasn't about just

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792-435: A team of engineers led by Liu Chuanzhi and Danny Lui . Initially specializing in televisions , the company migrated towards manufacturing and marketing computers. Liu Chuanzhi and his group of ten experienced engineers , teaming up with Danny Lui , officially founded Lenovo in Beijing on November 1, 1984, with 200,000 yuan . The Chinese government approved Lenovo's incorporation on the same day. Jia Xufu (贾续福), one of

858-435: A variety of manufacturers ( Dell , HP , ASUS , Acer , Lenovo , Wistron , Inventec , Supermicro , Compal Electronics , Quanta Computer , Foxconn , Pegatron , Jabil , Flex , etc.). These OEMs commonly use a procedure known as System Locked Pre-installation , which pre-activates Windows on PCs that are to be sold via mass distribution. These OEMs also commonly bundle software that is not installed on stock Windows on

924-613: Is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics , personal computers , software, business solutions, and related services. Its global headquarters are in Beijing , and Morrisville, North Carolina , United States; it has research centers at these locations, elsewhere in China, in Stuttgart, Germany , and in Yamato, Japan . Lenovo originated as an offshot of

990-548: Is a manufacturer of personal computers, smartphones, televisions, and wearable devices. Some of the company's earliest products included the KT8920 mainframe computer and a circuit board that allowed IBM-compatible personal computers to process Chinese characters. One of its first computers was the Tianxi ( 天禧 ), released in 1998 in the Chinese market. It became the best selling computer in Chinese history in 2000. Lenovo markets

1056-471: Is a popular example of a company that issues its Windows operating systems for use by OEM computer manufacturers via the bundling of Microsoft Windows . OEM product keys are priced lower than their retail counterparts, especially as they are purchased in bulk quantities, although they use the same software as retail versions of Windows. They are primarily for PC manufacturer OEMs and system builders, and as such are typically sold in volume licensing deals to

1122-506: Is not expected to significantly affect earnings. More specifically, Stoneware was acquired to further Lenovo's efforts to improve and expand its cloud-computing services. For the two years prior to its acquisition, Stoneware partnered with Lenovo to sell its software. During this period Stoneware's sales doubled. Stoneware was founded in 2000. As of September 2012, Stoneware is based in Carmel, Indiana, and has 67 employees. Lenovo re-entered

1188-459: Is noted for having oil and water meters on the dashboard, another example of the unit being ahead of its time. Sales did not live up to expectations, mainly because the tractor unit with its heavy duty construction was too heavy for the 32 ton weight limit in the UK at the time, although it was a popular vehicle with drivers, particularly those who were engaged on long distance continental work. The model

1254-501: Is only the second sale of bonds in Lenovo's history. Financial commentators noted that Lenovo was paying a premium to list the bonds in yuan given relatively low costs for borrowing in US dollars. Lenovo said that its x86 servers will be available to all its channel partners. Lenovo plans to cut prices on x86 products in order to gain market share. This goes in alliance with IBM 's vision of

1320-473: Is tied to the PC motherboard which it is initially installed on, and there is typically no transferring the key between PCs afterward. This is in contrast to retail keys, which may be transferred, provided they are only activated on one PC at a time. A significant hardware change will trigger a reactivation notice, just as with retail. Direct OEMs are officially held liable for things such as installation/recovery media, and as such were commonly provided until

1386-588: The IdeaPad , Yoga , LOQ, and Legion consumer lines of notebooks, and the IdeaCentre , LOQ, Legion, and ThinkCentre lines of desktops. Lenovo is also part of a joint venture with NEC , named Lenovo NEC Holdings, that produces personal computers for the Japanese market. The company also operates Motorola Mobility which produced smartphones. Lenovo was founded in Beijing on 1 November 1984 as Legend by

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1452-792: The Moto X , Moto G , Droid Turbo , and the future Motorola Mobility product roadmap, while Google retained the Advanced Technologies & Projects unit and all but 2,000 of the company's patents. Lenovo received royalty free licenses to all the patents retained by Google. Lenovo received approval from the European Union for its acquisition of Motorola in June 2014. The acquisition was completed on 30 October 2014. Motorola Mobility remained headquartered in Chicago, and continued to use

1518-463: The ThinkPad , IdeaPad , Yoga , Legion and Xiaoxin ( 小新 ; Chinese market only) lines of laptops, as well as the IdeaCentre and ThinkCentre lines of desktops. It expanded significantly in 2005 through its acquisition of IBM 's personal computer business, including its ThinkPad and ThinkCentre lines. As of January 2013, shipments of THINK-branded computers have doubled since Lenovo's takeover of

1584-637: The Hong Kong market in March 2000 and raised about US$ 212 million . It rebranded to the name Lenovo in 2003 and began making acquisitions to expand the company. Lenovo acquired IBM 's personal computer business in 2005, including the ThinkPad laptop and ThinkCentre desktop lines. Lenovo's acquisition of IBM's personal computer division accelerated access to foreign markets while improving Lenovo's branding and technology. Lenovo paid US$ 1.25 billion for IBM's computer business and assumed an additional US$ 500 million of IBM's debt. This acquisition made Lenovo

1650-543: The LePhone. At the same time, LeGarden counted 2,774 individual developers and 542 developer companies as members. On January 27, 2011, Lenovo formed a joint venture to produce personal computers with Japanese electronics firm NEC . The companies said in a statement that they would establish a new company called Lenovo NEC Holdings, to be registered in the Netherlands. NEC received US$ 175 million in Lenovo stock. Lenovo

1716-552: The LenovoEMC brand, and designed products for small and medium-sized businesses that could not afford enterprise-class data storage. Lenovo has since retired all of the LenovoEMC products on their product page advising that the products are no longer available for purchase on lenovo.com. IBM sold its x86-based server lines, including System x and Blade Center , to Lenovo in 2014. Lenovo says it will gain access to more enterprise customers, improve its profit margins, and develop

1782-512: The Motorola brand, but Liu Jun, president of Lenovo's mobile device business, became the head of the company. In April 2014, Lenovo purchased a portfolio of patents from NEC related to mobile technology. These included over 3,800 patent families in countries around the world. The purchase included standards-essential patents for 3G and LTE cellular technologies and other patents related to smartphones and tablets. In May 2015, Lenovo revealed

1848-599: The No. 2 provider of smartphones in the domestic Chinese market in 2012. However, with approximately 100 smartphone brands sold in China, this only equated to a 10.4% market share. In May 2012, Lenovo announced an investment of US$ 793 million in the construction of a mobile phone manufacturing and R&D facility in Wuhan , Hubei . In 2013, Lenovo created a joint venture with EMC named Iomega . The venture took over Iomega's business and rebranded all of Iomega's products under

1914-559: The PC model line that was designed for it. For example, a recovery disc/USB for a Toshiba Satellite P50-B will only work on that model, and not a Satellite S55T. OEMs rely on their ability to drive down the cost of production through economies of scale . Using an OEM also allows the purchasing company to obtain needed components or products without owning and operating a factory. Lenovo Lenovo Group Limited , trading as Lenovo ( / l ə ˈ n oʊ v oʊ / lə- NOH -voh , Chinese : 联想 ; pinyin : Liánxiǎng ),

1980-613: The United States Department of Treasury Committee on Foreign Investment in the United States (CFIUS) was reportedly the last major hurdle for Lenovo, since the United States has the strictest policies. According to Timothy Prickett-Morgan from Enterprise Tech, the deal still awaits "approval of regulators in China, the European Commission , and Canada". After closing, Lenovo said that its goal

2046-459: The ability to build a new corporate culture. At the end of its first two years, Lenovo Group had met many of its original challenges, including integrating two disparate cultures in the newly formed company, maintaining the Think brand image for quality and innovation, and improving supply chain and manufacturing efficiencies. However, Lenovo had failed to meet a key objective of the merger: leveraging

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2112-546: The acquisition would double its share of the German computer market, making it the third-largest vendor by sales (after Acer and Hewlett-Packard ). The deal, which closed in the third quarter of the same year, was claimed by The New York Times as "the first in which a Chinese company acquired a well-known German company." This acquisition will give Lenovo 14% of the German computer market. Gerd Brachmann, chairman of Medion, agreed to sell two-thirds of his 60 per cent stake in

2178-515: The acquisition, Lenovo announced that its subsequent acquisitions would be concentrated in software and services. In September 2012, Lenovo agreed to acquire the United States–based software company Stoneware, in its first software acquisition. The transaction was expected to close by the end of 2012; no financial details have been disclosed. Lenovo said that the company was acquired in order to gain access to new technology and that Stoneware

2244-827: The authority to hire 16 people, 58 were given offers. The new staff included 18 people with graduate degrees, 37 with undergraduate degrees, and three students with no university-level education. Yang Yuanqing , the current chairman and CEO of Lenovo, was among that group. Liu Chuanzhi received government permission to form a subsidiary in Hong Kong and to move there along with five other employees. Liu's father, already in Hong Kong along with Lui, furthered his son's ambitions through mentoring and facilitating loans. Liu moved to Hong Kong in 1988. To save money during this period, Liu and his co-workers walked instead of taking public transportation. To keep up appearances, they rented hotel rooms for meetings. In 1990, Lenovo started to manufacture and market computers using its own brand name. Some of

2310-681: The brand, with profit margins thought to be above 5%. Lenovo aggressively expanded the THINK brand away from traditional laptop computers in favor of tablets and hybrid devices such as the ThinkPad Tablet 2 , ThinkPad Yoga , ThinkPad 8 , ThinkPad Helix , and ThinkPad Twist ; the shift came as a response to the growing popularity of mobile devices, and the release of Windows 8 in October 2012. Lenovo achieved significant success with this high-value strategy and in 2013 controlled more than 40% of

2376-679: The combined strength of the two companies to grow volume and market share. In order to achieve success, Lenovo embraced diversification at multiple levels- business model, culture, and talent. By 2015, Lenovo grew into the world's number 1 PC maker, number 3 smartphone manufacturer and number 3 in the production of tablet computers. In March 2017, Lenovo announced it was partnering with Fort Lauderdale, Florida–based software storage virtualization company DataCore to add DataCore's parallel I/O -processing software to Lenovo's storage devices. The servers were reportedly designed to outperform Storage Area Network (SAN) SAN arrays. In 2017, Lenovo formed

2442-541: The company agreed upon at this meeting was the Chinese Academy of Sciences Computer Technology Research Institute New Technology Development Company. The organizational structure of the company was established in 1985 after the Chinese New Year . It included technology, engineering, administrative, and office departments. The group first attempted to import televisions but failed. It rebuilt itself as

2508-490: The company hit $ 60 billion in annual revenues. On 8 October 2021, Lenovo withdrew its application to list on the Shanghai Stock Exchange just days after it had been accepted by the exchange, citing the possibility of the validity of financial information in its prospectus lapsing as the reason. The price of the company's shares on the Hong Kong Stock Exchange dropped by over 17% following the news, which

2574-438: The company publicly announced its new English name, "Lenovo", with an advertising campaign including huge billboards and primetime television ads. Lenovo spent 18 million RMB on an eight-week television advertising campaign. The billboards showed the Lenovo logo against blue sky with a slogan that read, "Transcendence depends on how you think." By the end of 2003, Lenovo had spent a total of 200 million RMB on rebranding. Lenovo

2640-600: The company rebranded itself to Lenovo, it acquired IBM 's PC business including its ThinkPad line in 2005, after which it rapidly expanded abroad. In 2013, Lenovo became the world's largest personal computer vendor by unit sales for the first time, a position it still holds as of 2024. Products manufactured by the company include desktop computers , laptops , tablet computers , smartphones , workstations , servers , supercomputers , data storage devices, IT management software, and smart televisions . Its best-known brands include its ThinkPad business line of notebooks,

2706-479: The company's early successes included the KT8920 mainframe computer. It also developed a circuit board that allowed IBM-compatible personal computers to process Chinese characters. Lenovo (known at the time as Legend) became publicly traded after a 1994 Hong Kong IPO that raised nearly US$ 30 million at HK$ 1.33 per share. Prior to the IPO, many analysts were optimistic about Lenovo. On its first day of trading,

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2772-415: The company's international resources, such as its global sales channels and operation teams. These three elements have shored up our sales revenue in the past several years." The employees of the division, including those who developed ThinkPad laptops and Think Centre desktops, became employees of Lenovo. Despite Lenovo acquiring the "Think" brand from IBM, IBM still plays a key indirect, background role in

2838-492: The company's stock price hit a high of HK$ 2.07 and closed at HK$ 2.00 suggesting an initial under-valuing of the company. Proceeds from the offering were used to finance sales offices in Europe, North America and Australia, to expand and improve production and research and development, and to increase working capital. By 1996, Lenovo was the market leader in China and began selling its own laptop. By 1998 it held 43 per cent of

2904-485: The company. He will be paid in cash for 80 per cent of the shares and will receive 20 per cent in Lenovo stock. That would give him about one per cent of Lenovo. In September 2012, Lenovo agreed to acquire the Brazil -based electronics company Digibras, which sells products under the brand-name CCE, for a base price of R$ 300 million (US$ 148 million) in a combination of stock and cash. An additional payment of R$ 400 million

2970-621: The conference and both gave speeches on corporate governance. Lenovo sold its smartphone and tablet division in 2008 for US$ 100 million in order to focus on personal computers and then paid US$ 200 million to buy it back in November 2009. As of 2009 , the mobile division ranked third in terms of unit share in China's mobile handset market. Lenovo invested CN¥ 100 million in a fund dedicated to providing seed funding for mobile application development for its LeGarden online app store . As of 2010, LeGarden had more than 1,000 programs available for

3036-429: The design and production of the Think line of products. Today, IBM is responsible for overseeing servicing and repair centers, and is considered an authorized distributor and refurbisher of the Think line of products produced by Lenovo. IBM also acquired an 18.9% share of Lenovo in 2005 as part of Lenovo's purchase of IBM's personal computing division. In the years following the deal, IBM sold their stake in Lenovo, with

3102-466: The domestic computer market share in China, selling approximately one million computers. Lenovo released its Tianxi ( 天禧 ) computer in 1998. Designed to make it easy for inexperienced Chinese consumers to use computers and access the internet, one of its most important features was a button that instantly connected users to the internet and opened the Web browser. It was co-branded with China Telecom and it

3168-527: The founders of Lenovo, indicated that the first meeting in preparation for starting the company was held on October 17 the same year. Eleven people, the entirety of the initial staff, attended. Each of the founders was a member of the Institute of Computing Technology of the Chinese Academy of Sciences (CAS). The 200,000 yuan used as start-up capital was approved by Zeng Maochao (曾茂朝). The name for

3234-515: The future around cloud technologies and their own POWER processor architecture. Lenovo's acquisition of IBM's businesses is arguably one of the greatest case studies on merging massive international enterprises. Though this acquisition in 2005 ultimately resulted in success, the integration of the businesses had a difficult and challenging beginning. Lenovo had employees from different cultures, different backgrounds, and different languages. These differences caused misunderstandings, hampering trust and

3300-406: The images of Windows that will be deployed with their PCs (appropriate hardware drivers , anti-malware and maintenance software, various apps, etc.). Individuals may also purchase OEM "system-builder" licenses for personal use (to include virtual hardware ), or for sale/resale on PCs which they build. Per Microsoft's EULA regarding PC manufacturers and system-builder OEM licenses, the product key

3366-422: The international norm of issuing quarterly reports. Lenovo created an audit committee and a compensation committee with non-management directors. The company started roadshows twice per year to meet institutional investors. Ma organized the first-ever investor relations conference held in mainland China. The conference was held in Beijing in 2002 and televised on China Central Television (CCTV). Liu and Ma co-hosted

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3432-412: The late-2000s. These were phased out in favor of recovery partitions located on the primary storage drive of the PC (and available for order from the manufacturer upon request) for the user to repair or restore their systems to the factory state. This not only cut down on costs, but was also a consequence of the gradual obsolescence and phasing out of optical media from 2010 onward. System builders also have

3498-470: The original equipment, that is, the parts which are then subsequently assembled and installed during the construction of a new vehicle. In contrast, aftermarket parts are those made by companies other than the OEM, which might be installed as replacements or enhancements after the car comes out of the factory. For example, if Ford used Autolite spark plugs , Exide batteries, Bosch fuel injectors , and Ford's own engine blocks and heads when building

3564-411: The smartphone market in 2012 and quickly became the largest vendor of smartphones in mainland China. Entry into the smartphone market was paired with a change of strategy from "the one-size-fits-all" to a diverse portfolio of devices. These changes were driven by the popularity of Apple's iPhone and Lenovo's desire to increase its market share in mainland China. Lenovo surpassed Apple Inc. to become

3630-401: The term is ambiguous, with several other common meanings. It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that produced the original part used in the automobile's assembly, or a value-added reseller . When referring to auto parts, OEM typically refers to the manufacturer of

3696-609: The third-largest computer maker worldwide by volume. Lenovo's purchase of the Think line from IBM also led to the creation of the IBM/Lenovo partnership, which works together in the creation of Think-line of products sold by Lenovo. On the purchase of IBM's personal computer division, Chuanzhi said in 2012: "We benefited in three ways from the IBM acquisition. We got the ThinkPad brand, IBM's more advanced PC manufacturing technology and

3762-632: The world's largest provider for the TOP500 supercomputers . In 2020, Lenovo became a preferred data center innovation provider for DreamWorks Animation starting with Trolls World Tour . On 12 January 2021, Lenovo filed an application to issue Chinese depositary receipts, representing newly issued ordinary shares, and to list them on the Science and Technology Innovation Board of the Shanghai Stock Exchange . In April 2021, Lenovo

3828-535: Was an extremely advanced vehicle for its time offering a high standard of driver comfort and a high power output for its time, courtesy of the well proven 14 litre Cummins engine with typical outputs of 290-350 HP. The engines were originally of the Cummins NTC generation, but were gradually updated to the new "big-cam" (NTE) generation - a process completed by 1979. Also, the Ford Transcontinental

3894-439: Was bundled with one year of Internet service. The Tianxi was released in 1998. It was the result of two years of research and development. It had a pastel-colored, shell-shaped case and a seven-port USB hub under its screen. As of 2000, the Tianxi was the best-selling computer in Chinese history. It sold more than 1,000,000 units in 2000 alone. To fund its continued growth, Lenovo issued a secondary offering of 50 million shares on

3960-570: Was first used to refer to a layout of Chinese typewriters in the 1950s organized into groups of common words and phrases rather than the standard dictionary layout. For the first 20 years of its existence, the company's English name was "Legend". In 2002, Yang Yuanqing decided to abandon the Legend English name to expand beyond the Chinese home market. "Legend" was already in use worldwide by many businesses, making it impossible to register in many jurisdictions outside China. In April 2003,

4026-408: Was its biggest intraday decline in over a decade. "Lenovo" is a portmanteau of "Le-" (from Legend) and "novo", Latin ablative for "new". The Chinese name ( simplified Chinese : 联想 ; traditional Chinese : 聯想 ; pinyin : Liánxiǎng ) means "association" (as in "association of ideas"), "associative thinking", or "connected thinking". It also implies creativity. "Lianxiang"

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4092-484: Was made dependent upon performance benchmarks. Prior to its acquisition of CCE, Lenovo already established a $ 30 million factory in Brazil, but Lenovo's management had felt that they needed a local partner to maximize regional growth. Lenovo cited their desire to take advantage of increased sales due to the 2014 World Cup that would be hosted by Brazil and the 2016 Summer Olympics and CCE's reputation for quality. Following

4158-543: Was reorganized into three divisions: The Intelligent Devices Group for PCs, Smartphones, Smart Collaboration products, Augmented and Virtual Reality solutions and Internet of Things devices, the Infrastructure Solutions Group (formally known as Data Center Group) for smart infrastructure solutions, and the Solutions and Services Group focused on services and industry-specific products. That year,

4224-638: Was to become the world's largest maker of servers. Lenovo also announced plans to start integrating IBM's workforce. The acquisition added about 6,500 new employees to Lenovo. Lenovo said that it has no immediate intent to cut jobs. Lenovo said that positions in research and development and customer-facing roles such as marketing would be "100% protected", but expected "rationalization" of its supply chain and procurement. On 29 January 2014, Google announced it would sell Motorola Mobility to Lenovo for US$ 2.91 billion. As of February 2014, Google owned about 5.94% of Lenovo's stock. The deal included smartphone lines like

4290-499: Was to own a 51% stake in the joint venture, while NEC would have 49%. Lenovo has a five-year option to expand its stake in the joint venture. This joint venture was intended to boost Lenovo's worldwide sales by expanding its presence in Japan, a key market for personal computers. NEC spun off its personal computer business into the joint venture. As of 2010, NEC controlled about 20% of Japan's market for personal computers while Lenovo had

4356-547: Was updated continuously, with much work carried out to lighten the heavy chassis. Today the Transcontinental is a particularly rare vehicle, much in favour with collectors of vintage commercials, although a few do remain in revenue earning service throughout Europe. Original equipment manufacturer An original equipment manufacturer ( OEM ) generally refers to a company that produces parts and equipment that may be marketed by another manufacturer. However,

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