Lenovo Group Ltd. Chief Executive Officer Yang Yuanqing took on personal loans to buy company shares in June, Chairman Liu Chuanzhi said in a conference call today. Yang’s investment displayed his confidence in the company and “a long term mentality,” Liu said.
Lenovo Group Ltd., the world’s second-biggest maker of personal computers, said Yahoo! Inc. co- founder Jerry Yang will join the board of directors as an observer amid its expansion into smartphones and tablets.
BlackBerry shares jumped the most in more than a month after Lenovo Group Ltd.’s chief executive officer was quoted in a French financial newspaper as saying his company may eventually consider buying the smartphone maker.
Lenovo Group Ltd.’s smartphone business in China is about to turn its first profit, enabling the company to expand margins even while funding a handset push in emerging markets, Chief Executive Officer Yang Yuanqing said.
Lenovo Group Ltd. Chief Executive Officer Yang Yuanqing is betting he’ll find customers willing to pay $1,699 to roll electronic dice and play digital Monopoly on a touch screen for four. Analysts aren’t yet convinced.
Lenovo Group Ltd., the world’s second-largest personal computer maker, may offer smartphones running Microsoft Corp.’s Windows Phone 8 operating system to expand its range of handsets beyond Google Inc.’s Android.