Lenovo Group Ltd - LNVGY STOCK NEWS

Lenovo announces its biggest Cyber Monday Sale starting December 1 at 6 AM ET on Lenovo.com, featuring hourly doorbusters and discounts up to 68% off select products. Key deals include ThinkPad X1 Carbon up to 60% off, ThinkPad laptops up to 65% off, IdeaPad laptops from $625, and gaming laptops up to 34% off. The sale continues on December 2 with additional offers including laptops starting at $200. My Lenovo Rewards members will earn double points (6% back) on PC accessories and electronics purchases from November 29 through December 9.

Lenovo announces its largest-ever Black Friday Sale with discounts up to 64% on select products. From November 25-27, My Lenovo Rewards members get early access to doorbusters and an additional 5% off sitewide. The main sale runs November 28-30, featuring ThinkPad laptops at up to 63% off and Yoga laptops starting at $700. Notable deals include X1 Carbons at over 60% off, Tiny desktops from $949, and gaming laptops starting at $690. The sale extends through December 1 with IdeaPad laptops up to 60% off starting at $200, tablets from $95, and accessories from $4.99. Members can earn 2X rewards (6% back) on accessories and electronics from November 29 to December 9.

Lenovo announces its largest-ever Black Friday Sale with discounts up to 63% on select products. From November 25-27, My Lenovo Rewards members get early access to doorbusters and an additional 5% off sitewide. The main sale runs November 28-30, featuring ThinkPad laptops at up to 63% off, Yoga laptops starting at $700, and significant discounts on gaming laptops, desktops, and accessories starting at $4.99. Key deals include up to 68% off ThinkPads during doorbusters, IdeaPad laptops starting at $150, and tablets from $70. Members can earn 2X rewards (6% back) on PC accessories and electronics from November 29 through December 9.

Lenovo Group reported strong Q2 FY2024/25 results with revenue increasing 24% year-on-year to US$17.9 billion. Net income rose 48% to US$404 million on a non-HKFRS basis. The company's Intelligent Devices Group (IDG) achieved revenue of US$13.5 billion, up 17% year-on-year, while Infrastructure Solutions Group (ISG) revenue grew 65% to US$3.3 billion. Solutions and Services Group (SSG) maintained double-digit growth for the 14th consecutive quarter, reaching US$2.2 billion with a 20% operating margin. The company's AI PC initiative showed success in China, reaching double-digit share of notebook shipments.

Lenovo and Cisco unveiled new collaborative solutions at Cisco Partner Summit 2024, expanding their strategic partnership announced in May. The offerings include TruScale Meeting Room as a Service, TruScale WorkSmart, Factory and Rack Integration solutions, ThinkAgile HCI hybrid cloud, and SAP HANA solutions with Cisco networking integration. These solutions aim to simplify IT operations, enhance collaboration, and accelerate enterprise AI adoption.

The partnership integrates Cisco's networking, security, and collaboration devices with Lenovo's infrastructure and services. Key features include fully managed meeting room solutions, personalized hybrid work environments, and pre-integrated computing solutions. The offerings are currently available in select markets including the United States, Brazil, Germany, India, and UAE.

Lenovo has appointed Ashley Gorakhpurwalla as Executive Vice President and President of the Infrastructure Solutions Group, effective November 11th. Gorakhpurwalla, a seasoned industry veteran, previously served as President and General Manager at Dell EMC, where he led a $20 billion business including PowerEdge Server, Hyperconverged Infrastructure, and Extreme Scale Infrastructure units. Under his leadership, Dell EMC's server and storage business achieved global market leadership. The appointment comes as Lenovo focuses on its hybrid-AI strategy and infrastructure solutions development.

Lenovo (HKSE: LNVGY) has announced five new tailored journeys within its Lenovo 360 Global Partner Framework, designed to serve specific pathways for partners in key industry segments and technology solutions. The new journeys include:

1. Lenovo 360 for Managed Service Providers (MSPs)
2. Lenovo 360 for Global Systems Integrators (GSIs)
3. Lenovo 360 for AI
4. Lenovo 360 for Data Management
5. Lenovo 360 for Education

Each journey incorporates five key offerings: Digital Platforms, Training, Incentives, Communities, and Marketing. These pathways aim to streamline partner access to sell across Lenovo's portfolio of devices, infrastructure, services, and solutions. The company is also introducing new tools and features for Lenovo 360, including a personalized newsletter system, a comprehensive content creation platform, and expanded 'learn and earn' opportunities for managed tier partners.

Lenovo, in collaboration with Innovations in Dementia, has launched Alzheimer's Intelligence, a photorealistic 3D avatar with custom AI based on the experiences of people with dementia and Alzheimer's. This proof-of-concept project offers 24-hour access to a conversational avatar providing curated advice with accuracy, privacy, and compassion.

The avatar, named 'Liv', was created using AI technology and Lenovo's comprehensive portfolio of solutions. It aggregates firsthand experiences and advice from hundreds of people living with dementia into a responsive, photoreal 3D avatar capable of natural conversation. The project aims to support the estimated 55 million people globally living with dementia, a number expected to reach 139 million by 2050.

Alzheimer's Intelligence prioritizes accessibility and natural interaction, allowing newly diagnosed individuals to ask questions that only someone with lived experience can answer. The avatar is currently being trialed in a controlled environment with the goal of future public availability.

Lenovo unveiled the ThinkSystem N1380 Neptune, a 6th generation vertical liquid cooling breakthrough, at its annual Tech World event. This innovation enables organizations to build and run accelerated computing for generative AI while reducing data center power consumption by up to 40%. Lenovo also announced the ThinkSystem SC777 V4 Neptune, which leverages the N1380 to bring NVIDIA Blackwell and GB200 to the enterprise market.

The N1380 Neptune allows 100KW+ server racks to run without specialized air conditioning, reshaping data center design. It delivers 100% liquid cooling, eliminating power-consuming fans. The SC777 V4 Neptune supports NVIDIA's next-generation networking platforms and AI Enterprise software, enabling trillion-parameter AI models in a compact design.

Lenovo's Neptune technology has led in liquid cooling for over a decade, with more than 40 patents. The company also offers AI support through its TruScale GPUaaS and Power and Cooling Services.