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Money to Burn. By Scott Kane

Lenovo has money and plenty of it!!  As of March 31 of this year, Lenovo had about $3.5 billion in net cash reserves and $455 million in bank borrowings.  They also recently raised $1.5 billion from a bond offering.  The bond issue went so well that, if they wanted to, they could raise a few hundred million more, if not even bigger than that.

 

 

Lenovo is keeping its eyes open for other companies to purchase that will make sense.  Lenovo is in the process of completing its recent acquisitions of IBM system X server division and Google Inc’s Motorola Mobility handset business. No need to worry about Lenovo’s strong standing in the industry.  They are around to stay for the long term.

 

 

 

Scott Kane

Better Direct LLC

480-921-3858ext 231

*Taken from an article in The Wall Street Journal May 22, 2014*

 

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