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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Lenovo Group Limited    0992   HK0992009065

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Lenovo : trade; Unveils Oculus-Ready ThinkCentre M910t

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06/27/2017 | 01:49pm CEST
RESEARCH TRIANGLE PARK - June 27, 2017
- Lenovo (HKSE: 992) (ADR: LNVGY) today announced its latest ThinkCentre M910t tower desktop has received Oculus-Ready certification designed for professional virtual reality (VR) content developers. Lenovo worked closely with Oculus on a thorough process that performs 100-point certification testing to ensure systems performance, stability and full compatibility with the Oculus Rift Software Development Kit. Learning from our fast-growing Legion gaming business, the M910t commercial desktop also includes support for the NVIDIA GTX1080 graphics card, a must for high-end VR development in the booming PC gaming community. With VR hardware and software sales reaching one billion dollars in 2016 and VR devices expected to outsell wearables in 2017, the content creators' role in the future success of VR is critical. Building captivating games, apps and social experiences that offer an immersive and unique visceral experience requires state-of-the-art hardware and software. The ThinkCentre M910t, equipped with the latest Intel 7 generation processors, delivers an industry-first robust solution for mission critical workflows. Whether working on rendering, optimization or positional tracking and acceleration elements, content creators' need a powerful and reliable development platform to create safe next-generation VR experiences. With a 3-year commercial warranty, a reputation for quality and reliability and built-in features for simple deployment and systems management, the M910t offers a business-class Oculus-Ready desktop option for VR developers.
Quotes: 'Lenovo is building on its experience with Oculus-Ready Lenovo Legion gaming desktops to offer a new certified business-class platform,' said Jerry Paradise, executive director, Lenovo Commercial Business Segment. 'The ThinkCentre M910t provides an affordable high-performance system for an expanding VR developer community to create future VR experiences. 'We're excited to work with Lenovo to provide additional solutions to serve the booming VR market,' said Nate Mitchell, head of Rift, Oculus. 'the commercially-focused, Oculus Ready ThinkCentre desktop is a great example of all aspects of this growing industry being served.'
Pricing and Availability: The ThinkCentre M910t is available now at $1829.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a $43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode Yoga brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.

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Lenovo Group Limited published this content on 27 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 June 2017 11:49:06 UTC.

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Financials ($)
Sales 2018 43 849 M
EBIT 2018 727 M
Net income 2018 463 M
Finance 2018 243 M
Yield 2018 4,37%
P/E ratio 2018 14,69
P/E ratio 2019 10,13
EV / Sales 2018 0,16x
EV / Sales 2019 0,16x
Capitalization 7 164 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 0,60 $
Spread / Average Target -6,8%
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NameTitle
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President & Chief Operating Officer
Wai Ming Wong Chief Financial Officer & Executive Vice President
Arthur Hu Chief Information Officer
Yong Rui Chief Technology Officer & Senior Vice President
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