Lenovo mergers and Acquisitions Moto First task: no layoffs

NetEase technology News February 13, "Let Moto business, is our first task after the completion of the acquisition." Lenovo Chairman and CEO Yang said at the earnings analysis meeting. January 30, Lenovo announced 2.9 billion U.S. dollars to acquire Google's Moto smartphone business. For this acquisition, the Moto brand and the business relationship of many markets is very attractive, but the latter is a long-term loss will be a greater pressure. Moto is the founder of mobile phones, but at present Moto in the United States, Latin America is a very strong mobile phone brand. In this acquisition, Lenovo won the Moto brand and the overall channel, for this asset, Yang has a new plan. The first is the product, in the Moto brand strong market, Lenovo will maintain Moto products, and follow the channel to introduce Lenovo's brand smartphone, which will also help Lenovo into the U.S. market, the same, Lenovo plans to moto the latest product line into China and other emerging countries market, To get the market share they deserve. Lenovo expects such a plan to increase revenue for the business. Second, in terms of cost, Yang said that Moto current business gross margin of more than 20%, but finally because the cost rate is too high to lead to losses, in this respect, Lenovo company gross margin products in 15%, but also recorded 2%, 3% of the net profit, Lenovo will be the existing model to improve the cost rate of moto. Finally, on the staff team, Yang said first that not to lay off staff was the fundamental plan, because the moto from the initial 30,000 staff to the current 3,000 people in the process, has been a large reduction, and the rest of the people are "baby", the full use of these "treasures" is the company's plan. Yang said the deal is still being actively applied to countries for approval, and the company is also ready to take over the job, to start the first day of the transaction to play a synergistic role. (Wang Jiecong)