SHANGHAI -- Lenovo, the world's fourth largest PC maker,will outsource production of its notebook computers to Quanta Computer, according to published reports.
Production will begin in the third quarter, the Economic Daily News said, citing sources
at component manufacturers.
THOUSAND OAKS, CA -- A Teledyne Technologies subsidiary has entered into an agreement to acquire the defense electronics business of Filtronic PLC for approximately $25.7 million.
Teledyne Ltd. will acquire the unit, which had sales of 14.5 million pounds (about $29 million) for its fiscal year ended May 31. The transaction will close before the end of August, subject to various conditions.
STOCKHOLM -- Second quarter cellphone shipments rose 15% year-over-year to 297 million, a new report claims.
Research firm Strategy Analytics forecast third-quarter sales of 321 million units as demand in emerging markets overcome seasonality in Asia and a slowdown in Western Europe and North America.