Lenovo Says RIM Bid Among Options to Boost Mobile UnitLenovo Group Ltd. (992) is assessing potential acquisition targets and strategic alliances, including a deal with BlackBerry maker Research In Motion Ltd. (RIMM), as the second-largest producer of personal computers tries to bolster its mobile-device business.
“We are looking at all opportunities -- RIM and many others,” Chief Financial Officer Wong Wai Ming said today in an interview at the World Economic Forum’s annual meeting in Davos, Switzerland. “We’ll have no hesitation if the right opportunity comes along that could benefit us and shareholders.”
I'm always wary of taking quotes used out of context of the full interview on face-value - anyone able to find a transcript of the full interview?
- 01-24-2013, 10:21 AM #4
Lenovo Says RIM Bid Among Options to Boost Mobile Unit
It would probably be a good thing for both companies. Probably not a buyout, but maybe THE official hardware partner?
- CrackBerry Master
01-24-2013, 10:26 AM #9
- 1,002 Posts
The interview with Bloomberg is here:
Jan. 24 (Bloomberg) -- Wong Wai Ming, chief financial officer of Lenovo Group Ltd., discusses the outlook for its mobile business in China, the benefits of a public listing and Dell Inc. He speaks with Francine Lacqua on Bloomberg Television's "Countdown" on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)
Lenovo Sees Mobile Unit in China Turning Profitable: Video - Bloomberg
- 01-24-2013, 10:34 AM #12
Official hardware partner sounds good, Lenovo did keep and maintain the Thinkpad brand once IBM got out of the hardware business. I think if Lenovo got a stake and interest on the software side, some of BlackBerry's existing clients may not be very happy and is surely considered in the strategic review.
- 01-24-2013, 10:52 AM #18
The Canadian government has already said that they wont do anything to prevent a take over of RIM.
RIM sale would not be blocked by Ottawa - Business - CBC News
- 01-24-2013, 11:01 AM #19
I have a personal vendetta against Lenovo. It's a love-hate relationship.
They make nice consumer products, but yet one model line, the ThinkPad laptop, they messed up. They completely ruined the ThinkPad with cheap components and shifted miles (kilometers) away from IBM/ThinkPad's identity. It seems every year since Lenovo took over ThinkPad, the quality of construction and components has declined (cheap TN panels used for screens nowadays as opposed to great quality IPS screens 6 years ago...) and more and more it seems the product line lost its true culture.
I would hate for this to happen to BlackBerry. Not to mention the security issue someone mentioned earlier of a Chinese company utilizing the most secure mobile platform in the world (and the NOC)...
- 01-24-2013, 11:07 AM #21
- 01-24-2013, 11:12 AM #22
How much does RIM actually want to exit the hardware business? I've always thought of this as a last resort if BB10 isn't successful on RIM's hardware. I mean, aren't a lot of current BlackBerry users just that because of the hardware?
- CrackBerry Abuser
01-24-2013, 11:17 AM #23
- 381 Posts
- 01-24-2013, 11:17 AM #24
Again, the Canadian government has already said that they will not prevent a take over a RIM. What makes you think they've changed their mind about it? Does the Canadian government need to post monthly statements about if they would allow or block a RIM take over now? I don't think so. In my opinion their first statement was sufficient.
- CrackBerry User
01-24-2013, 11:17 AM #25
- 76 Posts
Lenovo isn't big enough to take all of RIM. It also completely destroys their reputation for enterprise and governement overnight. Simply not happening.
On the other hand if they wanted just the hardware division that would make a lot more sense. Lenovo obviously has a precedent in buying out the hardware business of IBM in 2005. But that gave them branding, exposure and design concepts. I'm not really sure if buying RIMs hardware division makes sense since they are already established as Lenovo, but perhaps for the IP and design concepts it might make sense at the right price.
However, more recently Lenovo has stated they intend to make purchases in IT services and software. They followed that up by buying two software companies. I'm not sure they would be looking at the hardware business, but you never know.
One thing is for sure. If they are looking at the software side it isn't happening. Perhaps a JV with RIM has been discussed but I'm not sure what would be in it for Lenovo except for exclusivity and typically you wouldn't make that decision on a platform that hasn't even been launched yet unless RIM was the one offering cash a la Microsoft to Nokia.
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