Lenovo in Talks to Purchase NEC Mobile Phone Unit
March 29, 2013 10:52 AM
comment(s) - last by
No word on price at this time
NEC's struggling mobile phone unit hasn't produce many wildly popular smartphones and reports now indicate that the Japanese company is in talks to sell the unit to Lenovo. Lenovo, however, might have some competition in the bidding process, as there are reportedly ongoing talks with two Japanese buyers to acquire NEC’s mobile phone unit, which has posted losses for two consecutive years.
"Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided," NEC said in a statement through the Tokyo Stock Exchange on Friday in response to the media reports.
Lenovo has offered no official comments on the report.
reports that in October of 2012 NEC slashed it's mobile phone sales targets to 4.3 million units for the year ending in March of 2013. NEC had previously estimated sales of 5 million units during that timeframe.
This isn’t the first time that
we’ve heard of a mash-up between Lenovo and NEC
. In early 2011, the two companies
formed a joint PC alliance in the Japan
This article is over a month old, voting and posting comments is disabled
3/29/2013 5:41:14 PM
NEC has a mobile phone unit? I don't think I ever heard of them.
very good quality
3/29/2013 5:56:49 PM
I have always wanted a NEC phone, maybe now Lenovo will deliver to my country.
"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook
Lenovo and NEC May Merge Their PC Businesses
January 21, 2011, 9:27 AM
Samsung Hopes to Launch Budget Tizen Device in India by November
September 19, 2014, 5:25 PM
Verizon Wireless Wi-Fi Calling Coming Next Year, Company Sees No Rush to Offer Feature
September 19, 2014, 11:45 AM
Quick Note: Toshiba to Restructure PC Business, Cut 900 Jobs Worldwide
September 18, 2014, 1:40 PM
Samsung Galaxy Note 4 U.S. Pre-orders Start Sept 19, Launches Oct 14
September 18, 2014, 10:15 AM
Amazon Releases New and Refreshed Kindle Fire Tablets, Announces Fire OS 4
September 17, 2014, 10:23 PM
Apple Launches iOS 8 for iPads, iPhones
September 17, 2014, 1:54 PM
Most Popular Articles
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Apple iPhone 6, iPhone 6 Plus Reviews Roll In
September 16, 2014, 9:13 PM
Dell Announces "World's Thinnest" Tablet: The Venue 8 7000 Series
September 11, 2014, 8:51 AM
Samsung Calls Out “Copycat” Apple for 5.5” iPhone 6 Plus in New Ads
September 14, 2014, 11:06 PM
Confirmed: Next Generation of Windows to Be Announced on September 30
September 15, 2014, 4:43 PM
Latest Blog Posts
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information