Lenovo CEO Considers Buying BlackBerry
March 12, 2013 9:21 AM
comment(s) - last by
BlackBerry isn't saying a word about it, but it's shares are rising
Lenovo's slip about possibly buying BlackBerry sent the
shares up 14 percent in New York.
CEO Yang Yuanqing told French financial newspaper "Les Echos" that it could eventually buy BlackBerry, but it needs to review such a decision first.
"[The deal] could possibly make sense, but first I need to analyze the market and understand what exactly the importance of this company is," said Yuanqing.
This statement falls in line with what Lenovo CFO Wong Wai Ming said in January, which was that the company was looking at many opportunities -- including BlackBerry.
However, BlackBerry CEO Thorsten Heins hasn't addressed a possible takeover yet.
“As always with these topics, we will talk about things when they are ready to be talked about and ready to be announced,” Heins said in January. “There are other constituents in the process that need to be involved -- if there would be anything.”
BlackBerry shares increased 14 percent to $14.90 at closing in New York after news of Lenovo's interest got out.
BlackBerry, formerly Research in Motion (RIM), has been trying to make a comeback after losing market share to the likes of Apple's iPhone and Android-powered mobile devices. Even
, which traditionally used BlackBerry phones, have started using iOS and Android products.
BlackBerry introduced its latest line of software and devices --
BlackBerry 10 (or BB 10)
-- in January of this year. At that time, it revealed the BlackBerry Z10 and the Q10 phones.
The Z10 finally came to the U.S. today as
AT&T begins its presale
for $199 (with a two-year contract). The phone actually ships March 22.
It remains to be seen whether BB10 will save BlackBerry, but Heins seems optimistic. He was recently quoted saying that Z10 sales in Europe were
This article is over a month old, voting and posting comments is disabled
3/12/2013 10:36:44 AM
"As for HP and WebOS, that's more a tale of drastic mismanagement, lack of vision and complete misunderstanding of WebOS by HP management."
Exactly... WebOS had TONS of potential and it was a greqat buy for HP. Palms issue was a great OS with no money, or talent to match it on the hardware side. HP buying WebOS and then not putting effort into it then closing it a year later is like if the Chicago Bulls drafted Micheal Jordan, then sat him on the bench for a year or two then traded him off. A total pointless waste of talent and potential.
"Young lady, in this house we obey the laws of thermodynamics!" -- Homer Simpson
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