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
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3/12/2013 3:14:29 PM
"Lenovo itself is an example -- just look at their Facebook pages for customer service issues on current hardware. Such things never used to happen under IBM :)."
Like hell IBM didnt have customer service issues. They had it and plenty. Any and all PC makers have it because people are idiots. As far as quality, it actually got better under Lenovo than it was under IBM (Which was always good). I know, I spent a good part of my career repairing thinkpads for the largest laptop repair company in the world at the time. It was a small company later bought by Solectron, which was then bought by Flextronics. Lenovo shocked everyone when quality didn't go to hell like it was expected. It actually got better. To the best of my knowledge Lenovo is the only company to buy another top name line like that and actually make it better. Usually companies buy other well known brand names like that and cheapen the quality to make a quick buck from the brand name.
3/12/2013 4:34:09 PM
Lenovo made the laptops and PCs for IBM, if you remember the T60 line like I had had both the Lenovo and IBM name on them, once they came out with the T61 generation the IBM name was finally dropped. Lenovo basically just bought the Thinkpad and Thinkcentre names and the associated tech.
3/12/2013 9:38:45 PM
Yes, and they made it better once they owned the name 100% from design to shipment. The T500 got better as did the T510.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
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