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January 25, 2013 08:39 pm GMT

Dont Get Too Excited Lenovo Probably Cant Buy RIM


The CFO of Chinas Lenovo, the second-biggest personal computer manufacturer in the world, said yesterday that the company was thinking about a possible deal with Canadas Research in Motion. RIM-bulls rejoiced: The companys shares rose around 3%, closing at C$17.80, marking a 52-week high.

The logic is not dissimilar from Lenovos purchase of IBMs ThinkPad laptop business from IBM in 2005. Though the tech titan already dominates Chinas overall mobile phone market, its not particularly renowned for its quality, even in China. Given that Lenovo already has a range of smartphone offerings, the idea, one has to guess, is to upgrade Lenovos smartphone brand and buy a mass…
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More About: acquisition, blackberry, lenovo, RIM


Original Link: http://feeds.mashable.com/~r/Mashable/~3/-hNWSBh_Bz4/

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