An Interest In:
Web News this Week
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
Lenovo investor statement fuels NEC smartphone partnership rumors
NEC and Lenovo are already joined at the hip in the PC business, and rumors that the two will soon be smartphone partners continue to gather steam, too. Lenovo confirmed that it's started "preliminary negotiations with a party in connection with a potential joint venture transaction," and while it didn't name names, Japanese media sources and Reuters are claiming that it's NEC. Lenovo's the number two three smartphone vendor in China but doesn't have much of a presence elsewhere, and NEC, while a leader in Japanese handset sales, is still in a "difficult state," according to the company. Lenovo has the cash it needs and hasn't been shy about plans to expand its mobile business, so a relationship with NEC would make sense, if true -- and could help Lenovo realize those ambitions more quickly.
Filed under: Cellphones, Lenovo
Source: Reuters
Original Link: http://www.engadget.com/2013/06/04/lenovo-investor-statement-fuels-nec-smartphone-partnership-rumor/?utm_medium=feed&utm_source=Feed_Classic&utm_campa
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget