LENOVO NEEDS ITS MOBILE HANDSET COMPANY BACK [LENOVO TO REACCQUIRE ITS MOBILE PHONE DIVISION BACK FROM INVESTORS]
Lenovo was hit firm by the monetary recession, and in the face of slumming PC sales universal, it sold off its mobile handset twig to a few Hong Kong investors. However, after its PCs are selling superior and the Chinese corporation needs to reacquire it’s cell phone partition.
Lenovo’s sales were twice last sector, as they reported a profit of $53 million. Lenovo’s freshly notebook contributions have thrilled the tech community, and with their PC divison doing fine, the mothership has made an offer in $200 million (both in cash and Lenovo stock) to reacquire its cell phone partition, which it pitched overboard last year for $100 million.
“The Directors now consider that it is appropriate to move aggressively to capture the opportunity in the mobile internet business,” Lenovo believed in a declaration. Lenovo is no outsider to the well-liked mobile OS Android, which is coming on one of its upcoming smartbooks.
While, Lenovo Mobile creates high-end notebooks, it’s cell phone offerings have mostly been basic phones thus far. Lenovo handsets are the third most well-liked in China, and the first most well-liked brand in China. With Lenovo’s converted triumph in the PC souk, and it’s smartbook that will feature Android, one has to marvel if a Lenovo Droid is coming soon.
