Lenovo serious about smartphones; eyes possible RIM partnership
Not long after RIM had let it be
known that they are open to all options in 2013, including selling off
the hardware division, Lenovo has registered its interest in a
partnership, as it looks to strengthen its own standing in the
smartphone market.
Just days
after Research In Motion CEO, Thorsten Heins had made it clear that the
company would consider all options, Lenovo has registered a clear
interest in a possible partnership. This comes at a time when Lenovo is
looking to add a strong smartphone portfolio to go with its computing
devices.
Speaking at the World Economic Forum in Davos, Switzerland, Lenovo Chief Financial Officer Wong Wai Ming told Bloomberg, "We are looking at all opportunities - RIM and many others. We'll have no hesitation if the right opportunity comes along that could benefit us and shareholders."
This news was the latest good news for
RIM, as stocks went up 3% immediately. Incidentally, the same stocks had
seen a 13 month high when the CEO announced they are open to an alliance.
Lenovo is currently on target to become
the largest PC maker in the world. RIM, on its part, is fairly confident
of a successful BlackBerry 10 launch, both for the hardware and on the critical operating system side.
However, any partnership or deal for RIM
would not be very easy, whoever the other party may be. One of the
reasons for that is that Canada considers RIM as a “crown jewel”. After
Heins’ comments earlier this week, Canada's Industry Minister Christian
Paradis told Reuters that Canada may even go to the extent of reviewing a
sale of RIM's handset business if such a deal was proposed.
"Research In Motion has made an
important contribution to information and communications technology in
Canada, a sector that is so important to the Canadian economy. We hope
they continue to do so well into the future," Paradis said in an emailed
response to the Lenovo comments on Thursday.
Alternatively, thanks to its Chinese
roots, Lenovo will face scrutiny from the U.S. government, since the
Department of Defense and other government departments rely heavily on
the BlackBerry service, for possible data security concerns.
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