Lenovo Might Not Take Over RIM After All

There was a story that made its rounds late last week that Lenovo is looking in the possibility of purchasing RIM, and it seems that the possibility of that is not happening anytime soon. After all, this bit of information came from the horse’s mouth, as Lenovo has stepped up to the plate and refuted such acquisition rumors. Bloomberg originally quoted Lenovo CFO Wong Wai Ming, “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.”

Well, Lenovo took an official stance today that their CFO did mean to say that Lenovo will remain open to possibilities of acquisitions, and targeting the BlackBerry manufacturer from Canada is not the only option. In other words, they said, “In general, we do not comment on M&A rumours or speculation. We are aware that Lenovo’s CFO Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit. Beyond this we do not have anything else to say.”

Well, there you have it – right from the horse’s mouth.

Edwin Kee
Categories: Cellphones
Tags: Lenovo, RIM