In October, Lenovo completed its acquisition of Motorola Mobility from Google and has now said that it believes it can return the business to profitability within 18 months.
No official announcement has been made but reports suggest that Lenovo can only achieve this by reducing Motorola’s workforce. Around 3,500 Motorola employees have transferred to Lenovo following the deal. Lenovo’s president and CEO, Yang Yuanqing, has said that he plans to introduce more lower priced Motorola products, targeted at China.
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There are also rumours that Lenovo may be looking at buying Blackberry. However, the company is already absorbing Motorola and IBM’s server division, so it may be a challenge to absorb Blackberry at the same time. Samsung is also said to be considering a move for Blackberry, which might make more sense. Samsung does want to move more to B2B businesses, so an acquisition would make sense, if the company was confident it could exploit the move properly. (BR)