Saturday, November 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon's Workforce Is Mainly Male, White
HP Smartwatch Looks Classic, Coming Next Week
North Korea Blocks Foreigners' Access To Facebook, Twitter
Pirate Bay Co-founder Sentenced To 42 Months Imprisonment
SEL Showcases 1058ppi And Foldable OLED Displays
New Outlook for Mac Available Now, Office for Mac Coming In 2015
Updated BBM Offers More Privacy, Control and More
Panasonic Raises Profit Outlook
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 Home > News > Mobiles > Lenovo ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 29, 2013
Lenovo Rumored To Take Over NEC's Mobile Phone Business


NEC has been reportedly in talks to sell its mobile phone unit Lenovo Group Ltd , a Reuters' source said on Friday.

"Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided," NEC said in a statement through the Tokyo Stock Exchange on Friday in response to the media reports.

NEC is facing strong competition by Samsung and Apple. The company has reported two years of losses and is shedding assets to bolster profitability.

Last October, NEC cut its mobile phone sales target for the year ending March to 4.3 million from a previous estimate of 5 million units.

Lenovo, which is already NEC's personal computer venture partner, has been also rumored to consider buying Blackberry in the past.

Reuters' sources added that NEC is also in talks with potential domestic buyers.

In related news, Lenovo is considering getting into into the chip design business with a focus on smartphones and tablets, EE Times reported today.

The company plans to expand its IC design team to about 100 engineers by the middle of this year, according to a China-based industry source with direct knowledge of Lenovo?s recruitment of chip designers.

This initiative appears to be driven by the company?s desire to control its own destiny in smartphones and tablets.


Previous
Next
Gibson Guitar to Buy TEAC        All News        Facebook Teases With Android-related Product Announcement
Toshiba to Launch Full-HD, 1.12 Micrometer, CMOS Image Sensor For Mobiles     Mobiles News      Facebook Teases With Android-related Product Announcement

Get RSS feed Easy Print E-Mail this Message

Related News
Motorola Becomes Part Of Lenovo
Lenovo Releases The 13-inch Windows YOGA Tablet 2
Lenovo Reveals Wearable Smartband
Microsoft Releases New Kinect SDK And Adapter Kit
NEC Technology Helps Take Less Stressful Blood Pressure Measurements
Lenovo Inrtoduces YOGA 3 Pro, YOGA Tablet 2, YOGA Tablet 2 Pro
Lenovo Set to Close Acquisition of IBM's x86 Server Business
Lenovo At IFA 2014
Lenovo Unveils New Lenovo Tablet and Gaming PC at IFA
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo
Lenovo Releases The 6-inch QHD Vibe Z2 Pro

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .