Disqus
We haven’t heard much from Lenovo since their OPhone made the rounds last year, but the company is starting the process of getting back their cell phone brand for $200 million, pending investor approval. Considering the laptop manufacturer originally sold their mobile division almost two years ago for $100 million to refocus on their core business, that’s a pretty steep loss, but good news for the buyer, Hony Capital. The buy-back is a result of “changed market conditions of the past 18 months”, and honestly, pretty good timing considering the growing Android hype in China right now. I’m curious if OPhone development was put on hold after the original acquisition, or if Hony actually cranked out the product to increase the company’s value.
[via BusinessWire]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
