Saturday, February 06, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Files Patent For A Vein-authentication System On A Smartwatch
BlackBerry Cuts 200 Jobs To Trim Costs
Taiwan Earthquake Temporarily Suspended TSMC's And UMC's Production
Samsung Loses Memory-Chip patent Trial Against Nvidia
Twitter Suspends Accounts To Combat Extremism
Apple Error Message Killing iPhones After Replacing Displays
Mozilla Pulls The Plug On Firefox Smartphone OS
CDs Remain Popular In Japan
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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
Lenovo Reports Profit in Q3 Despite Revenue Slump
Lenovo and Google To Develop Next Project Tango Device
Lenovo Kills The Motorola Brand
Lenovo Says New YOGA 900S Is The World’s Thinnest Convertible Laptop
CES 2016: Lenovo Unveils Modular ThinkPad X1 Tablet, X1 Yoga Laptop With OLED Display
Security Flaws Reported In Support Applications Installed In Lenovo, Toshiba, Dell PCs
Lenovo Unveils the ThinkPad P40 Yoga
Lenovo and Razer Partner to Make Gaming PCs
Lenovo Posts Solid 2nd Quarter FY15-16 Opertional Results
New Lenovo YOGA 700 Convertible Laptop Released
Lenovo Introduces New YOGA 900 And YOGA Home 900 Windows 10 PCs
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .