Lenovo investor statement fuels NEC smartphone partnership rumors:
NEC and Lenovo are already
joined at the hip in the PC business, and rumors that the two will soon be smartphone partners as well
continue to gather steam. Lenovo confirmed that it's started "preliminary negotiations with a party in connection with a potential joint venture transaction," and while it didn't name names, Japanese media sources and
Reuters are claiming that it's NEC. Lenovo's the number
two three smartphone vendor in China but doesn't have much of a presence elsewhere, and NEC, while a
leader in Japanese handset sales, is
still in a "difficult state," according to the company. Lenovo
has the cash it needs and
hasn't been shy about plans to expand its mobile business, so a relationship with NEC would make sense, if true -- and could help Lenovo realize those ambitions more
quickly.
Filed under:
Cellphones,
Lenovo
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Source: Reuters
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