Lenovo begins $200M buyback of Lenovo Mobile

Of the many trends in consumer electronics, today's announcement by Lenovo highlights two of the biggest: 1) PC makers are desperate to get in on that handheld smartphone action, and 2) China is the place to do it with its 700 million mobile subscribers. That's why Lenovo is putting up $200 million in cash and stock to reacquire its former mobile business sold to a group of investors last year; a move made possible by Lenovo's recent return to profitability. Although Lenovo says its focus will be on the Chinese market, don't be surprised when you see Lenovo branded handsets headed to downtown stores or your favorite high-street shops -- assuming the deal passes shareholder approval, of course.

[karann9 Posted Nov 27th 2009 7:37AM]

about time... Lenovo has been making waves in the netbook department with its well balanced line up... I am sure the same team can do wonders for the mobile market too....

[NAME Posted Nov 27th 2009 7:37AM]

You want it back?

Through that hole maggots...

and go get me some Chinese take out, Im hungry.

[Adamgs Posted Nov 27th 2009 7:58AM]

Id buy a Lenovo phone, as long as they didnt turn into the next LG or Samsung pumping out phone after indistinguishable phone.

Im thinking something along the lines of a RIM competitor. Excellent hardware, reliable, targeting the business sector.

[z0phi3l Posted Nov 27th 2009 8:12AM]

@Adamgs Soooo

You want them to ignore 3/4 of the Mobile Market? That makes no sense at all, the money is in mass market appeal products, not niche products

[Thomas Ricker Posted Nov 27th 2009 8:44AM]

@z0phi3l Actually, the money (as in profits) is in high-margin smartphones.

[JapanCAT Posted Nov 27th 2009 8:42AM]

送各位一句话：“联想的手机，谁买谁SB！”

[(Unverified) Posted Nov 27th 2009 9:42AM]

@JapanCAT
no zhuangbility plz,or you will get leipility!

[Eternity Posted Nov 27th 2009 10:42AM]

@JapanCAT
That's what she said

[joe23521 Posted Nov 27th 2009 10:18AM]

I totally wouldn't mind some Lenovo Android phones here in the States.

[resource Posted Nov 27th 2009 10:57AM]

Their netbooks are great and I love my Ideapad.

I think they'd make a killer Android phone. 4" and Snapdragon please.

[young wing Posted Nov 27th 2009 11:33AM]

If their phones are as good as my X200s, count me in.

[asifbe4live Posted Nov 27th 2009 12:51PM]

very good stuff. nice time-passer. really enjoyed it. i am now indeed illuminated

[asifbe4live Posted Nov 27th 2009 12:52PM]

VERY CLEVER.

[armada53 Posted Nov 27th 2009 2:57PM]

GIVE ME

[Altairantares Posted Nov 27th 2009 3:33PM]

@cherryboom You've had waaay too much thanksgiving turkey.........

[ips0fakto Posted Nov 27th 2009 3:35PM]

why don't they just establish a new brand name?

[Quikboy Posted Nov 27th 2009 8:55PM]

I'd think they'd going with WinMo 6.5 and maybe 7 if it happens at that time, because of WinMo's potential.