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Lenovo & RIM Downplay Rumor of Acquisition Talks

 Snowball falling down

You have to love how rumors grow out of control. Bloomberg took a quote form Lenovo’s CFO Wong Waiming to mean that Lenovo was considering acquiring RIM. That spiraled out of control to the point where Lenovo offered the following quote to The Next Web. Essentially they are saying it was taken out of context which is what I expected:

In general, we do not comment on M&A rumors or speculation.

We are aware that Lenovo’s CFO [Wong] Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit.

RIM responded with a similar quote that:

[RIM CEO] Thorsten Heins has made it very clear that we are focused on the delivery of BlackBerry 10, which we will launch with events around the world on January 30th. As he said on our most recent results conference call on December 20th, we continue to examine all available options to “create new opportunities, focusing on areas where we will be more effective partnering rather than going it alone, and ultimately maximizing value for all stakeholders.” We do not have anything new to report on our Strategic Review at this time.’

In other words it is a possibility but really nothing more than that.

3 total comments on this postSubmit your comment!
  1. Don’t sell RIM! You’ll be worth 5 times the current price by the end of the year!!!!

  2. I take this rumor with a grain of salt. RIM is making all the right moves right now: 1. Embracing their media platform by continously adding music, movies and games to their lineup; 2. Agressively pricing their phones and apps in App World to match up with the competetion; 3. Bringing in all the major developers aboard to bring the most popular apps to BB10 and take advantage of its innovatative features; 4. Providing cross plaform gaming and video app features to communicate with non Blackberry users. 5. Agressively markeing BB10 with a big Superbowl commercial. 6. Coming out with an innovative, effecient and exciting OS that the other competetion can’t match.

  3. I like the way RIM thinks, give it all you’ve got but if plan A fails, keep the doors open for plan B and if that falters, plan C goes into effect.
    What ever it takes, keep on working…

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