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BlackBerry Limited Message Board

  • maveric_trader1 maveric_trader1 Jan 24, 2013 9:31 PM Flag

    Research In Motion Could be the Next IBM

    Research In Motion Could be the Next IBM

    By Benzinga, January 24, 2013, 03:33:56 PM EDT
    Vote up

    Eight years ago, IBM (NYSE: IBM ) sold its personal computer business to Lenovo. In the years since, Lenovo has become the world's second-largest PC manufacturer behind Hewlett-Packard (NYSE: HPQ ). For a brief time, Lenovo actually took the lead. Now Lenovo hopes to imitate that success with its smartphone initiative. The company already produces a number of smartphones for Chinese consumers, but the firm has its eyes on the global market.

    Now Lenovo has shared its intent to acquire BlackBerry maker Research In Motion (NASDAQ: RIMM ) -- if and when the right deal comes along.

    "We are looking at all opportunities -- RIM and many others," Wong Wai Ming, CFO of Lenovo, told Bloomberg . "We'll have no hesitation if the right opportunity comes along that could benefit us and shareholders."

    Nick Manning, a spokesman for Research In Motion, told the publication that his firm has "no update on our strategic review at this time."

    Sentiment: Buy

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