Is China's Lenovo Bidding For BlackBerry To Destroy It?
So why is Lenovo attempting an almost-impossible bid? The only conclusion that makes sense is that the Chinese government wants an excuse to go through BlackBerry’s books so that it can learn as much about the company as it did about Nortel. And undoubtedly for the same reason.
So expect Chinese companies—Lenovo and perhaps Huawei and ZTE—to underbid BlackBerry time and time again after Lenovo rummages through its books.
We already know the future of BlackBerry after the Chinese descend on Waterloo—it will be the same as Nortel’s.
For almost a decade, the Chinese hacked Nortel,
gaining access to nearly everything on its internal networks. As John Tkacik, a retired chief of China intelligence analysis at the State Department, told Forbes at the end of last week, “Not surprisingly, throughout the 2000s, as Nortel’s networks were wholly accessible to Chinese hackers, the Canadian company found itself underbid by the Chinese in the Chinese market and by Chinese competitors in its traditional global markets.” As a result, Nortel declared bankruptcy in 2009. The company was then split up and the parts sold off.