PC maker Lenovo wants to grow and their first big acquisition could be Research in Motion, the Canadian company who makes the once popular BlackBerry smartphone.
“We are looking at all opportunities — RIM and many others,” Lenovo CFO Wong Wait Ming told Bloomberg this month at the World Economic Forum in Switzerland.
It’s pretty clear Lenovo wants to buy something, it’s just unclear on what they want to purchase. Right now, they’re sitting on $3.6 billion in cash reserves. That money will be spent to help their bottom line.
It’s tough be a PC maker in a world that is quickly being dominated by tablets.
Lenovo is doing something right, at least when you compare the company to its competitors. It posted an 8 percent year-over-year growth for the 2012 fourth quarter, while Hewlett Packard, Dell and Acer posted losses between 0.5 percent and 21 percent.
So what interest does Lenovo have in a smartphone maker, like RIM? Well for starters, Lenovo sells a pretty popular smartphone in China, along with some branded tablets. While it has shown off a tablet in the US running Android and Windows 8, it has yet to make a real debut in North America.
They might be interested in taking on Samsung and Apple, who hold a majority of the smartphone marketshare.
The BlackBerry maker, on the other hand, simply wants to cut its losses. While it is completely debt-free (likely from lack of innovation and product releases) it has nearly $3 billion in the bank to mess around with, it certainly isn’t afraid to explore these type of acquisition options.
We’ll get a better idea about this when the company releases its (I would like to say much-anticipated) BlackBerry 10, which the company has delayed on several occasions. An announcement related to the device is expected to be made Jan. 30.