Lenovo mobile push could hurt PC side
Lenovo's purchase of the mobile phone arm it sold off last year signals its intention to penetrate the global market, but the move could dilute its core computer business, according to a Shanghai-based analyst.
The Chinese computer maker last week announced it bought back Lenovo Mobile Communication Technology in a deal worth $200 million in cash and Lenovo shares. It had sold the business unit to a group of investors in early 2008.
In a statement, Lenovo said it plans to capitalize on combined synergies from the two companies in product innovation, manufacturing, channels, and retail "to lead … Read more