Lenovo CEO: ‘We don’t have an effective plan yet’ to fix Motorola

Lenovo CEO Interview Motorola

Was the Lenovo-Motorola merger a shotgun marriage? It certainly caught many people by surprise when it was announced on Wednesday and now Lenovo CEO Yang Yuanqing tells The Wall Street Journal that his company doesn’t “have an effective plan yet” to return Motorola to profitability. Nonetheless, the executive tells the Journal that his company “can make money” on Motorola because “we definitely have that kind of confidence to turn around the business, and to expand the business.” Lenovo, which was one of the few PC OEMs to actually see its PC sales increase last year, wants to make a big splash in both American and European smartphone markets this year. The company has already had terrific success selling Android handsets in China and the latest numbers from IDC show that it’s become the No. 5 smartphone vendor in the world.

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