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.
Lenovo CEO: ‘We don’t have an effective plan yet’ to fix Motorola
Published Jan 30th, 2014 12:20PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
