Lenovo investor statement fuels NEC smartphone partnership rumors

Written by Digital News on . Posted in News from the Web

Lenovo in rumored talks with NEC over smartphone venture

NEC and Lenovo are already joined at the hip in the PC business, and rumors that the two will soon be smartphone partners as well continue to gather steam. Lenovo confirmed that it's started "preliminary negotiations with a party in connection with a potential joint venture transaction," and while it didn't name names, Japanese media sources and Reuters are claiming that it's NEC. Lenovo's the number twothree smartphone vendor in China but doesn't have much of a presence elsewhere, and NEC, while a leader in Japanese handset sales, is still in a "difficult state," according to the company. Lenovo has the cash it needs and hasn't been shy about plans to expand its mobile business, so a relationship with NEC would make sense, if true -- and could help Lenovo realize those ambitions more quickly.

Filed under: Cellphones, Lenovo

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Source:Reuters

Read more http://www.engadget.com/2013/06/04/lenovo-investor-statement-fuels-nec-smartphone-partnership-rumor/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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