Last week Lenovo CFO, Wong Wai Ming, made comments suggesting his company was looking at the possibility of acquiring RIM to bolster its mobile business. It seems Mr. Wong may have be speaking out of turn. Lenovo has released a statement to The Next Web clearing up the rumor.
Well, so much for that.
In general, we do not comment on M&A rumors or speculation.
We are aware that Lenovo’s CFO [Wong] Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit.
We are aware that Lenovo’s CFO [Wong] Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit.
Well, so much for that.