Lenovo: RIM acquisition comments were “out of context”


Chinese computer manufacturer Lenovo has said suggestions made by its CFO Wong Waiming that it is looking to buy RIM were taken out of context

Lenovo has downplayed suggestions, made by its chief financial officer Wong Waiming last week, that it is interested in buying BlackBerry manufacturer RIM.

Waiming reportedly told the World Economic Forum in Davos that Lenovo and RIM had begun negotiations.

But Lenovo has since told the Chinese media they comments were reported “out of context” and has downplayed their significance.

A statement from the Chinese manufacturer said: “We are aware that Lenovo’s CFO [Wong] Waiming was speaking broadly about merger and acquisition 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 the strategy: Lenovo is very focused on growing its business, both organically and through mergers and acquisitions. When inorganic ideas arise, we explore them to see if there is a strategic fit.”

RIM said of the report: “[RIM CEO] Thorsten Heins has made it very clear that we are focused on the delivery of BlackBerry 10, which we will launch with events around the world on January 30th.

“As he said on our most recent results conference call on December 20th, we continue to examine all available options to “create new opportunities, focusing on areas where we will be more effective partnering rather than going it alone, and ultimately maximizing value for all stakeholders.” We do not have anything new to report on our Strategic Review at this time.”