Lenovo continues its shopping spree

Posted by: Jennifer Cefai (3 years, 7 months ago)

Lenovo CEO Yang Yuanqing has gone on record to claim that Lenovo's recent purchase of Motorola from Google won't be its last. The CEO said that the company will continue to purchase other businesses to contribute to its overall growth. This comes in light of its purchase of IBM's server business for $2.3 billion, which came as a natural successor to Lenovo's buyout of IBM's personal computer division back in 2005.

If Lenovo can do with Motorola what it did with IBM's ThinkPad brand, then the future looks bright for the Chinese company. Lenovo had managed to revive the declining brand significantly, going as far as beating HP in overall PC sales towards the end of 2013. In a statement, Lenovo stated that it feels it can turn the unprofitable Motorola around in four to six quarters - and in its home turf in China, this seems more than a little likely. 

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