Lenovo Could Take Over RIM

judgecorp writes "China's Lenovo could take over RIM, according to Lenovo chief financial officer Wong Mai Ming, speaking at the World Economic Forum in Davos Switzerland. The Canadian authorities might object, and so might BlackBerry users, after what ultimately happened to the ThinkPad brand under Lenovo's guidance. Canadian Finance Minister Jim Flaherty said, 'It’s something that we would look carefully at. We always look at foreign investment in Canada as a cause for reflection. We have to look at intelligence concerns.'"

Re:Taking over RIM is not making any difference

[Anonymous Coward]

You are incorrect. RIM has positive cash flow, no debt, and significant capital assets and cash. RIM is far from dead and with their new offerings have continued opportunity to grow.

Another thing to consider - RIM is still has the only FIPS compliant smart phone on the market. That means that any government agency that needs to send "secret" data to remote agents will almost certainly use this device set.

Re:This would probably kill all US Federal contrac

[internerdj]

I had a discussion at work with a mapping vendor. They were involved with discussions on mobile device support. From what he had seen, the survival of RIM to this point and beyond was related to the way they play ball with the government in regards to encryption compared to other companies. Apparently, Apple flat out said no.

Re:What happened?

[CohibaVancouver]

The question in my mind is why lenovo would want to acquire RIM at all

"Traditional" computing platform sales continue to flatline (Notebooks / Desktops). Lenovo's attempts at a tablet have, to date, flopped. RIM is currently undervalued and still sells millions of handsets. It's a quick jumpstart into the mobile business for Lenovo.