The companies haven't been able to come to terms due to issues with ownership and patents. July 17, 2013 8:19 AM PDT NEC's dual-screen smartphone. (Credit: CNET News Asia) Lenovo's plan to double down on the mobile space might have been scuttled before it even got off the ground. The company has been rumored to be working with Japan-based NEC to acquire or at least partner with the firm's mobile division. However, a new report from the Nikkei on Wednesday suggests the talks between the companies have broken down. Related stories Debate sparked about benchmark for Intel, ARM chips PC slump shows no sign of slowing, Gartner says Lenovo reveals Haswell-powered 14-inch ThinkPad Lenovo and NEC have been unable to come to terms on ownership of both the company and patents, according to the Nikkei, citing people who are familiar with the talks. NEC is now reportedly considering other partnership options, but a deal between the companies could still be struck. Wednesday's report comes a few months after another surfaced earlier this year, suggesting NEC would sell its ailing mobile phone business to Lenovo. NEC has been unable to gain traction in the mobile space, and has been hit with losses over the last two years. Lenovo, meanwhile, wants to improve its standing in the mobile market. Making a deal with NEC would have allowed for that. (Via Reuters)
The companies haven't been able to come to terms due to issues with ownership and patents.
NEC's dual-screen smartphone.
(Credit: CNET News Asia)
Lenovo's plan to double down on the mobile space might have been scuttled before it even got off the ground.
The company has been rumored to be working with Japan-based NEC to acquire or at least partner with the firm's mobile division. However, a new report from the Nikkei on Wednesday suggests the talks between the companies have broken down.
Related stories
- Debate sparked about benchmark for Intel, ARM chips
- PC slump shows no sign of slowing, Gartner says
- Lenovo reveals Haswell-powered 14-inch ThinkPad
Lenovo and NEC have been unable to come to terms on ownership of both the company and patents, according to the Nikkei, citing people who are familiar with the talks. NEC is now reportedly considering other partnership options, but a deal between the companies could still be struck.
Wednesday's report comes a few months after another surfaced earlier this year, suggesting NEC would sell its ailing mobile phone business to Lenovo. NEC has been unable to gain traction in the mobile space, and has been hit with losses over the last two years. Lenovo, meanwhile, wants to improve its standing in the mobile market. Making a deal with NEC would have allowed for that.
(Via Reuters)
