WorldWide Tech & Science. Francisco De Jesùs.
Lenovo just bought the Motorola handset division to Google in $2.91 billion. How this happened:
Right after Google bought Motorola [in 2012 ], I invited [Google executive chairman] Eric Schmidt to have a dinner at my house. I told him, "If you think you want run the hardware business, you can keep the business; but if you are not interested in the hardware business, we definitely can handle that, take over that."
He remembered that, and two months ago, he sent me an e-mail. I called him back, and he asked me, "Are you still interested in Motorola?" I said, "Definitely." We started to discuss it. I went to Silicon Valley many times. [Google CEO] Larry Page invited me to his house to have a dinner. Very quickly -- in just two months -- we closed the deal, says Lenovo CEO Yuanqing Yang in a interview made by tech fortune
Lenovo currently has China and emerging markets. They have the U.S., Latin America, and a little bit of the European market.
We are both ( Motorola and Lenovo) committed to innovation. They have very strong engineering capabilities and very good relationships with carriers. So this combination is perfect. I wish we could sell more than 100 million smartphones together in the year 2015.Definitely both emerging markets and Motorola markets. Even though Motorola has a lot of influence in the U.S. and Latin America, the market share is still limited. So we still have very good opportunity to grow. We want to become a very decent player in these markets.
Asked about if Lenovo will continue manufacturing Motorola smartphones in the USA he said:
We haven't made a final decision. In my understanding, Motorola does customization of phones [in the U.S.]. If that is what the market needs, we will definitely keep that. It is a good model, so we may replicate that in other markets.
Lenovo CEO also said they want to surpass Apple and Samsung in phones sales With Motorola, Lenovo will be the No. 3 smartphone maker worldwide. According to IDC, Lenovo sold 45 million devices for the year and Motorola about 10 million.