Feeds

Lenovo: 'Us, buy Nokia? Surely you jest'

Flushes flap about Finnish phone firm feast as fiction

Secure remote control for conventional and virtual desktops

Lenovo's EMEA chief Gianfranco Lanci has laughed off suggestions that the Chinese computer giant would buy out flailing phone-maker Nokia, dismissing the idea as a "joke".

When asked about rumours that Lenovo was considering swooping on the troubled phone-makers, whose value has plunged in the past two years, Lanci told Reuters: "This must be a joke. There's nothing ongoing."

Nokia has been haemorrhaging market share, and its last set of financial results show little sign of an end to the decline, though some commenters are more hopeful.

Anyway, recent rumours that the Finnish phone maker might be about to get a Chinese sugar daddy sent Nokia shares on an unusual high, setting a seven-day record not seen since 1991, according to Businessweek.

However, it still doesn't look like Lenovo has enough billions spare to pump into the foundering company.

Shares in Nokia have dropped more than 70 per cent in the past year and a half, but the company is currently valued at about €7.2bn. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.