Feeds

Sony denies Vaio-to-Lenovo rumour

By issuing a denial on a Saturday, did Sony protest too much?

Top 5 reasons to deploy VMware with Tegile

Another week, another major acquisition by Lenovo?

Not so, says Sony, which has taken the unusual move of hosing down reports like this Reuters effort suggesting it's been chatting with Lenovo about taking on its loss-making PC business outside of Japan.

Sony's response is blunt:

“A press report on February 1, 2014 stated that Sony Corporation ("Sony") is discussing with Lenovo Group ("Lenovo") the possible establishment of a joint venture for the PC business. As Sony has announced previously, Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate.”

End of story, no?

Maybe not.

In you your correspondent's experience, denials of this vehemence are rather unusual. Denials of this vehemence issued on a Saturday rarer still, even for a Japanese company whose stock could be trading in the USA on Friday during Japan's weekend.

Stock market rules and associated legislation around the world consider misleading traders a dire offence. Might issuing a denial of this sort therefore be a legal necessity for Sony because it is in discussions with another party about the Vaio business?

Let's also consider the term “PC business alliance”. Sony could be sneaking through a wee loophole there if it is contemplating some other kind of transaction with Lenovo.

What we can say with certainty is that Sony staggers from one unpleasant-looking quarterly balance sheet to another, usually thanks to lower-than-hoped-for sales of consumer electronics. With the PC market shrinking for all players, leaving the PC industry is probably not the worst thing that could befall Sony at this juncture.

Steering clear of declining PC business while it beds down its recent purchases of IBM's x86 servers and Motorola's handsets also looks a good idea for Lenovo, especially as its announcement last week of the first convertible Chromebook shows it needs little help on the PC innovation front. ®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.