Feeds

Restless PC biz Lenovo blows $100m to gobble 2,500 mobe tech patents

What else can we do besides laptops and desktops, mulls Chinese goliath

The essential guide to IT transformation

Lenovo has inked a patent deal which looks to expand the company's reach into the mobile computing world.

Wireless intellectual property broker Unwired Planet said it will take $100m in cash from the Chinese electronics giant in exchange for about 2,500 "issued and pending US and foreign patents" covering wireless broadband and mobility technology.

"This investment is an extension of Lenovo's existing intellectual property portfolio," Lenovo general counsel Jay Clemens said in a statement [PDF] released by the two companies.

"It will serve the company well as we grow and develop our worldwide smartphone and mobile PC Plus business in new markets."

According to Unwired Planet, the 2,500 documents are being grouped into a collection of 21 patent families. Among the areas covered in the portfolio are 3G networking, LTE wireless broadband systems and other unspecified mobile technology patents. The deal is expected to close within the next 30 days.

The tech gobble will reinforce Lenovo's handheld business after it obtained Motorola Mobility from Google in a $3bn acquisition deal/asset dump-off last year. The Mountain View advertising firm passed along Motorola's hardware to Lenovo but kept its patent holdings to help stave off current and future litigation surrounding the Android platform.

With a fresh new set of patents in hand, Lenovo (2013: $34bn revenues, $635m net income) will look to continue its march into the smartphone world.

The company became a major player in that arena when it landed Motorola and will operate from a position of strength in the PC market. Additionally, the company's strong presence in China could provide a leg up in one of the world's fastest-growing mobile hardware markets and allow a Lenovo phone business to operate for years before it even enters US and European markets. ®

Boost IT visibility and business value

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Apple to build WORLD'S BIGGEST iStore in Dubai
It's not the size of your shiny-shiny...
Just in case? Unverified 'supersize me' iPhone 6 pics in sneak leak peek
Is bigger necessarily better for the fruity firm's flagship phone?
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?