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

Security for virtualized datacentres

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. ®

New hybrid storage solutions

More from The Register

next story
Apple iPhone 6: Missing sapphire glass screen FAIL explained
They just cannae do it in time, says analyst
Slap my Imp up: Bullfrog's Dungeon Keeper
Monsters need to earn a living too
Oh noes, fanbois! iPhone 6 Plus shipments 'DELAYED' in the UK
Is EMBIGGENED Apple mobile REALLY that popular?
Apple's big bang: iPhone 6, ANOTHER iPhone 6 Plus and WATCH OUT
Let's >sigh< see what Cupertino has been up to for the past year
The Apple Watch and CROTCH RUBBING. How are they related?
Plus: 'NostrilTime' wristjob vid action
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.