Saturday, February 2, 2008

Lenovo sells off cellphone division

Wait a minute Lenovo sells handset??? Well some of you might have seen the parallel imported Lenovo phones and mobile devices while walking around Low Yat Plaza but if you were hoping for them to be officially brought in well you can stop waiting with this latest development.

Lenovo cellphone group is being sold to a private equity firm Hony Capital (no not Horny Capital you dirty minded fellows) for USD100million. Well that's one less Chinese handset you'll see in the market. Not that it ever reached here in the first place.

pictures and news via engadget .

by Nigel Yap

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