Saturday, November 28, 2009

Recovering From Bad Decisions

Lenovo is going to buy back the mobile phone business that it sold last year to a group of Hong Kong investors. Their reason for such a quick 180° change in business plans? The article quotes a statement from the company's CEO indicating that "the switch in strategy stemmed from 'changed market conditions' in which PC and mobile-phone technologies are converging."

Thanks for the hot tip, boys.

Either Lenovo's PR folks need to learn to lie better (that's assuming they're simply unable to issue honest statements along the lines of "we fucked up last year") or the company is more blind to technology trends than my long dead grandmother.

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