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By Vijaykumar Meti: Subscribe to Vijaykumar's RSS feed | March 12, 2013 10:13 AM GMT
BlackBerry shares rose Monday as the Lenovo's chief executive officer was cited in a French newspaper that the company might consider buying the smartphone maker BlackBerry.
Deal with the Waterloo-based smartphone maker BlackBerry "could possibly make sense, but first I need to analyze the market and understand what exactly the importance of this company is," said Lenovo CEO Yang Yunquing in an interview with the French publication Les Echos.
The comments was similar to Lenovo's chief financial officer, Wang Wai Ming, who reportedly said to Bloomberg earlier this year that the company was "looking at all opportunities," including the struggling BlackBerry.
BlackBerry shares were up 11.7 percent at $14.59 Monday afternoon, while the Toronto-listed shares were up 11.7 percent at CND $14.99.
It is no more a secret that BlackBerry is aiming to regain its lost market share, which is currently dominated by Apple iPhone and Android-running devices especially the Samsung Galaxy lineup.
In a make-or-break situation to regain the lost market share, BlackBerry introduced two new smartphones with newer and improved BB10 operating system earlier this year.
In a different statement, BlackBerry CEO said that sales of BlackBerry Z10 smartphone are encouraging and are higher than their expectation. He also said that the new device is attracting many other smartphone users.
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