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Lenovo is retiring from the mobile phone and Windows Mobile business.
The Chinese PC maker has finally announced that they are selling their loss-making handset and mobile phone business. They will be receiving $100 million to a private equity firm controlled by its parent Legend Holdings.
Lenovo Mobile is not exactly the well known company for its Windows Mobile PDA/Smartphones since they are not really focusing else where but the mainland China. The company made - 134 million Yuan in the 2007.
In case you were wondering. Lenovo is the one who bought IBM's ThinkPad business back in the 2004.
Lenovo is retiring from the mobile phone and Windows Mobile business.
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