Lenovo CEO claims that they can turn around Motorola's business in few quarters

Motorola has been operating loss since past few years. Previous Motorola company holder, Google, lost $2.4 billion while funding it in less than 2 years. Motorola's mobile unit was recently sold to Lenovo for $2.91 billion.CEO of the Chinese tech company, Yang Yuanqing, on the acquisition of Motorola said that they didn't had an effective plan for the
company (Motorola) yet but they will change Motorola's fortune in the upcoming quarters. Lenovo previously bought IBM and did change its fortune into profit. Now its Motorola's turn.
In an interview with the Wall Street Journal, Yang Yuanqing shared some of their plans for the future regarding to this acquisition. He said that they had analized and identified all those areas where price can be cut down. And with the combined scale of Lenovo and Motorola, they can significantly reduce the cost of supply chain and material procurement. He also said that the acquisition of the company could affect their performance for a short time but Motorola's brand recognition and its strong relation with the carriers will surely be of help in the future. Lenovo's CFO (Chief Financial Officer), Wong Waiming, stated that even after buying Motorola they still have about $2 billion in hand and would receive cash from their operations. And the total amount would be enough to finance Lenovo to continue their growth.

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