Lenovo CEO & Motorola "love story"

Interesting interview with Yuanqing Yang, especially this:

How did you first get interested in Motorola?

It's a very, very interesting love story. We were interested in Motorola a long time ago, even when they split into two companies, Motorola Mobility and Motorola Solutions (MSI) [in January of 2011 --Ed.].

Right after Google (GOOG) bought Motorola [in 2012 ], I invited [Google executive chairman] Eric Schmidt to have a dinner at my house. I told him, "If you think you want run the hardware business, you can keep the business; but if you are not interested in the hardware business, we definitely can handle that, take over that."

He remembered that, and two months ago, he sent me an e-mail. I called him back, and he asked me, "Are you still interested in Motorola?" I said, "Definitely." We started to discuss it. I went to Silicon Valley many times. [Google CEO] Larry Page invited me to his house to have a dinner. Very quickly -- in just two months -- we closed the deal.

... and ...

Regarding the product portfolio, we don't want to be playing just in the entry level or to be viewed as a cheaper brand. We want to compete in the full range of the product line, including the premium segment. Both Lenovo and Motorola have the DNA of innovation. I believe we can develop a very innovative or very premium product. Meanwhile, we should be more competitive in the entry level given that Lenovo has global scale in our manufacturing capabilities and operational efficiency.

http://tech.fortune.cnn.com/2014/01/30/lenovo-ceo-on-apple-samsung-our-mission-is-to-surpass-them/

Some reasons to be cheerful there, methinks.