It is now old news that Lenovo purchased has purchased Motorola from Google for $2.91 billion in cash and stock. There have been many predictions has to how the new company, should the deal be finalized, would proceed in the mobile market. Basically, the company plans to turn Motorola around. Last year, Bloomberg compiled enough data to estimate that Motorola had lost over $1 billion in operating losses, which is obviously a risk for Lenovo to absorb, even with their recent 29% surge in profit. What they plan to do is to reintroduce the Motorola smartphone brand to the Chinese markets, which they believe will more than compensate for the losses the company has endured in the past. Lenovo's Chief Executive Officer Yang Yuanqing stated in a phone interview that "We will relaunch and reintroduce the Motorola brand back to China and other emerging markets. We will compete in the premium market, but this is not enough, we will also compete in the entry-level."