Lenovo is taking a measured approach to building tablets to ensure they succeed, Read said, adding that the company just does not attach a bunch of applications to it. The company in the past has reworked its tablet hardware and software to bring better devices to customers.

The company last year showed off a tablet with an Arm processor and the Linux OS. The tablet was never released, and for LePad, Lenovo has included the Android OS. The company has also partnered with mobile carriers and content partners in China to include localized gaming, news and other content.

"When we did the first versions of the [tablet], we used a different operating system and a different chipset. That's why we've taken some time to rework it. Android has really picked up and we'll play off the Android application market on a global basis. That's why we need to have the Honeycomb work finished to really take it to the next step."

Read envisions tablets as one of the building blocks that will enable seamless information exchange between devices. In the future, devices like tablets, TVs, cameras and PCs will converge to enable easy exchange of video, pictures and content.

"The game is not the next twelve months. People are all over the tablet and the next device. The game is the next three to five years and that integration across devices," Read said.