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Google Selling Motorola Mobility to Lenovo for $2.91 Billion
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Agreed and... Lenovo rolls the dice twice on US national security clearance for Motorola and IBM deals http://qz.com/172315/lenovo-rolls-t...ecurity-clearance-for-motorola-and-ibm-deals/
Man did clearly say up until recently he bought only Motorola phones! How do you know he buys Apple phones. Becides, Apple is an American company. I would imagine it pays taxes to US for the buzines inside US borders and if am not wrong have around 47.000 Americans working for it.
+1.
I sold all my Nest devices on ebay. I don't want google spying on me in MY house.
I actually see why they are doing it.
Apple does well yet again and people think woah this has to be the peak of Apple's share price so they mass sell. And slowly buy back when they realise it's not the peak of Apple's price.
Google on the other hand does badly and writes off $9B and people buy cause they think Google's bad decisions won't last forever, the company has to improve and will have better share prices later on so buying now has to be a bargain.
They all forget one thing. The smart people realise the stock market is for long term investing. One bad product or one good quarterly report does not change too much in the long term of years and years. Judging by their reactions you'd think they were day traders. And yes I think day trading is a very bad thing to do. To much risk involved.
Google Kept the Advanced Technologies Group
On the good side of things, Google is keeping the Motorola Advanced Technology and Projects Group, which is headed by a former DARPA director.
Among projects such as electronic tatoos to replace passwords, and diagnostic pills that run on stomach acid, they've also been working on...
Project Ara, which would allow smartphone users to customize their own modules in an endoskeleton, and even rearrange or change them when they feel like it.
On the good side of things, Google is keeping the Motorola Advanced Technology and Projects Group, which is headed by a former DARPA director.
Among projects such as electronic tatoos to replace passwords, and diagnostic pills that run on stomach acid, they've also been working on...
Project Ara, which would allow smartphone users to customize their own modules in an endoskeleton, and even rearrange or change them when they feel like it.
I guess I'm living under a rock, I just saw the new story this morning.
You could say that Google really blew it on their due diligence on this acquisition but they're keeping most of the IP, so perhaps that was their intent all along but since they bought at 12.5 billion and selling for 2.9, I'd say they messed up
You could say that Google really blew it on their due diligence on this acquisition but they're keeping most of the IP, so perhaps that was their intent all along but since they bought at 12.5 billion and selling for 2.9, I'd say they messed up
I've seen some android fanatics trying to spin this as some great master plan from google to keep Samsung under check.
It seems a way invite the Chinese company to attack Apple who are building up their presence their. If that happens its a bonus for Google
Everything that Google does these days is spun as being part of some brilliant master plan. Their stock will be way up today, and then after they report quarterly earnings will be way up again.
They do. So I guess it's a game of chicken that came out as a win for both companies. It's good for Android and it's nice to see two companies working together.
It means, everyone who ever worked at Motorola has wasted their working life to a non-lasting company. Thank God, Chiacago isn't depending on Motorola like Detroit was on the car industry. Otherwise you could start counting tumbleweeds in your ghost-town.
For now the offices and the brand will survive, but they have no future anymore. Hell, Motorola is even better off now that they belong to a real consumer electronics company and no longer to a internet services company for whom products are a sideshow.
What a drama queen you are. Wasted their life? I suppose Motorola and Lenovo are now going to ask back all of the money paid to their employees over those years. Oh, wait, no they aren't.
If working for a corporation is your life, what a pitiful life you lead. I work to be paid so that I can enjoy my non-working life. A company is just a tool, and there are plenty of them out there.
Nice attitude you have there. See, Steve Jobs stated more than once, that he didn't care about the money, but rather wanted to create an enduring company, with a strong corporate culture to survive its founders. He ended up with both, while most of the companies, that where in it only for the money, have disappeared or are disappearing right now.
You can quote me: „In the long run short-term profits are the same as losses.“
If they weren't into losing money hand over fist, they wouldn't be in the Android business
Apple just posted fourth highest profit for any company in the history of ever. The stock goes down???
This just goes to prove that our country is DOOMED. Wall Street and government are filled with idiots.
No, this goes to prove that people really do no understand that the stock market reacts on future prospects, not past earnings. Or do you think that AAPL should have skyrocketed if they had announced that they made 20 billion in the past quarter, but due to increasingly tough competition they will likely retreat from the phone business during 2014?
All the HTC one reviews were very positive. And both friends I know who got them, love them. Seems like a great handset.
Still didnt sell well.
Reviews != sales.
I sure did get a laugh out of people hating Google for handing over a business to a foreign company, while supporting a corp that relies so heavily on foreign companies to supply and build its products
I love how one dollar bill refuses to fall out of the window even if you throw it.Oh dear...
Can someone figure in the numbers for Google having destroyed their own nimbus and getting a reputation as the Destroyer of Motorola? Last year Google was supposed to be the second most valuable brand in the world. Valued at $93,3 billion partly because of entering the mobile space with the acquisition of Motorola. I wonder what leaving the mobile space does to the Google brand?
The ZDNet article ends with: However, Google was also supposed to become a hardware player. The jury is out on that one so far.
Now the verdict is in and Google didn't become a hardware player and since they are giving Android away for free, without any license fee, they aren't a software player either. Up until now we could only suspect that, Google will never make a dime in the phone market directly. Now we know it for sure. While Android is winning, Google has pretty much lost everything including control.
I do have a nice attitude, my happiness isn't tied to a corporate entity. Work provides the money I need to put food on the table and to provide for my needs. I enjoy my work, but I sure wouldn't be doing the 8-5 daily grind if I didn't have to.
Feeling that someones life is wasted because the corporation they work for is sold to some other corporation is a really sad outlook. People that tie their happiness to a corporation are the same type that you see flying out a window when things go south.
The way Google is structuring it, think of it less as them buying a company and failing to do anything with it, and more of a talent/patent acquisition. They're getting rid of the manufacturing portion of Motorola, but keeping the people and IP. They might think the 10 billion is worth it, especially when you consider that they probably did make a bit of money off Motorola to offset some of the loss during their short tenure with them.