It was obvious from day one that Color was going to be acquired for a pretty penny. It's even in their pitch deck:
http://www.slideshare.net/kitseeborg/color-faux-pitch-ddeck
See slide 45: "We're going to flip this bitch like flipper!"
Apple Said to Acquire Color
21–30 of 149 posts
Re: Apple Said to Acquire Color
#22"High double digits" seems like a lot to pay for color.com and @color (although it is a great domain and handle).
Maybe they have some really cool patents that they can use to sue Samsung or Google for $500 million and make the acquisition a net profit.
Re: Apple Said to Acquire Color
#23My HN timeline for today: (morning) "Color to be shutting down" (afternoon) "Color IS NOT shutting down" (evening) "Color is acquired by Apple" wtf just happened.
To answer the question: "wtf just happened." If you have ever seen the TV show "House" [1] its the part where each doctor makes a different diagnosis and Dr. House keeps trying to fit all the pieces together to get to the real issue. Clearly Color is in a state of transition, I know of no company with an absent CEO, and no COO, that are stable. The tech "press" is in a feeding frenzy trying to be the first to 'diagno…
So...color has lupus?
Re: Apple Said to Acquire Color
#24Earlier quoted context omitted.
To answer the question: "wtf just happened." If you have ever seen the TV show "House" [1] its the part where each doctor makes a different diagnosis and Dr. House keeps trying to fit all the pieces together to get to the real issue. Clearly Color is in a state of transition, I know of no company with an absent CEO, and no COO, that are stable. The tech "press" is in a feeding frenzy trying to be the first to 'diagno…
So...color has lupus?
it's never lupus.
Re: Apple Said to Acquire Color
#25Earlier quoted context omitted.
To answer the question: "wtf just happened." If you have ever seen the TV show "House" [1] its the part where each doctor makes a different diagnosis and Dr. House keeps trying to fit all the pieces together to get to the real issue. Clearly Color is in a state of transition, I know of no company with an absent CEO, and no COO, that are stable. The tech "press" is in a feeding frenzy trying to be the first to 'diagno…
So...color has lupus?
It's never lupus.
Re: Apple Said to Acquire Color
#26It's entirely possible that Apple saw, in Color, the ability to acquire some valuable patents, talent, or capabilities at fire sale prices that it would spend a lot more trying to develop in house.
Remember that distressed assets in one company's hands are highly productive assets in a different company's hands. If the company actually has been run into the ground, all the better for Apple, because it can get a steeper discount on the assets it's after.
Re: Apple Said to Acquire Color
#27"High double digits" seems like a lot to pay for color.com and @color (although it is a great domain and handle). Maybe they have some really cool patents that they can use to sue Samsung or Google for $500 million and make the acquisition a net profit.
They do have some patent for HD video, battery, and more. Up to 6 is what I've read.
Re: Apple Said to Acquire Color
#28If you didn't think the patent system was fucked up before, you sure as fuck should know now.
if you don't mind may you please elaborate on the above post in the context of this headline ? thank you !
Here's the real color.com VC pitch, not the fake one they distributed.
=====
"Look, we want a bunch of money from you VCs. A LOT of it. Here's what we've got: Some great patents, and the prospect of some more as we continue R&D. More importantly, these patents are in a strategically critical space where Google, Samsung, Apple, and Microsoft are all vying for supremacy.
"So here's what we're going to do with your money: Either (a) Shake a bunch of people down for big bucks, in which case we'll need your money for legal fees. Only we may not need it, but knowing we can afford to pay lawyers will make the big guys settle. Or (b) Sell the patents.
"Yeah, we anticipated the "We don't fund patent trolls" objection. Here are the bullshit products we plan to roll out. Sure they suck, but they buy us credibility in the valley as an operating entity. Nobody will accuse you of funding a troll.
"And hey, one of these dogs with fleas may actually catch on, you never know. If not, we shoot it and make another, we just call it "pivoting" while we carry on negotiations for patent royalties.
"Whaddya say, how does M$40 sound, plus an extra mil so we can say "The low forties" on the press release?"
Re: Apple Said to Acquire Color
#29When has there ever been a wild (non-obvious) Apple acquisition rumor that was substantiated?
Siri and Chomp both come to mind. So does LaLa.
I'm not sure if these were so wild, since they don't seem to be companies as high-profile or controversial as Color. Siri is somewhat wild insofar most people didn't expect that Apple was working on such a project. I'm talking more about the Apple will buy Twitter/EA/RIM stories.
http://technologizer.com/2011/07/29/a-brief-history-of-apple...
Re: Apple Said to Acquire Color
#30Earlier quoted context omitted.
To answer the question: "wtf just happened." If you have ever seen the TV show "House" [1] its the part where each doctor makes a different diagnosis and Dr. House keeps trying to fit all the pieces together to get to the real issue. Clearly Color is in a state of transition, I know of no company with an absent CEO, and no COO, that are stable. The tech "press" is in a feeding frenzy trying to be the first to 'diagno…
So...color has lupus?
In the upcoming House movie, they find out that every disease is Lupus.