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Google to Acquire Nest

investor.google.com

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Re: Google to Acquire Nest

#381

Post by almosnow »

larrys wrote: post #156
mbesto wrote: post #89

Earlier quoted context omitted.

Helen of Troy which owns Kaz, which owns Honeywell (one of the largest businesses specific to Nest's thermostat space) has a market cap of $1.7bil - http://finance.yahoo.com/echarts?s=HELE - that's why this sounds crazy. On the flip side, P&G is a $217bil business - so, not that crazy how big the market is and can be. EDIT: As larrys points out, Honeywell is a $70bil biz.

Sounded odd to me so I checked it out. HoT only appears to have the rights to certain Honeywell products and not the thermostats: http://www.kaz.com/kaz/honeywell/ Edit: "Honeywell" that you are referring to has a market cap of almost 70 billion: http://finance.yahoo.com/q?s=hon&ql=1

Definitely brings more sense to the 3.2b price tag.

On top of that, think of what those guys still have under the hood. Google wants to be the everything of your life. Smartphones fill a part of that but smart devices are another big chunk; and Nest was the company that is undoubtely leading a revolution on the field.

This isn't a strategic move to eventually dominate the thermostat market. This is a strategic move to eventually dominate the 'everything you need' market.

Re: Google to Acquire Nest

#383

Post by Florin_Andrei »

joelrunyon wrote: post #256
macspoofing wrote: post #128

Earlier quoted context omitted.

I thought "Good for the Nest gu...HOLY CRAP GOOGLE PAID $3.2 BILLION FOR A THERMOSTAT COMPANY"

Considering they have revenue & a business model - it's more palatable than snapchat getting offered 3B by FB in cash & turning it down.

Anything is more palatable than that spectacular, cosmic-scale, epic failure.

Re: Google to Acquire Nest

#386

Post by w1ntermute »

minimax wrote: post #7

"Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash." Can that be right? $3.2 billion? That's a crazy huge sum.

A lot better than paying $4b for Snapchat.

Re: Google to Acquire Nest

#387

Post by iamjustin »

caprad wrote: post #305
badclient wrote: post #38

Someone at google is thinking of ways to use Google Plus to fuck up Nest.

Has google hired a lot of MBA's recently, because it look an awful lot like they are trying to cross-pollinate their main business lines, to improve vertical integration and uptake.

It sure does. Hopefully they can find a way to optimize the backwards overflow which is sure accompany these changes.

Re: Google to Acquire Nest

#388

Post by maaku »

jsmthrowaway wrote: post #301
Karunamon wrote: post #119

Earlier quoted context omitted.

? Only if you're incapable of telling the difference between commas and periods, I suppose.

You do know that many locales invert the meaning of the comma and period in that scenario, right? Right?

I think it's pretty damn obvious what was meant by $3,200,000,000.00 no matter what locale you are in.

Re: Google to Acquire Nest

#389

Post by akgerber »

nate_meurer wrote: post #157
Fasebook wrote: post #68

Earlier quoted context omitted.

Really? $200 for a predictive thermostat, with a lame excuse to stream energy usage data and proximity data (Nest detects humans) out of your home? Id rather pay $99 to tell health insurance companies how often I exercise, live. You could get the same benefit from a device for $30 of electronics. It's an overpriced gimmick to justify another selling off of your personal data forever in exchange for nothing but some m…

The price makes me choke as well. But I think Nest's real value is as a market distruptor, the evidence being Honeywell's lawsuit and furious attempts to update their own products with comparable features.

Nest isn't disruptive: they don't offer an inferior product for a lower price.

http://www.slate.com/articles/business/moneybox/2013/05/disr...

They have the classic business model of a better product for a higher price. If the thermostat market had consisted entirely of Nest and then Honeywell introduced cheap, crappy thermostats, that'd be disruption.

Re: Google to Acquire Nest

#390

Post by dsl »

gdilla wrote: post #293
nate_meurer wrote: post #157

Earlier quoted context omitted.

The price makes me choke as well. But I think Nest's real value is as a market distruptor, the evidence being Honeywell's lawsuit and furious attempts to update their own products with comparable features.

Everyone who's complaining about how much Nests costs have obviously not graduated from college tastes into the world of interior decorating. There is a huge market for nice looking stuff to go in your house. Not everyone buys Ikea for their whole lives. Maybe they host parties, run in upper middle class social circles, etc. There's $10K kitchen ranges out there, $50 beer mugs. etc. Design can carry premiums in this…

$200 is simply a terrible price fit. The rich buy $10k+ systems, the poor buy $20 units at Home Depot. There is no middle class in america, only credit.
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