I am sure I am part of the minority on HN involved in the enterprise market, but I am intrigued by what Lenovo's plans might be for Motorola. With their already established relationships and customer base, Lenovo should have a much easier time selling their hardware than Google did. At the very least, this move might be the final death knell for Blackberry.
Lenovo to buy Google's Motorola handset division
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Re: Lenovo to buy Google's Motorola handset division
#52There are a lot of Chicago real-estate agents that won't sleep well tonight.
The Mobility move to downtown was supposed to happen in a few months. Google signed a 15-year deal on 750,000 square feet (17+ acres) of office space at the Merchandise Mart. Will Leonovo assume that lease?
Re: Lenovo to buy Google's Motorola handset division
#53Huge announcement if true, and if this accounts for the entirety of the Motorola purchase that Google made. That means that in less than two years, Google shredded 85% of the $13bn paid for Motorola. At the time, the high price paid was excused for the patents, because the business itself did not generate nearly enough earnings to justify the price. Now, if it is true that the patents are part of the deal (the articl…
"That means that in less than two years, Google shredded 85% of the $13bn paid for Motorola"
http://www.forbes.com/sites/timworstall/2012/12/22/did-motor...
If this story is true, Google keeps accrued losses (you can't sell losses with a division). Add cash on hand, the sales of the STB business, and it's pretty far from $13 billion. By some accounting Google would still come out ahead.
But I have trouble believing this story. Given recent initiatives at Motorola, the light seemed to be appearing at the end of the tunnel.
As one aside, Lenova purportedly wanted to bid on Blackberry, but was blocked by the Canadian government for national security reasons.
Re: Lenovo to buy Google's Motorola handset division
#54One big experiment by Google to cheaply increase worldwide mobile connectivity and subsequent ad dollars.
So much spin I get dizzy just reading this sentence.
Re: Lenovo to buy Google's Motorola handset division
#553Billion dollars? Wasn't Lenovo going to pay close to 4.5 Billion for RIM in october? Either RIM was overvalued or this is a steal
Re: Lenovo to buy Google's Motorola handset division
#56Earlier quoted context omitted.
A year off and the name is different, but Chromecast has redefined the way I think about 'Smart TVs' and HTPCs. Google's long game still looks good in this area, IMO.
Yeah, Chromecast is pretty amazing. I bought one and everyone in my family who has been over to see it has purchased one as well.
What was their primary reason for getting one?
Re: Lenovo to buy Google's Motorola handset division
#57This makes this tweet[1] from Chris Dixon hilarious:
"Which strategy wins the future: stock buybacks or investing in AI + robots + smart devices?"
I mean it really shouldn't surprise anyone that a VC would be cheerleading expensive acquisitions with no regard for shareholder value or whether it has any hope of making a significant return.
But the real answer to his question is: organic growth. And if you are confident in your ability to create organic growth, then the best way to use large amounts of cash to create shareholder value over the long-term is stock buybacks (assuming you have the cash to fund that organic growth and your shares are undervalued, which in Apple's case, both are true).
Re: Lenovo to buy Google's Motorola handset division
#58Lenovo is already making decent phones and in china are quite big. Perhaps they want on US market.
Re: Lenovo to buy Google's Motorola handset division
#59Earlier quoted context omitted.
A year off and the name is different, but Chromecast has redefined the way I think about 'Smart TVs' and HTPCs. Google's long game still looks good in this area, IMO.
Yeah, Chromecast is pretty amazing. I bought one and everyone in my family who has been over to see it has purchased one as well.
What are the advantages of Chromecast over something like Apple TV?
Re: Lenovo to buy Google's Motorola handset division
#60we are forgetting something here at least the TC post did Moto still has Fed/Military contracts as this is why foreign buyers were nto considered the first time around. This might not go through to completion
This is Motorola Mobility though, which only includes the cell phone business and was spun off from Motorola (not called Motorola Solutions) and later sold to Google.