Google late Wednesday confirmed that it's selling Motorola Mobility to Chinese PC giant Lenovo for $2.91 billion, or less than a quarter of what it paid for the handset vendor in 2011. Motorola has brought nothing but troubles (and a lot of patents) to Google, with the company steadily losing money and market share. It also has caused headaches for other Android smartphone makers, especially Samsung.
Common wisdom tells you that unless we're talking about brand-new cars, selling something for just one-quarter of what you paid is a bad deal. It's even worse when the numbers are in the billions of dollars. But if we're talking about Motorola Mobility and Google, the "common" wisdom is wrong -- yet again.
In a surprise move Wednesday, Google unloaded Motorola Mobility's handset division and around 2,000 patents to Lenovo for what sounded like a fire sale price of $2.91 billion. Google had shelled out $12.5 billion, or about one-quarter of … Read more
Not that Lenovo was a shrinking violet until now. The company already was the world's biggest personal computer maker after moving ahead of Hewlett-Packard in the third quarter of last year. Not bad for a company which was an agent for imported computer products until it sold its first computer in 1990.
The breakout year came in late … Read more
If there's one thing Google is trying to achieve with Google Glass, it's normality.
It wants you to believe that it's nothing special for someone to walk down the street wearing odd glasses, with a camera attached.
Why, it's even trying to make the glasses look less odd for prescription wearers (with limited success).
Here's a scenario, though. You're walking down the street. In the opposite direction walks a man wearing Google Glass. He is constantly shouting: "Bang! Bang!" … Read more
To Lenovo CEO Yang Yuanqing, Motorola is a "treasure," and will be treated as such.
"It's our treasure," Yang said during a conference call with reporters Wednesday. "We plan to not only protect the Motorola brand, but make it stronger."
Following the announcement that Lenovo would pay Google $2.9 billion to buy the unit, Yang shed some light on where he plans to take the Motorola business -- at least for the foreseeable future, not too far. Yang said Lenovo would operate both brands where appropriate. In China and emerging markets such … Read more
Google is unloading Motorola Mobility onto Chinese PC maker Lenovo.
Google confirmed on its site that it has sold Motorola for $2.91 billion, consisting of $660 million in cash and $750 million in Lenovo shares, with the remaining $1.5 billion paid in the form of a three-year promissory note. Reuters earlier reported on the deal.
Lenovo gets the Motorola brand, as well as its portfolio of devices, including the Moto X and Moto G. In addition, it will also receive more than 2,000 patent assets, while Google will retain control of a majority of the patents it … Read more
The publication said the two companies started forming agreements at the Consumer Electronics Show earlier this month "that would bring Samsung's view of Android in line with Google's own." That means Samsung will consider changing or getting rid of its new Magazine UX interface that sits on top of Android, as well as highlight Google's apps for movies, music, and other services, instead of pushing its own, Recode said.
Samsung said in a … Read more
A decade ago, we used to hear a lot more about Google's informal motto: "Don't be evil." It doesn't come up as much anymore, but those three words still lead off Google's corporate code of conduct. And given some of the company's recent acquisitions that are heavy on robotics and artificial intelligence companies, that's probably a good thing.
But still, with an Internet giant also buying up the know-how to make killer robots, it's not too hard to imagine something like the classic science-fiction conceits of SkyNet turning on its creators taking root at the Googleplex in Mountain View, Calif. "Don't be evil" is a great startup motto, but what's the old truism about power corrupting? Sometimes, it seems like Google is heading toward absolute power in some areas.… Read more
Microsoft Office might soon lose its position as the go-to platform for the UK government.
Speaking at an event on Wednesday centered on online services, the UK's Cabinet Office Minister Francis Maude said that the 200 million British pounds the government spent on Office since 2010 could be cut substantially if it moves to the open document format employed by services like Google Docs.
"I want to see a greater range of software used, so civil servants have access to the information they need and can get their work done without having to buy a particular brand of … Read more
Google has improved concessions in an effort to end an antitrust investigation brought on by the European Union's competition watchdog, according to a new report.
Google recently submitted new concessions to EU Competition Commissioner Joaquin Almunia that have been deemed "much better," Reuters reported on Wednesday, citing people familiar with the matter. Though certain aspects of the deal are still being worked out, an agreement could be announced as early as this week. By making an agreement with the EU, Google could escape an antitrust fine of up to $5 billion.
The EU has been placing demands … Read more