Eric Schmidt On Why Google Is Buying Motorola

Bloomberg:

Google Inc. (GOOG) Chairman Eric Schmidt said his company's planned $12.5 billion purchase of smartphone maker Motorola Mobility Holdings Inc. was aimed at acquiring products, and not merely patents.

Read the whole story: Bloomberg

Comments

[MyTake]

10:06 PM on 09/03/2011

What a krock of krap this is.

Schmidt scored so much money last year, pulling off that Irish Income Shifting Scam in which Google paid less that 5% Federal Tax in any Nation that they filed a return in, that it was bonuses all around and raises for all Google employee's.

Even after all that, someone forgot to tell this klown that Motorola smart phones have the highest radiation levels of any cell phones in the market place.

And when those Google employee's got their raises, they all went out and bought Iphone's and Ipad's for their family, friends and relatives!

[DRaymond]

06:26 PM on 09/02/2011

Careful there, Mr. Schmidt.  Every time you say something like that Window Phone 7 and Windows 8 looks a little more enticing to Samsung, HTC, and the others.

[garumphul]

01:11 PM on 09/02/2011

There was an interesting piece on Bloomberg where a guy who's the owner of a patent consulting firm claims that Motorola has already sold most of the patents that Google thought it was buying when Motorola spun off its mobile business into Mobility.

Take it for what it's worth, but I strongly suspect that Google have taken a $12B shot in the foot.

http://www.bloomberg.com/video/74556883/