Google late Wednesday made an unexpected announcement 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 just a couple of years ago. During the years Google owned it, Motorola lost money and market share, and the relationship caused tension between Google and the other Android vendors, particularly Samsung. It also led those other phone makers to develop their own software and services, rather than push those from Google. That amplified Android's fragmentation … Read more
Lenovo's move to buy Motorola Mobility from Google in a deal valued at $2.91 billion is likely to spur an Android ecosystem consolidation wave because smaller players aren't going to have the scale to compete.
The first casualty in this consolidation wave is likely to be HTC.
For Google, one advantage of selling Motorola to Lenovo for $2.91 billion is that it creates two big dogs in the Android ecosystem: Samsung and Lenovo. Lenovo has the scale to compete with Samsung eventually. Today, Lenovo is working on its supply chain efficiencies as it tackles emerging markets. … Read more
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