Google: This Tech Giant Could Surge By 2014
by Stock Croc
This summer brought big news for the tech world: Google (GOOG) finally cleared its last hurdle and closed its $12.5 billion acquisition of Motorola Mobility. This buyout has been in the works since mid-August of last year and represents the largest wireless-equipment deal in over ten years. Motorola Mobility - best known for manufacturing Android-based smartphones like the popular Droid - was spun off from Motorola Solutions (MSI) in January of last year. The company also owns about 17,000 patents, which should be great for Google's defense against lawsuits from competitors like Apple (AAPL) and Microsoft (MSFT). Since Google completed its acquisition of Motorola Mobility in July of this year, it has wasted no time in announcing a 20% layoff of workers. The slimmed-down company will trim its bloated line of phones. How Google handles its other partners, like Samsung (SSNLF), is an open and important question. I expect Google to continue to treat Samsung as a partner instead of a competitor, at least for the near future. read more »
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