If you take into account the cash on hand at purchase, and the money they got from selling divisions and the remainder to Lenovo and some other accounting stuff, I believe they only paid a billion or two? And they still retain the rights to all the patents. So it's really not as bad as it initially looked.Maybe now that Motorola is being sold off, the new owners will be more realistic than Google was, which probably didn't get the kind of return they hoped from that $12 billion -- then they mocked FB for overpaying for WhatsApp.
In at least some countries (such as my own), it is illegal to buy a company using said company's own funds. So the kind of book-keeping you mention sounds suspicious to me at least.Motorola has $3B in cash when they were purchased and $1B in tax credits. That alone brought it down to $8B instead of $12B. Etc. (See link.)
In at least some countries (such as my own), it is illegal to buy a company using said company's own funds. So the kind of book-keeping you mention sounds suspicious to me at least.
I don't know the exact accounting rules, but I've seen first hand that in straight up 100% acquisitions, the assets can freely be mixed.Yeah, well that doesn't actually help you though, as Motorola's money is still motorola's money, unless you're gonna go do a corporate scavenge thing, which incidentally is also illegal - at least over here.
If the rumor of a 4.7" iPhone in September 2014 and a 5.5" iPhone in around Q4 2014 is true, then could it be possible that the 4.7" uses a 28 nm (say dual-core) chip and the 5.5" uses a 20 nm (say quad-core) chip?That would be quite a ramp. For reference, TSMC's share of 28nm revenue for the last quarter of 2013 was 34%, and this is more 2 years into production. In Q3'12, which is about a year after they announced mass production, it was 13%. Besides, for a iphone to ship in Q3, the silicon will have to enter production in at least Q2 right? I suppose that its possible that Apple may be going to 20nm for the next iphone..but like I said..I wouldn't be surprised in the least if they stayed on 28nm.
That seems unlikely; They both will use the same SoC, TSMC has been producing a 20nm SoC since ~Jan.If the rumor of a 4.7" iPhone in September 2014 and a 5.5" iPhone in around Q4 2014 is true, then could it be possible that the 4.7" uses a 28 nm (say dual-core) chip and the 5.5" uses a 20 nm (say quad-core) chip?
You're missing that Motorola may have been sold to Arris and Lenovo without that money in the bank. If that is the case (I don't know if it was), then that pot of money became Google's money and both the selling price and that pot of money can be subtracted from the initial purchase price.If you buy Motorola and they have $X in cash in the bank, and then like Google did, turn around and sell it again, it'll be worth (at least) $X less when you sell it if you've helped yourself to said cash, so are you really gaining anything financially by plundering the company? Doesn't seem that way to me but maybe I'm missing something.
You're missing that Motorola may have been sold to Arris and Lenovo without that money in the bank. If that is the case (I don't know if it was), then that pot of money became Google's money and both the selling price and that pot of money can be subtracted from the initial purchase price.
Forbes.com said:And what of Google’s supposed $10bn loss? It’s a misreported myth calculated by subtracting Motorola’s $2.91bn sale price from its $12.5bn purchase. What it misses are the $3.2bn Motorola had in cash, $2.4bn saved in deferred tax assets and two separate Motorola unit sales totalling $2.5bn in 2013. Factor in Lenovo’s purchase against roughly $2bn of Motorola losses during Google’s ownership and Google has still only paid $3bn for what it retained: $5.5bn worth of Motorola patents and the company’s cutting edge research lab.
Well played Google. Well played.
If true that is one hell of a play (in addition to putting Samsung on a leash).Google has still only paid $3bn for what it retained: $5.5bn worth of Motorola patents and the company’s cutting edge research lab.
So quad-core?Apple has improved CPU performance ~50~100% for years now, they probably will this round as well.