andy kessler writes the inside view column for the wall street journal and he s founder of the silicon valley hedge fund velocity capital. andy, great to see you. thanks for coming in. what do you make of the eu s fine this week and the charges against google? well, the fine itself is irrelevant. you look at the numbers, 830 billion dollars market cap, 100 billion in cash, 13 billion in profits last year. that s not the problem. it is the concept of they are annoyed about 11 apps they installed including maps and search and assistance trying to say that s anticompetitive. but google, android, it is a platform. it is a platform for others to compete on. lyft versus uber and spotify versus pandora. it is a wonderful competitive environment and they compete against apple. bureaucrats are bureaucrats so they had to do something. paul: they say look, when they go to a handset maker and they say if you want to use android, you have to put these our apps, google maps, youtube,
operating system. andy kessler writes the inside view column for the wall street journal and he s founder of the silicon valley hedge fund velocity capital. andy, great to see you. thanks for coming in. what do you make of the eu s fine this week and the charges against google? well, the fine itself is irrelevant. you look at the numbers, 830 billion dollars market cap, 100 billion in cash, 13 billion in profits last year. that s not the problem. it is the concept of they are annoyed about 11 apps they installed including maps and search and assistance trying to say that s anticompetitive. but google, android, it is a platform. it is a platform for others to compete on. lyft versus uber and spotify versus pandora. it is a wonderful competitive environment and they compete against apple. bureaucrats are bureaucrats so they had to do something. paul: they say look, when they go to a handset maker and they say if you want to use android, you have to put these our apps, google maps,
agent will plead guilty to charges he leaked classified information to the a.p. about a terrorist bomb plot in yemen. investigators secretly got telephone records of reporters. also national security documents on his computer. he ll spend 12 years in prison. joe ? wow. from the parade of papers, the boston globe. blackberry announced its largest shareholder will buy the handset maker for $4.7 billion. the news is long in the making after blackberry reported a billion dollar loss and laid off more than 4,000 employees. shareholders will be getting $9 in cash for each share. the washington post, the irs official at the center of the tea party controversy has resigned. lois lerner refused to testify to congress about the agency s screening of tea party groups during the 2010 and 2012 elections. her retirement comes as the review board was determining if