Dog. All right, what everyone is talking about, a big deal. Google is selling its motorola handset business less than two years after buying it. They agreed to sell it for lenovo for just under 3 billion. Remember, google bought them for 12. 4 billion. Hold on a second. 2. 9s now selling for billion dollars. That sounds like a huge loss. Sold thehas already settop box business but would keep some of the patents, some 2000 patents and the trademark portfolio all going over to lenovo. Ok, there are some numbers over there. Does anybody have an envelope . At of the envelope, this is my personal stationary, and and theyre math, all all sorts of sources for this coming and we have got the 12 number. Take out cash. Take out settop, and there is the value of the patents. Got the taxe losses, carried forward, and here you have got the Cocktail Party in dominoes and all the other expenses, and you come out with actual profit. So what you are saying is that google did not lose money on this. No
Google is selling its motorola handset business less than two years after buying it. They agreed to sell it for lenovo for just under 3 billion. Remember, google bought them for 12. 4 billion. Hold on a second. It is now selling for 2. 9 billion dollars. That sounds like a huge loss. Hubel has already sold the settop box business but would keep some of the patents, some 2000 patents and the trademark portfolio all going over to lenovo. Ok, there are some numbers over there. Does anybody have an envelope . At of the envelope, this is my personal stationary, and there is the math, and theyre all sorts of sources for this coming and we have got the 12 number. Take out cash. Take out settop, and there is the value of the patents. Then you have got the tax losses, carried forward, and here you have got the Cocktail Party in dominoes and all the other expenses, and you come out with actual profit. So what you are saying is that google did not lose money on this. No way. And this is a good de
The board is also considering replacing bill gates as chairman, possibly with John Thompson. He was the former ceo of symantec will stop this is according to people have been briefed on the process and how it has been going. Bloomberg told vision did it catch up with him after the web conference in paris and ask him about the ceo search. The microsoft board is working on the process. Ceo and imr is the actively engaged in running the enterprise group. [inaudible] i said everything im going to say about that topic. We have Jon Erlichman from l. A. He helped to break this story. Will start with you. How close is the board to naming him and how did they come to this decision . Far along intty this process and what a process it has been. This is something that began and we were notified last year in august that steve ulmer would be stepping down within 12 months. We thought there might be a decision by the end of the year and that didnt happen. Have this allo resolved by early 2014. If you
For it all. It is thursday new york city. What would you rather do . Freeze and sit in traffic or open up a facebook account . Wow. I will get back to you on that one. It is time now for the new speed. Top stories from around the world. Consumer spending drove the u. S. Economy in the fourth quarter. The gdp rose at an annual rate of 3. 2 , matching the median forecast. The tumor spending increased by the most in over three years. 70 of the for overall economy. Google shares are rising after y sold mobility unit motorola to lenovo. It held onto most of the patents acquired when it bought the motorola unit back in 2000 well. Meanwhile, investors in hong kong sending the stock down over eight percent for lenovo. , kinder,a world gentler. They will take saturdays off at citibank. They dont have to use their Vacation Time each year. Similar policies and that productivity and keeping bankers from leaving that warm, fuzzy banker feeling. I dont know if i believe it or know what to do about i