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Quorum. Er before you head the minutes of september 9, 2015, any addition or corrections . Seeing none, is there any Public Comment on the minutes of september 9th . May i have a motion . So moved. Second. All those in favor . Aye. Opposed . The motion carries. Item 4, at this point, we ask for Public Comment and i do have a speaker card from mr. Decosta. Commissioners, some years ago, when we had as our chair, Ambassador Richard s cl aw, a man of great wisdom who understood really what needs to be done in our city and county of San Francisco, so i took upon myself at that time to invite the first people into these chambers to talk to some of you all. Maybe one of yall will remember that occasion. After [inaudible] and he was very happy to meet them. About a litt ....
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 a ....
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 d ....
The patents but hardware, some 2,000 patents and trademark portfolio going to lenovo. First new phone to come out of the deal was moto x that came out last year. Has not been a big hit. Multiple price cuts. Meantime lenovo is on major acquisition spree, making this deal just days after buying ibms low server business. The deal does still need to be approved in the u. S. And china. Googles c. E. O. Said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. On a side note, this does not signal a larger shift for our other hardware efforts. C. E. O. And founder of tech economy joins us from new york. And brad is here from us in the studio. Is google trying too hard to be apple . Yes and no. No in that the deal in 2012 primarily happened because of intellectual property. Tons of litigation, threatened litigation in the android world. They wanted the patents. And they wants to quell moto ....
Today. Nineup eight percent percent now. Bill, ime i get my gas have a mini heart attack. It may be major this month. We will get another couple of months of whether corrupted data from companies or the government. We could not sell as many was so cold it outside. In terms of the markets, turnaround tuesday seems to be in effect because the dow has recovered from the 326 point drop. The causes for weakness and emergingmarket concerns and the fed tapering, still in effect. Drop inlacher said the the past couple of days will not get into get in the way of the fed continuing the dialing down of the stimulus. Maybe what the market is crying out for. E want more qe the central banker was very vocal about how they are just going ahead and doing whatever is best for them and being selfish and not taking developing nations into account. We do. Microsoft looking out for number one, naming a new top spot. Stepeo bill gates will aside from his role as chairman of the board to devote more time as ....