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August 15, 2011 07:53 pm GMT
The market is trying to make sense of Google's $12.5 billion agreement to buy Motorola Mobility. (Google shares are down 2.8 percent in midday trading to $548, while Motorola shares are up nearly 60 percent.) Citi analyst Mark Mahaney, for one, thinks it is a "defensive" move.In a research note he put out today after the announcement, Mahaney takes a skeptical view of the all-cash deal. "This may not be a bad use of cash," he writes. "But is this GOOG's best use of cash?" Mahaney worries what the impact might be on the Android ecosystem as a whole. Android has so much momentum already with 150 million handsets worldwide, why risk slowing that down with the distractions of absorbing one of the leading Android manufacturers?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tCtkEqFCgiA/
Citi Analyst: Google's Motorola Move Is "Defensive"
The market is trying to make sense of Google's $12.5 billion agreement to buy Motorola Mobility. (Google shares are down 2.8 percent in midday trading to $548, while Motorola shares are up nearly 60 percent.) Citi analyst Mark Mahaney, for one, thinks it is a "defensive" move.In a research note he put out today after the announcement, Mahaney takes a skeptical view of the all-cash deal. "This may not be a bad use of cash," he writes. "But is this GOOG's best use of cash?" Mahaney worries what the impact might be on the Android ecosystem as a whole. Android has so much momentum already with 150 million handsets worldwide, why risk slowing that down with the distractions of absorbing one of the leading Android manufacturers? Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tCtkEqFCgiA/
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