Tech analysts are aflutter over Monday's news of Google’s acquisition of Motorola.
And the mogul’s stock took a punch when Standard & Poor’s equity researchers lowered its “price target to $500 from $700” according to USA Today.
The deal does more than bring hardware to the software king, according to reports. It also brings 24,500 patent and patent applications to Google which is pouting over losing a coveted Nortel-based patent portfolio acquired by a consortium of tech companies such as Apple and Microsoft.
Coincidentally, or maybe not, PCWorld reports this:
Analysts from Frost & Sullivan noticed that Google's proposed US$12.5 billion acquisition of Motorola amounts to $510,204.08 per Motorola patent and application. Motorola recently said it had 24,500 patent and patent applications.
We took it to Cupertino—home of Apple headquarters—to ask people at The Oaks Center what they thought of the move. Watch the video to hear what they had to say.
Click here to find out what Mountain View Patch learned.
Click here to find out what the land of Motorola—Libertyville—is saying, too.