The market has had 3 days to chew over the Googorola news. It's not sitting well.
After thousands of news reports, analysts notes, blogs and tweets, the chart at right may tell you all you need to know about Google's (GOOG) plan to fight/emulate Apple (AAPL) by buying Motorola Mobility's (MMI) brand, patents and device manufacturing business for $12.5 billion.
In the three days of trading since the news broke, Google has dropped more than $30 a share, shaving nearly $10 billion off its market cap.
Apple, meanwhile, has been tracking the market and by Wednesday's close was up $3.45 (0.9%) for the week.
The acquisition deal announced on Sunday unleashed a flood of analyst's notes
With the fate of so many players at stake -- not just AT&T (T) and Deutsche Telekom (DT), but also Verizon (VZ), Sprint (S), Apple (AAPL), Research in Motion (RIMM), Hewlett Packard (HPQ), Nokia (NOK), Motorola (MOT) and the other makers of Google (GOOG) Android phones, not to mention all the companies that build cell towers -- everybody on MORE
Philip Elmer-DeWitt - Mar 21, 2011 11:18 AM ET
Tim Cook thinks he knows how to put $59.7 billion to good use
One of the things that's keeping Apple's (AAPL) market cap from overtaking Exxon Mobil's (XOM) -- besides Steve Jobs' health problems and the world's unquenchable thirst for petroleum products -- is the fear that the company will do something stupid with the nearly $60 billion in cash and marketable securities that seems to be burning a hole in MORE
Philip Elmer-DeWitt - Jan 23, 2011 7:56 AM ET
Weighing the odds on how that $70 billion will be spent.
Since Oracle (ORCL) co-President Charles Phillips said in July that the company could spend $70 billion in acquisitions in the next five years -- a statement the company retracted the following day -- I've been curious to see some insightful speculation on what Oracle would buy. One investor I spoke to believes that Oracle looked at 3Par (PAR), which Hewlett-Packard MORE
Adam Lashinsky, Sr. Editor at Large - Sep 3, 2010 8:00 AM ET
According to statements in its 10-Q filing, Google plans to accelerate its acquisition rate for the rest of the 2010.
Google has already started the year on a strong buying run, purchasing or announcing the intention to purchase nine companies for a total of $145 million. That's just the first three months and doesn't include bigger purchases of Admob ($750 million, still waiting on regulatory approval) and On2 ($123 million).
According to MORE
Seth Weintraub - May 6, 2010 12:40 PM ET
The deal guys stand ready to merge your company. But how about the IT department?
By Nan J. Morrison, senior executive, IT strategy and transformation group, Accenture
As the economy recovers, many analysts expect many corporations to go on a buying spree, gobbling up weak competitors or expanding into new businesses.
The problem? There's a strong chance the would-be acquirers are not as ready as they think. While they may have the MORE
Jan 7, 2010 10:00 AM ET