Motorola deal offers Google tax, patent benefits On Wednesday August 31, 2011, 7:15 am By Lynnley Browning and Nanette Byrnes
By agreeing on August 15 to pay $12.5 billion in cash for struggling Motorola Mobility's vast portfolio of 17,000 patents and 7,500 pending patent applications on top of its handset business and television set-top boxes, Google is building a defensive bulwark for its Android phone software, already available on Motorola phones among others.
The acquisition, Google's largest ever, has legal tax and accounting benefits, many associated with the money Motorola Mobility has lost over the years, according to experts who have studied its details.
"The tax benefits of the deal make what was a good deal into a great deal," said Robert Willens, a New York accounting and tax expert. He estimated that through the acquisition, Google can expect to reap $700 million a year in tax deductions from future profits each year through 2019. Google also will be able to immediately reduce its taxes by $1 billion due to Motorola Mobility's U.S. net operating loss, and by a further $700 million due to its foreign operating loss, he said.
Biden Slams S&P for Downgrade that Hurt Economy Friday, 26 Aug 2011 ----“There were probably an awful lot of businesses out there going, ‘what the hell did you guys do?’” Biden said in an interview with reporters on board Air Force Two on the way to his home in Wilmington, Delaware, after a nine-day trip to China, Mongolia and Japan. ----------------------
Re: HOW many, involved in ON2 SCAM, will GO to JAIL before Google PAYING ON2 shareholders?
Would John Fargis be Google's main contacts in China if ON2 shareholders were NOT EXPOSED ON2 and China deals, will be anyone guess at this time until ON2 shareholders take the OPT-OUT to the COURT.
John Fargis worked in Beijing, with Motorola's Network Solutions Sector, whic's bought by Seimens
Biden Slams S&P for Downgrade that Hurt Economy Friday, 26 Aug 2011 ----“There were probably an awful lot of businesses out there going, ‘what the hell did you guys do?’” Biden said in an interview with reporters on board Air Force Two on the way to his home in Wilmington, Delaware, after a nine-day trip to China, Mongolia and Japan.
Google, Oracle Litigation over Android Still Unresolved
2 hours ago By Josh Long Sep 20, 2011
Google Inc. and Oracle Corp. have yet to reach an agreement to settle litigation over Google’s mobile-phone technology at the heart of the Android operating system.
U.S. Magistrate Judge Paul Grewal has called both companies back to a second settlement conference that is scheduled for Wednesday morning in a San Jose, Calif., federal court, Dow Jones Newswires reported.
The top execs at Google and Oracle were unable to finalize any terms of a settlement on Monday during face-to-face talks over Oracle’s claims that Android infringes on patents and copyrights associated with its Java technology, according to the report. Oracle obtained the Java technology through its 2010 acquisition of Sun Microsystems.
Google's Page and Oracle's Ellison meet for settlement talks
By Brandon Bailey firstname.lastname@example.org Posted: 09/20/2011 06:33:13 AM PDT Updated: 09/20/2011 06:33:14 AM PDT
Two of the most powerful CEOs in Silicon Valley met Monday at San Jose's federal courthouse, where a judge sought to mediate a potentially billion-dollar software dispute between Oracle (ORCL) and Google (GOOG).
Oracle chief Larry Ellison and Google boss Larry Page smiled broadly, but said little of substance to journalists who greeted them outside court in the morning. Each CEO came with an entourage of lawyers and lower-ranking executives.
While federal court is usually a formal place, the two came dressed in Silicon Valley fashion.
Page wore a suit but no tie, arriving with his collar slightly askew. He told reporters: "We're looking forward to a productive day." Ellison walked in a few minutes later, wearing a V-neck pullover under his sports coat. When asked what was his goal for the session, he vowed to "do the best we can."
Closed door talks ended Monday evening after 10 hours, with Magistrate Judge Paul Grewal ordering them to return Wednesday.
The two companies face an Oct. 31 trial date for a lawsuit
As Google's (GOOG) Eric Schmidt faces a row of senators Wednesday in an antitrust hearing on the company's search dominance, it will be a moment of high-stakes theater for Silicon Valley, and a potentially fateful milestone for the "Don't be Evil" startup that has muscled up into an Internet superpower.
Schmidt's appearance on the hot seat also caps a remarkable blitz by Google to boost its influence inside the Beltway, with the company hiring more than a dozen lobbying firms between late June and late August, and sending Schmidt and another emmissary on earlier trips to plead Google's case in Washington.