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The Nest team will stay intact

Google bought Nest Labs earlier this month for a solid $3.2 billion in cash and according to a new report from TechCrunch, Google's new Nest team will be the search giant's core hardware group. That means Nest won't just be used for home automation and energy monitoring -- the team will be in charge of Google's latest hardware, which could include smartphones and tablets for Google's Android mobile operating system.
 
Google will keep the Nest team intact, including Nest CEO Tony Fadell. Fadell, who used to work for Apple on the iPod as well as the iPhone development teams, is considered a top dog when it comes to hardware -- but he's also comfortable with software. 
 
TechCrunch said Google was looking for the right product designers and engineers who could cross between both hardware and software, and saw that in Nest. 


[SOURCE: Digital Trends]

While Google will likely have its new hardware team work on home-automated devices as well, many reports say the Nest guys will take over all hardware projects spanning many kinds of devices. It's currently unclear what those devices will be.
 
It's interesting to see that Google sold off Motorola Mobility the same month that it acquired Nest. Many have concluded that Google originally acquired Motorola with the same intentions as when it acquired Nest; to have an innovative hardware team to power Android devices and beyond.
 
Google ended up selling Motorola to Lenovo for $2.91 billion earlier this week, reportedly taking a $7 billion net loss on the company. 
 
But Google got to hold onto Motorola's patents, which is likely what it acquired the company for anyway. Now, armed with patents and a whole new hardware team, we'll have to wait and see what Google does next. 
 
Google just posted its Q4 2013 financials, posting a significant rise in revenue from $14.42 billion USD in Q4 2012 to $16.86 billion USD in Q4 2013. Analysts expected $16.75 billion USD. But net income (GAAP) was at $4.10 billion USD ($12.01 USD/share), which is up roughly 15 percent year-over-year, but represents 1.5 percent less than the $4.16 billion USD ($12.20 USD/share) than Thomson Reuters predicted. 

Source: TechCrunch



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RE: Where is the value?
By Nekrik on 1/31/2014 2:40:03 PM , Rating: 5
"It's way more than that" - for one they could have mentioned that this a ton of very precise and very specific information about everyone in the home, when they are there, what rooms are occupied, when the lights are powered on in the kitchen vs. the living room, etc... It's a home invasion/automation device.

Google may have made a statement about the data collection but they have a long way to go before earning any trust with user data again. Any company with some of the best software devs in country that claims their collection of user data was a programming error is suspicious at best. An entire team of developers, program managers, and testers failed to realize what data was being logged, I call BS on that one.


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