MarketFoolery: 08.13.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 August 2012
⏱️ 13 minutes
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Summary
Google cuts 20% of its Motorola Mobility workforce. Barnes and Noble cuts prices of its Nook e-reader and tablet. And Pfizer files plans for an IPO of its animal health business.
Transcript
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| 0:00.0 | Welcome to the show. Thanks for being here. I'm Matt Greer, pinch hitting for Chris Hill this week. |
| 0:06.0 | Chris is getting a much deserved vacation guy. |
| 0:09.0 | I can't believe we let him leave the office. I know. |
| 0:12.0 | Not acceptable. He snuck out the door. know we let him out he may be somewhere in the outer banks I'm not sure that's what he says at least but let's make him proud I have told him that I will try to make him proud here |
| 0:20.8 | Joe Meager for Motley Full |
| 0:25.2 | million-dollar portfolio. Guys welcome. Thank you. Thank you. Let's start |
| 0:27.9 | with Motorola Mobility. Joe news out that they are cutting 20% of their |
| 0:32.3 | workforce. Yeah. They're cutting 20% of their workforce. |
| 0:33.2 | They're closing a third of their offices. |
| 0:35.8 | This is the cell phone maker, I think it's fair to say struggling cell phone maker, |
| 0:39.6 | yes, that Google picked up back in May. |
| 0:41.3 | What's your take on the news? |
| 0:42.3 | Oh, I think this is great news. I mean Google bought... that Google picked up back in May. What's your take on the news? |
| 0:42.5 | I think this is great news. |
| 0:43.8 | I mean, Google bought Motorola |
| 0:45.8 | mostly for its patent portfolio, |
| 0:47.6 | which was really strong so they could have a little more shielding |
| 0:50.0 | around Android, but also to try and make something a motor roll and frankly just have a little bit |
| 0:55.1 | of optionality on making their own phone if push comes to shove, kind of like what Apple does, |
| 1:00.0 | and it gives them some options. |
| 1:01.5 | I think they're really smart to go in and cut some dead wood here, |
| 1:05.4 | no offense to the good folks at Motorola, |
... |
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