Perhaps a $2.4bn tax break had something to do with it tooBy Lawrence LatifFri Sep 02 2011, 12:58INTERNET GIANT Google bought Motorola for more than just its patent portfolio, according to Google chairman Eric Schmidt.Google's planned buyout of Motorola for $12.5bn was seen by many as a last ditch attempt by Google to get its hands on a patent portfolio that could stand up against its rivals. However Schmidt claims that Google's decision to buy Motorola wasn't just for patents, telling Marc Benioff, CEO of Salesforce.com, "We did it for more than just patents."Reuters reports that, apart from Motorola's products, Google stands to gain substantial tax benefits. According to tax expert Robert Willens, Google stands to save $700m a year in tax deductions from future profits until 2019. Better still, Google will immediately reduce its taxes by $1bn due to Motorola's US operating loss and by a further $700m a year due to foreign operating loss.If Willens is correct, and given that tax experts usually know all the tricks in the book we imagine he is, then Google's $12.5bn outlay will be paid off in seven years, without accounting for the 17,000 or so patents it will acquire as part of the deal.Schmidt of course wasn't commenting on any tax savings anticipated by Google, rather he was applauding Apple chairman Steve Jobs, saying his leadership of Apple was one of the most successful in the last 50 years. Schmidt and Jobs are good friends and until 2009 Schmidt sat on the board of both Apple and Google.Google still needs the US Department of Justice to rubber stamp its deal with Motorola but most are expecting that to be just a formality. When it does go through, Google will not only have picked up a patent portfolio that should help it defend Android but it will also be able to hand over less cash to Uncle Sam. µRead more: http://www.theinquirer.net/inquirer/news/2106296/schmidt-claims-google-didnt-motorola-patents#ixzz1Wp4Qu4Wd The Inquirer - Computer hardware news and downloads. Visit the download store today.
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So why will people buy this device instead of a Nook Color? Well, beyond the deep Amazon services integration, there will be two other reasons, I believe. First, Amazon is going to promote the hell out of this thing on Amazon.com. Second, the plan right now is to give buyers a free subscription to Amazon Prime.The service, which Amazon currently sells for $79 a year, gives users access things like free unlimited two-day shipping, and no minimum purchases for free shipping. More importantly for this product, Prime users get access to Amazon’s Instant Video service. There will be more Kindle-related perks, I imagine.
It’s called simply the “Amazon Kindle”. But it’s not like any Kindle you’ve seen before. It displays content in full color. It has a 7-inch capacitive touch screen. And it runs Android.Rumors of Amazon making a full-fledged tablet device have persisted for a while. I believe we were one of the first to report on the possibility from a credible source — the same person who accurately called Amazon’s Android Appstore. That source was dead-on again, it just took Amazon longer than anticipated to get the device ready to go. They’re now close.How do I know all of this? Well, not only have I heard about the device, I’ve seen it and used it. And I’m happy to report that it’s going to be a big deal. Huge, potentially.First of all, before every commenter asks, no, sadly, I don’t have any pictures to share. That was the one condition of me getting this information. So instead you’ll have to rely on my prose to draw a picture of the device in your head. Or you can just look at a BlackBerry PlayBook — because it looks very similar in terms of form-factor.
