Google's Motorola job cuts are no surpriseAugust 13, 2012: 10:05 AM ET
I'm going to call all James Carville on you. Because nobody in the media ever does that. Snicker snicker. Google's (GOOG) acquisition of Motorola Mobility can be summed up thusly: It's the patents, stupid!
With that in mind, it's not a huge surprise that Google is cutting 4,000 Motorola jobs. Google clearly doesn't need many of the hardware people at the company since Google was more interested in Motorola's intellectual property than its Droid phones and Xoom tablets.
The big layoffs are unfortunate, but they should further enforce the notion that when it comes to the world of mobile, Google still is playing catch-up with Apple (AAPL) ... despite the impressive market share gains for devices running on Google's Android as of late. Investors seemed to perversely approve of the job cuts. Shares of Google were up about 1% Monday morning.
The Google news should also serve as a reminder that those who still think struggling Nokia (NOK) or Research in Motion (RIMM) could benefit from a takeover should be careful what they wish for. For more on the Google/Motorola job cuts and what it says about the mobile sector, check out today's Buzz video below.>