The hits just keep coming from the Google/Motorola deal. The $12.5 billion deal is now actually well past $13 billion in costs.
My favorite throw-away line from Claire Cain Miller’s New York Times piece:
In August, Google announced the layoffs and cuts as part of its broader plan to turn around Motorola Mobility, which has been unprofitable for 14 of the last 16 quarters.
For you non-math majors, 16 quarters is the last four years.
Google bought the Titanic. And they bought it when it was already underwater.