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Apple CFO Reacts to Google/Motorola Deal

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oppenheimer thumb20110803Apple CFO Peter Oppenheimer participated on a conference call hosted by investment firm Gleacher and Company earlier this week. During the call, a participant asked Oppenheimer about Google's $12.5 billion proposed acquisition of Motorola Mobility:

$12.5 billion is a lot of money.

The Motorola acquisition is by far the largest by Google and many times larger than the biggest deal Apple has ever participated in: the acquisition of NeXT in 1997 that brought Steve Jobs back to the company. Apple paid $429 million in cash and 1.5 million shares of stock in that purchase.

Apple had more than $76 billion in cash at the end of the most recent quarter. Before the Motorola purchase, Google reported $39 billion in cash.

Top Rated Comments

chrmjenkins Avatar
chrmjenkins
197 months ago
I'm pretty sure he's saying "I think they overpaid" without actually saying it.
Score: 35 Votes (Like | Disagree)
H
huggyb
197 months ago
wow people, way to NOT read into the sarcasm from Pete there.
Score: 15 Votes (Like | Disagree)
QuarterSwede Avatar
QuarterSwede
197 months ago
$12.5 billion is a lot of money.
No S***.

This is a story!?
Score: 15 Votes (Like | Disagree)
B
blyan
197 months ago


Indeed Peter. $12.5B is a lot of money. Glad we're on the same page.

Would that be Larry?

Nyuk nyuk nyuk.
Score: 14 Votes (Like | Disagree)
Northgrove Avatar
Northgrove
197 months ago
Wow. I had no idea Google just used up a third of its total cash reserves in that deal. I know it was a major purchase, but that.... Yes, that is a lot of money. A long time of Android sales.
Score: 13 Votes (Like | Disagree)
Apple... Avatar
Apple...
197 months ago
Apple has never spent more than a billion on a company? Good job. :cool:
Score: 11 Votes (Like | Disagree)
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