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Google buys Nest Labs, maker of smart thermostat, for $3.2 billion [u] - Page 2

post #41 of 339
Quote:
Originally Posted by bill42 View Post

I love my very apple-like Nest and this news troubles me... The Nest is a very un-Android-like device. I hope they don't ruin it.

 

They probably will ruin it. Everybody knows how Google makes their money.

 

Now, Google will know even more about your life, your habits, your contacts and even your room temperature probably.

post #42 of 339
Quote:
Originally Posted by Apple ][ View Post
 

I don't blame the guy for selling to Google.

 

For 3.2 Billion, how can you?

 

Nest's products seem cool, but I don't think that Apple should have paid anything close to that amount, so let Google have them.

I agree -- there is no way that Nest was worth this much to Apple. 

 

But maybe it is worth this much to Google. Google's strategy is to sell our info and eyeballs to advertisers. Nest products have prominent placement in people's homes, providing another way to insert ads in front of our eyeballs. Also, Nest products gather a lot of data about people, not least of which whether they are home or not. 

 

Heck, between the ad placement and information value, I wouldn't be surprised if Google starts giving Nest products away for free. I'd rather pay $200 for a thermostat than let Eric Schmidt know how often I walk to the bathroom at night, but my impression is that there are a lot of people who are happy to share all personal data with companies like Google and Facebook. So this is probably win-win. 

post #43 of 339
Quote:
Originally Posted by TheUnfetteredMind View Post

Wonder if the founders will stick around or leave and start anew.

Yes, Fadell is moving to Google as is Matt Rogers according to their press release, but the way it's worded Nest itself will continue to be operated independently from Google.

http://investor.google.com/releases/2014/0113.html
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post #44 of 339
Between the acquisitions of Waze, Meebo, Sparrow, and now Nest, being the destination for Search has given Google a clear and worrisome advantage over Apple when it comes to acquiring companies that reach the tipping point in adoption.

Apple needs some way to address this strategic shortcoming. I truly wish there was a Search alternative that would gain some meaningful traction to balance the scales a bit. Google having granular insight into what the market wants via search queries is going to eventually give them an advantage that Apple should definitely be worried about. In fact, I would be willing to bet that Google has been using search data in all of their strategic decisions and this has helped them make the gains they have with Android as well as other initiatives.

When you combine this Search advantage with Google's willingness to launch imperfect but good enough products (like Android), iterate them until they compete effectively, and make big strategic acquisitions it is making me fear that Apple's platform advantages may eventually not be sufficient.

Please help me understand why I may be wrong about this.

Note - I am only writing this as an investor. As a customer I am sure Apple has many years of productive use and I have no worries about the viability of the company as a whole. My focus here is on discussing whether Google has a strategic advantage (Search) that could be used to further erode the value of Apple stock.
post #45 of 339
Quote:
Originally Posted by Tallest Skil View Post
 

And now I’ll never buy one (much less the three I’d planned). Ever.

 

Originally Posted by Apple ][ View Post

I don’t blame the guy for selling to Google. For 3.2 Billion, how can you?

 

Because morals can’t be bought.

Or intelligence.

 

The 2nd best company in the world bought a great "start up" for something that should be seen as an irrelevant number. 3.2 billion is a quarter for Google and money was made to be spent (with the goal of getting even more).

post #46 of 339
Quote:
Originally Posted by PhilBoogie View Post
 
But what is more troubling; why didn't some Google Worshipper explain it to us? 

Yeah, where's Gatorguy when you need him?

post #47 of 339
Quote:
Originally Posted by Joe Mecca View Post

The nest is popular, but to me, ecobee is the best. But that sometimes is not what it's about when dealing in the business world.
Maybe nest is better than 2 years ago and perhaps it's caught up with ecobee, but I wouldn't put my money on it - Apple could by ecobee for much less and popularize it - they would also need to update the pathetic app.

It's about the design as well. I looked up that thermostat you mentioned and it looks complicated...

I'm hoping google doesn't complicate nest decides because it's something I wanted for my next house
post #48 of 339

I just installed two in my house.  And I will now look for replacements.  There is no way I'm having Google own my home automation.  No way 

 

Nest could have been huge on its own.   They took the easy way out  

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post #49 of 339
You are out of your effin' minds if you think Nest is worth $3.2 Billion. That's a joke and Google is willing to dump tons down the drain knowing with an inflated stock price now is the time to strike on such frivolous buys.

Holy crap folks! Wake up.

AT&T, Verizon, GE, CenturyLink, PG&E and others are going to own the Smart Home space in 3 years.

Nest knows this or they wouldn't be shopping for a buyer.


By the way: "We're thrilled to join Google," Fadell said in a prepared statement. "With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world."


============================

Fadell was never core to Apple's success.
post #50 of 339

Get ready for Nest smoke detectors in your Android powered Audi

 

"In 300 feet, turn right, stop smoking and buy a Nexus!"

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post #51 of 339
Sad :-/ Stop Google!
post #52 of 339
Quote:
Originally Posted by scalpernt View Post

Between the acquisitions of Waze, Meebo, Sparrow, and now Nest, being the destination for Search has given Google a clear and worrisome advantage over Apple when it comes to acquiring companies that reach the tipping point in adoption.

Apple needs some way to address this strategic shortcoming. I truly wish there was a Search alternative that would gain some meaningful traction to balance the scales a bit. Google having granular insight into what the market wants via search queries is going to eventually give them an advantage that Apple should definitely be worried about. In fact, I would be willing to bet that Google has been using search data in all of their strategic decisions and this has helped them make the gains they have with Android as well as other initiatives.

When you combine this Search advantage with Google's willingness to launch imperfect but good enough products (like Android), iterate them until they compete effectively, and make big strategic acquisitions it is making me fear that Apple's platform advantages may eventually not be sufficient.

Please help me understand why I may be wrong about this.

Note - I am only writing this as an investor. As a customer I am sure Apple has many years of productive use and I have no worries about the viability of the company as a whole. My focus here is on discussing whether Google has a strategic advantage (Search) that could be used to further erode the value of Apple stock.

Looks to me that you are totally right. Google has been making some great decisions and playing to their strenghts. Larry Page is a fantastic CEO.

 

Meanwhile Apple has 160 billion staying still. Money like that = 0 if it isn't beeing put to good use. Of course, some members will come here saying that money doesn't make good produtcs, but Waze could've been a great "weapon" for Apple Maps. Sparrowfor Apple mail. etc.

 

What you and me must keep in mind is that Apple is the most powerful and innovative tech (and non-tech) company around, and they aren't here because of something as trivial as luck. We don't know that their main goal is. At any time, any moment, they can make a 200 billion investment into something and leave everybody else 10 years behind.

 

heck, something as trivial as buying T-Mobile and a shit load of spectrum and integrate all that on free imessage and facetime calls, icloud mail and sync + 300mb LTE would put the whole industry in flames.

 

We don't know sh*t, and that's frustrating.

post #53 of 339
How in the world is Nest worth $3B? Seems to me a crazy amount to pay for a company that has two products.
post #54 of 339
Google is acquiring seemingly useful companies left and right. Would really like to see Apple doing the same. How many MAP related companies do they need?
post #55 of 339
Give it a year .... in 3...2...1 shutdown Nest and kill their products! No Ads .... not welcome to google family!

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....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

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post #56 of 339
Quote:
Originally Posted by pedromartins View Post
 

Looks to me that you are totally right. Google has been making some great decisions and playing to their strenghts. Larry Page is a fantastic CEO.

 

Meanwhile Apple has 160 billion staying still. Money like that = 0 if it isn't beeing put to good use. Of course, some members will come here saying that money doesn't make good produtcs, but Waze could've been a great "weapon" for Apple Maps. Sparrowfor Apple mail. etc.

 

What you and me must keep in mind is that Apple is the most powerful and innovative tech (and non-tech) company around, and they aren't here because of something as trivial as luck. We don't know that their main goal is. At any time, any moment, they can make a 200 billion investment into something and leave everybody else 10 years behind.

 

We don't know sh*t, and that's frustrating.

 

Apple up 550% last 5 years

Google up 315% last 5 years

 

don't be a prisoner of the moment

post #57 of 339
Quote:
Originally Posted by hmurchison View Post
 

"Innovation is in our DNA"   

 

 

Could have fooled me Tim. 

 

Please explain to me why Apple would be interested in buying a company that makes thermostats and smoke detectors? What interest would Apple have in this? iStat? iSmoke?

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post #58 of 339
Quote:
Originally Posted by Rogifan View Post

How in the world is Nest worth $3B? Seems to me a crazy amount to pay for a company that has two products.

Exactly!

 

But you know what. Money is no object for Larry and The L Team. All Larry has to do is FART ... Wall Street jacks up their shares by 25%. Nest is paid off.

 

Case closed.

....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

Reply

....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

Reply
post #59 of 339
Quote:
Originally Posted by battlescarred1 View Post

I think home automation is the next big thing, not wearable devices. Right now it's just an amalgamation of so many competing products, lights, alarms, motion detectors, cameras, thermostats, smoke alarms, etc. A company should take all these items and come out with one whole house solution (hardware/software) that all works together under one umbrella. And looks and feels clean, modern and easy to use.

 

Then that company would be just another competing product, that's the problem.

 

What needs to happen is a high quality, low cost, no license fee, secure standard needs to be developed for all of the products to inter-operate.  Then that standard has to be backed by a company that can put out high quality products to lead the industry and convince other companies to also use the standard.

 

This also applies to many other areas like smartphone - car integration, smartphone - home appliance integration, photo/contact sharing, video chat, etc.  We have too many vendor specific proprietary solutions so it's a confusing mish-mash of competing incompatible products.

 

And I'll say it, Apple is a guilty party, they announced Facetime was going to be a standard, it's not.  iPhone uses a proprietary charger, their car integration solution is proprietary, Airdrop is proprietary, Airplay is proprietary.  Don't expect Apple to carry the torch here.

post #60 of 339
Quote:
Originally Posted by sog35 View Post

 

Apple up 550% last 5 years

Google up 315% last 5 years

 

don't be a prisoner of the moment

Google 5 years ago: A fantastic search engine.

Google now (pun): The 2nd most powerful company in the world, with almost full pocession of the most valuable resource found on planet earth: data. They also are the only hope of PC OEMs, Phone OEMs, car OEMs, TV OEMs and pretty much every single company that is afraid of Apple, so they will go only up.

 

I thought we knew that stock price itself means nothing.

post #61 of 339

it's about energy data collected. I think Google is going to re-enter this market and see the energy consumption analytics - so they can sell you products based on how "green you are".

 

There is a lot of good here for Google - hopefully they don't blow it. 

post #62 of 339
Quote:
Originally Posted by sog35 View Post

Fell sorry for all the people who bought Nest products.

I cringe just thinking about what kind of data Google will collect and they will use it for.

I'll be putting tape over the camera! I also now want to know more about disabling access to the internet or at least how to install Little Snitch. 1hmm.gif
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post #63 of 339

Time for me to rip my Nest off my wall. Such a shame :(

 

F YOU GOOGLE! EVIL MOFOs!

post #64 of 339
Quote:
Originally Posted by mdriftmeyer View Post

You are out of your effin' minds if you think Nest is worth $3.2 Billion. That's a joke and Google is willing to dump tons down the drain knowing with an inflated stock price now is the time to strike on such frivolous buys.

Holy crap folks! Wake up.

AT&T, Verizon, GE, CenturyLink, PG&E and others are going to own the Smart Home space in 3 years.

Nest knows this or they wouldn't be shopping for a buyer.

By the way: "We're thrilled to join Google," Fadell said in a prepared statement. "With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world."


============================

Fadell was never core to Apple's success.

Exactly  

 

ADT sends me a placard every single month about their HA/Security services.  I'm surprised AT&T isn't pounding down my door along with Comcast.   This field is going to rapidly heat up as the big companies align themselves.   Nest wasn't going to survive without offering Subscription Services and a lot more products.   Smart move from them was to sell. 

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post #65 of 339

I bet they'll be pulled from Apple Retail Stores soon....

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post #66 of 339
melior diabolus quem scies
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post #67 of 339
Quote:
Originally Posted by macxpress View Post

Please explain to me why Apple would be interested in buying a company that makes thermostats and smoke detectors? What interest would Apple have in this? iStat? iSmoke?

Because Apple needs to buy every company even if they aren't part of Apple's plans.

Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"
post #68 of 339
Quote:
Originally Posted by jungmark View Post

Because Apple needs to buy every company even if they aren't part of Apple's plans.

Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"

A post full of ignorance. Do you seriously believe that?

 

Heck, Apple should buy tripadvisor today and incorporate it on Maps, otherwise google will do it.

post #69 of 339
Quote:
Originally Posted by hmurchison View Post

 

Dwolla is the purchase you want if you're talking financial transactions. 

Hmm… had never heard of Dwolla before. I checked them out, was impressed, and decided to create an account. Until it got to the point where they wanted my SSN.

 

No way. Stopped right there.

post #70 of 339
Quote:
Originally Posted by sog35 View Post
 

 

Apple up 550% last 5 years

Google up 315% last 5 years

 

don't be a prisoner of the moment

Look at last year or even the last 2 years stock performance.  Google stock return has trounced Apple over that time frame.  Don't be a prisoner of the past (or at least don't cherrypick without adding anything substantive to the discussion).

post #71 of 339
Makes me think Google is more interested in Fadell for his hardware talent more than just Nest products. As long as Google doesn't plan on collecting Street Views of the inside of people's homes.
post #72 of 339
Quote:
Originally Posted by pedromartins View Post
 

A post full of ignorance. Do you seriously believe that?

 

Heck, Apple should buy tripadvisor today and incorporate it on Maps, otherwise google will do it.

 

Its called sarcasm...

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post #73 of 339
Quote:
Originally Posted by Tommy Wasabi View Post
 

it's about energy data collected. I think Google is going to re-enter this market and see the energy consumption analytics - so they can sell you products based on how "green you are".

 

There is a lot of good here for Google - hopefully they don't blow it. 

This is only true if everyone owns one.

 

That's a long ways away...

post #74 of 339
Quote:
Originally Posted by Gatorguy View Post


Yes, Fadell is moving to Google as is Matt Rogers according to their press release, but the way it's worded Nest itself will continue to be operated independently from Google.

http://investor.google.com/releases/2014/0113.html

 

Like all buyouts of such magnitude, they will be contactually bound for a specific period, before they split.

post #75 of 339
Quote:
Originally Posted by jungmark View Post


Because Apple needs to buy every company even if they aren't part of Apple's plans.

Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"

 

Hogwash. Google is overextending itself into seasoned industries that will crush them. They'll write this experiment off in 24 months.

post #76 of 339

It seems Google is going full speed into comprehensive home automation.  This is something that suits their strategy well.  They are completely content to support the services that make disparate hardware communicate seamlessly, even when they don't make the hardware.  This strategy is key for home automation since one company is unlikely to be the best at making every piece of hardware in the house.

 

I wonder if Nest has useful patents or if they were acquired simply for their human capital.

post #77 of 339
I own a Nest thermostat and I love the product. I am really disappointed to hear that Google bought them. I feel like they were really disrupting the home automation space and were poised to be a great stand alone, entrepreneurial company. Now, you can bet that the Nest's focus will change and their products will start to suck. I hope Google and Nest prove me wrong.

As far as other comments go - it would not have made sense for Apple to buy Nest, and I am not at all sure why Apple would want to buy Tesla. That is just insane.
post #78 of 339
Quote:
Originally Posted by hmurchison View Post
 

Exactly  

 

ADT sends me a placard every single month about their HA/Security services.  I'm surprised AT&T isn't pounding down my door along with Comcast.   This field is going to rapidly heat up as the big companies align themselves.   Nest wasn't going to survive without offering Subscription Services and a lot more products.   Smart move from them was to sell. 

 

AT&T finally showed its hands with the latest round of smart homes that it is testing in large markets presently. The Telcos will joint venture with the energy companies and get special structure with the PUDs to own the Smart Home.

post #79 of 339
Quote:
Originally Posted by anantksundaram View Post
 

Hmm… had never heard of Dwolla before. I checked them out, was impressed, and decided to create an account. Until it got to the point where they wanted my SSN.

 

No way. Stopped right there.

I don't remember them asking for a SSN.   Also didn't mean to poo poo Square.  Dwolla is a hidden gem because of it's fisync technology.   They going to get swallowed up by some larger outfit just like ebay acquiring Braintree (financial backend company). 

 

One thing you can say about these acquisitions. In a decade we'll look back and laugh at how byzantine our daily tasks were back in old 2014

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post #80 of 339

I wonder if Google with do anything with Nest property myenergy.com 

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