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Google buys Nest Labs, maker of smart thermostat, for $3.2 billion [u] - Page 3

post #81 of 339
Quote:
Originally Posted by mdriftmeyer View Post

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.

ATT would hardly be an improvement over Google if privacy is a huge concern to you. In fact I'd consider it a step backwards. Unlike Google ATT really does sell customer information.
http://money.cnn.com/2011/11/01/technology/verizon_att_sprint_tmobile_privacy/
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post #82 of 339
When I saw this I just groaned. Just got a Nest for Xmas and quite like it. Was going to get the smoke detector when v.2 comes out. Now not so sure. Apple keeps perfecting the phone and tablet while Google acquires the rest of the world. Depressing.
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post #83 of 339
Quote:
Originally Posted by Apple ][ View Post

I agree, but for 3.2 Billion, I'd sell to the devil, which I guess is what happened in this case.

Do no evil.

Do no evil: take out the 'o no' and you're left with D evil.
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post #84 of 339
Quote:
Originally Posted by macxpress View Post

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


 



And this is why Apple did not buy them... They are not selling well from the Apple store. If they sold really well, then maybe Apple would have maybe went to buy them. But then again, that "high" of price... I think someone is cooking the books. You know since Google put in start up funds... then bought them for outrages price. HMMMM.

 


 

You don't want to make me curmudgeon, you would not like me when I am curmudgeon.  I go all caps, bold, with a 72PT font and green lettering.  

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You don't want to make me curmudgeon, you would not like me when I am curmudgeon.  I go all caps, bold, with a 72PT font and green lettering.  

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post #85 of 339
Quote:
Originally Posted by Gatorguy View Post

This story from a few days back makes a bit more sense now.

http://forums.appleinsider.com/t/161480/apple-hits-snags-in-iwatch-production-loses-director-of-ipod-software-to-nest

 

Wow, Google sneakily stealing Apple execs via Nest.  Like the old saying goes, "where there's smoke there's fire".  It seems to me that Google is preparing to "skate to where the puck will be" with this huge push into home automation.  If you stop and think about it for a second this makes a ton of sense strategically.  The home and the car are the next two places where a platform needs to be created for the roll out of new tech.  Someone is going to become the platform of choice in these two areas and Google has decided they want to place a bunch of chips on the home and use Nest as the tip of their spear.

 

Tim, please don't take this market too lightly as it is enormous.  I am a professional rehabber in Boston and at least in my market it seems ripe for this exact type of innovation.  Affluent customers all know about Nest and are requesting it by name.  I hope this acquisition gets his attention so that Apple isn't caught flat footed once the market gains further traction.

post #86 of 339

maybe they think they just bought their next CEO

post #87 of 339
Quote:

Originally Posted by hmurchison View Post
 

They (Dwolla's) 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

It wasn’t clear to me what IP, if any, they have. The only thing going for them seems to be the low, ¢25 fee. Why does anyone need to purchase them to be able to offer a low transaction fee – Apple could create something like this in-house overnight if they wanted to.

post #88 of 339
Weren't Honeywell suing Nest? Maybe they'll ramp that up now that Nest have rich backers.

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post #89 of 339
When is Nest going to issue a statement vis a vis privacy? Google doesn't buy anything unless they can get some sort of monetized data out of the deal - usage this granular about in-house activities and preference is pure gold to them. I love my Nest products but I will no longer use them as connected devices if my data is going to Google to fuel their advertising engines ... I think Nest owes it to their rather loyal customers to make a statement one way or the other, and immediately.
post #90 of 339
Quote:
Originally Posted by anantksundaram View Post

It wasn’t clear to me what IP, if any, they have. The only thing going for them seems to be the low, ¢25 fee. Why does anyone need to purchase them to be able to offer a low transaction fee – Apple could create something like this in-house overnight if they wanted to.

They have a few patents plus some pending. Use Google Patent Search or the DuckDuckGo/Bing equivalent whatever they are to look them up.
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post #91 of 339
Thing is Google can get away with overpaying for a company. I mean just look at Motorola. That would never fly with Apple.
post #92 of 339
Quote:
Originally Posted by anantksundaram View Post
 

It wasn’t clear to me what IP, if any, they have. The only thing going for them seems to be the low, ¢25 fee. Why does anyone need to purchase them to be able to offer a low transaction fee – Apple could create something like this in-house overnight if they wanted to.

 

The Fisync tech is probably their coup de grace.   Since they aren't charging financial institutions more that ACH (Automated Clearing House) transaction yet they can deliver instantaneous transaction they could be a boon for companies who have payroll that is fairly dynamic.   I used to payroll process a decade ago and I'll tell you ACH is bullettproof but speed isn't a part of the equation.  

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He's a mod so he has a few extra vBulletin privileges. That doesn't mean he should stop posting or should start acting like Digital Jesus.
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post #93 of 339
Quote:
Originally Posted by anantksundaram View Post
 

Um... what is Google's strategy here?

Collection of user data to fuel advertising, of course.  That is Google's strategy in everything - collect personal data, and then sell you to advertisers based on that.  When thinking about anything that Google does in the business world, you have to start your thoughts with the simple fact that they are an advertising company, period.  

post #94 of 339
Google makes money by serving up targeted ads. The more they know about you, the more precisely they can target. Better targeting means they can charge more.

Currently they build their profiles on people by reading your email, tracking your web browsing, monitoring your online purchases, and tracking your phone's location. I can imagine how excited they are now that own a company that builds Internet enabled sensors for home use. The Nest thermostat knows when you plan to go on vacation, and when you come home. It knows if people are in the house, or if you are alone.

Nest seems to be a company that builds Internet enabled sensors to monitor your life. I am not at all surprised that Google wants to monitor and control all of that valuable data.
post #95 of 339
Oh great - just another good company killed by private data miner Google. I definitely won't support it now; may Mr Fadell enjoy his newfound billions and good riddance.
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post #96 of 339
Well I will worry when the acquire Fleet Labs.
post #97 of 339
I guess I won't be getting a Nest thermostat now... Who in their mind would buy something that can totally tell when you're home and when you're not home and then send that data to google... I'm not ready to have my home robbed with precision, thank you very much!
post #98 of 339

Attention Nest customers:

Your A$$ Is Now Ours!

 

1. You must have a gmail account.

2. You must join google+.

3. You must not disable "receive e-mails from unknown google+ members".

4. You must allow google to scan your home so we can show you Ads.

5. We will make Nest all plastic, square, add features such as Main Settings, WEB Settings, APP Settings, Hardware Settings, Firmware Settings, Setting within Settings, Copy codes from Apple iOS, paste them in Oracle Java, mix and match with DoubleClick Ads and shove them up right in your Nest's A$$.

6. Then, Larry and I will do OK Glass.

 

 


Edited by Disturbia - 1/13/14 at 5:11pm

....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! 

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....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! 

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post #99 of 339

There is a home automation company that is built on the Apple platform.

 

http://www.savantsystems.com/

 

This system has been maturing over several years and is used in the higher end of home automation. That's not to say that a purchase by Apple wouldn't help propel this more to the masses. 

 

The issue with Nest is that they currently have 2 products.  Only in the last few months have they now looked to establish a platform/SDK and allow other companies to interface.  The initial adopter is a company called Control4. Its that system that will control other devices. Google could have done the same, being a principal investor in the first place, and not bought the company outright.  Not sure what Google gains here, unless Nest has something much bigger in the pipeline that Google has seen and knows will be huge. The user base of those using Apple/Nest is probably more significant then Android/Nest and can't see Google cutting those customers off. Have to see where this goes. 

post #100 of 339

And if you don't buy an Android phone they'll turn down the temperature in your house, and even if you move out you'll be charged for energy usage

post #101 of 339
Quote:
Originally Posted by HawkBlade View Post
 
Quote:
Originally Posted by macxpress View Post
 

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

 



And this is why Apple did not buy them... They are not selling well from the Apple store. If they sold really well, then maybe Apple would have maybe went to buy them. But then again, that "high" of price... I think someone is cooking the books. You know since Google put in start up funds... then bought them for outrages price. HMMMM.

 

 

 

 

You have no idea how well the Nest products are selling from Apple Retail.  And the more I think about this, the less I am surprised by it.  First all of, Nest already had Google Ventures money in it.  So it's not completely out of the realm of possibility that Google might just write a check for one of the startups it has funded.

 

Apple buys a lot of companies...but they don't buy everyone.  We also have no idea if Apple made a play on them but I'd be very surprised if Apple didn't know in advance that Nest was being courted by Google for sale.  One thing we know from Apple is that they won't overpay for a company and $3.2b is a lot of coin.  That being sad, at least Nest makes a real manufactured product(s) and not some iOS/Android app.

 

Apple and Google compete in many places but not in all.  We have no idea if home automation was something Apple really wanted to pursue.  Tim Cook has said before that they say no to most ideas...very few actually make it to product.  On the other hand, Google has no qualms with keeping an every growing number of "balls in the air".  Some of those companies do well, and others don't work out.  Nest already has 2+ years of sales, likely a product pipeline of unannounced stuff and we have no idea what Google themselves were developing in house that might be moved over to Nest.

 

My real concern is Nest data since I've never been comfortable with Google and their data policies.  I'lll take Fadell's word (for now) on Nest data not being used for anything other than Nest products.  I think Nest recognizes that many of their customers are very Pro-Apple (they easily have the app download and usage data).

post #102 of 339
Quote:
Originally Posted by Gatorguy View Post


ATT would hardly be an improvement over Google if privacy is a huge concern to you. In fact I'd consider it a step backwards. Unlike Google ATT really does sell customer information.
http://money.cnn.com/2011/11/01/technology/verizon_att_sprint_tmobile_privacy/

 

The entire US hardline back-bone is AT&T. Sorry, but there isn't a city in the US that AT&T can't reach a decade before Google.

 

Google sells its customer data. Without it their stock is no greater than $100/share. Without customer data mining Google never goes public.

post #103 of 339

Tyco Systems is laughing right about now.

post #104 of 339
[/quote]
Quote:
Originally Posted by pedromartins View Post

I seriously hope that Apple is getting ready for something "big". There are countless companies that have a lot to offer to Apple and their products, and they do nothing about it.

Just F*cking buy Tesla, Apple!

(great move, Google)

And Motorola just keeps getting more and more awesome (The best android phone, Moto X. Moto G, etc)

You sure fooled me, I didn't know you are running a billion dollar company, why don't you apply for Tim Cook's job since you seem to know better.
post #105 of 339
Quote:
Originally Posted by mdriftmeyer View Post

The entire US hardline back-bone is AT&T. Sorry, but there isn't a city in the US that AT&T can't reach a decade before Google.

Google sells its customer data. Without it their stock is no greater than $100/share. Without customer data mining Google never goes public.

Who is Google selling data to and why would they do it? If they simply sold off the information it wouldn't be long before advertisers wouldn't need their services. No, I would think they guard it like the crown jewels just as Apple does. IMHO It doesn't leave their control short of a court order.
Edited by Gatorguy - 1/13/14 at 2:57pm
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post #106 of 339
Quote:
Originally Posted by Crowley View Post

Weren't Honeywell suing Nest? Maybe they'll ramp that up now that Nest have rich backers.

 

Like I said, Google is walking into a trap by many giants in industries it has no experience working in.

post #107 of 339
Wasted opportunity for Apple..Nest would've been a good use of those ridiculous billions of $ they're sitting on.
post #108 of 339

Well, that's all I needed to hear. No Nest's for me! :) No Google, MS, Samsung, MS, Sony, LG in my home! :)

 

Shame, I really liked the nest.

 

Best.

post #109 of 339
Quote:
Originally Posted by AppleInsider View Post


Google's outright acquisition comes as somewhat of a surprise as Nest was closing in on a funding round worth some $150, enough to net the company a valuation of more than $2 billion.

Now that's rich!
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post #110 of 339
Quote:
Originally Posted by techguy911 View Post
 

 

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.

I didn't mention Apple as being the one to "carry the torch" in my post. But I do agree with a lot of what you say concerning proprietary solutions. But sometimes it's the thing that makes the solution seem integrated in such a way to make it simple and easy to use as a whole. Which can help cut down on the users frustration and confusion.

post #111 of 339
Had Apple purchased Nest where would it have slotted in the company? Would Cook have kept it as a stand alone company or created a SVP of "home automation"? How would that SVP integrate with the current hardware/software/design SVPs? No way would Tony Fadell come back to Apple working for anyone but Tim Cook.
post #112 of 339
Quote:
Originally Posted by Gatorguy View Post

ATT would hardly be an improvement over Google if privacy is a huge concern to you. In fact I'd consider it a step backwards.

I don't recall ever using AT&T as my search engine. Keep Google usage confined to search, that's as far as I can stomach going.

post #113 of 339
Quote:
Originally Posted by PhilBoogie View Post

Now that's rich!

Shoot I could've given them that. lol.gif
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post #114 of 339
Google can use IP traffic analysis of you to know when you're home and adjust temperature. They tract you anyway why not use that tracking to adjust your thermostat? Better than nest just learning your behavior to playing with the knob and knowing what time it is.
post #115 of 339
Quote:
Originally Posted by Cpsro View Post

I don't recall ever using AT&T as my search engine. Keep Google usage confined to search, that's as far as I can stomach going.
http://searchengineland.com/att-interactive-more-than-30-percent-of-searches-on-network-are-mobile-118950
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post #116 of 339

Awesome. So now Google will know when you leave home and arrive. They'll know approximately how active your household is based on motion sensor triggers. They'll know your waking and sleeping schedule. They'll know how often you accidently trigger the fire alarm when cooking.

 

None of which is all that scary on their own. But for any other company looking to get into the connected home/smart appliance space, this type of data and Nest's experience will give them a huge leg up. I keep wishing that Apple would have bought them, but then I can't see how they could fit it into Apple's existing product line and ecosystem. But in terms of design and philosophy, they seemed so much more aligned with Apple than the googleplex.

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post #117 of 339

Better re-read those Nest terms and conditions, and watch out for revisions. Nest may stay independent, but you can count on user data flowing back to the mother ship. With Nest motion sensors, Google will be watching you all the time.

 

I feel even more satisfied now at having ditched Nest for a Honeywell Prestige 2.0 thermostat.

post #118 of 339

"Google hires Tony Fadell for $3,2Billion as lead designer"

post #119 of 339
Quote:
Originally Posted by hydr View Post

"Google hires Tony Fadell for $3,2Billion as lead designer"
Someone please explain how Tony Fadell is worth $3B.
post #120 of 339
Quote:
Originally Posted by bighype View Post

Time for me to rip my Nest off my wall. Such a shame 1frown.gif



 



F YOU GOOGLE! EVIL MOFOs!


 



Well, if you're looking to sell it... 1smile.gif
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