Google To Market Home Entertainment Device

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By Douglas A. McIntyre Published
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As The Wall Street Journal reports, Google (NASDAQ: GOOG) has decided to follow Apple into the device business with its buyout of Motorola. The paper says that interest in hardware and software has grown as it launches a new home entertainment system.

But, it is well known that very few companies make much money in hardware. Motorola (NYSE: MMI) itself is an example, and so are many of the fading PC companies which do not make tablets or smartphones. Particularly telling is the success, seemed at least, of Amazon.com’s (NASDAQ: AMZN) Kindle Fire. Some experts believe the company losses money on the tablet. It is used, they say, as a way to market the e-commerce company’s entertainment devices and e-books.

It will take a long time to know whether the Google decision is fruitful

The paper writes

Google Inc. is developing a home-entertainment system that streams music wirelessly throughout the home and would be marketed under the company’s own brand, according to people briefed on the company’s plans

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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