Just after his assets were frozen, and two months after resigning as CEO, LeEco chairman Jia Yueting has resigned from his position at the financially troubled and publicly traded half of the company. This latest news is almost assuredly connected to LeEco's ongoing financial problems. There is no word yet on how this might affect the privately owned phone manufacturing arm of the company. Read More
During his time on-stage at the Salesforce.com Dreamforce conference, Eric Schmidt (Chairman and former CEO) of Google said that the company's purchase of Motorola is about more than just patents, as has broadly been claimed.
We did it for more than just patents. We actually believe that the Motorola team has some amazing products coming....We're excited to have the product line, to use the Motorola brand, the product architecture, the engineers. These guys invested the RAZR. We know them well because they're Google Apps users....[We like] having at least one area where we can do integrated hardware and software. [via]
Does it make sense for Google to enter the hardware industry? Read More