Last month, Google Inc. purchased mobile communications hardware maker Motorola Mobility Holdings Inc. for US$12.5 billion, paying $40 per share—a hefty 63 percent premium over the price at which the company's stock had been selling. The Mobility division, which holds various electronics patents, had been spun off from the rest of the company in January. The acquisition makes Google a smartphone hardware manufacturing player, allowing it to apply the vertical integration and seamless control of mobile hardware and operating system software development that has proved an elegantly winning formula for Apple. However, it's likely that an even bigger aspect of…
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