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Thursday, September 15, 2011

IBM patents

Over the past two months Google bought over 2,000 patents from IBM. (I know IBM had a bunch of search patents.)

I also know their patent business is also a +$1B business. I wonder how much Google paid for them? I am expecting a nice one-time benefit from these purchases (on top of IBM's usual good performance) come the end of the quarter.

Depending how valuable these patents were, I am also gonna shy away from playing Google's earnings this quarter because of the potential one-time charge.

I plan on holding my remaining IBM until 175. (I am also actively day trading a few calls.)

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