If there was ever a 'tell' that Google is ready to merge their awesome software capabilities with hardware its their Google Glasses. And quite frankly, the industry needs Google to step it up. Apple is far-and-way the leader in the post PC transition. Every leader needs a true competitor, if not for the sake of constant improvement.
In late January I highlighted the combined company desperately needed to improve their margins. Since then, Google has seen a systematic increase in overall margins.
If Google acts on the low hanging fruit by focusing their products on smart-phones and tablet, and removing excess manufacturing capacity from the lower product offerings, the combined company can approach margins toward the mid 30s.
The above became evident after Google reported, and the benefit will become more obvious as the merger develops.