-- Google Finance, Govt, Policy and Business Issues
---- Nortel Patent Auction: Was Google Bored Or Confident By Bidding PI
walkman - 2:30 pm on Jul 5, 2011 (gmt 0)
Google knew the bidding would top 4 billion, so they were just having fun by bidding goofy numbers till the price got too high. The only reason they were even bidding is to make sure they drove the price up.
Possible but the fact that several companies split it doesn't make that much difference in reality. Apple has some $60 Billion in reserves and Microsoft almost $50 Billion. But then it didn't cost Google anything once they knew they'd lose. G and MS have a habit of making each other pay more
Dont forget that in these actions people hire game theory experts to assist with the bidding. Google bidding PI could be an attempt to Meta Game the system, by throwing the opponents a curve ball - akin to playing against type in poker
Yeah, they forget everything once someone plays such a trick and cry 'mommy!' ;) All the sides involved are pros at this