More Concerns About "Googarola"

After having lowered Google shares from "strong buy" to "buy" last month, the Standard and Poor's equity analyst has further downgraded GOOG from "buy" to "sell".

The morning Mercury News lists possible negatives about Google's acquisition of Motorola Mobility:

1) The deal would take longer than expected to close;
2) Motorola's 17,000 patents won't provide much intellectual-property protection for Google's Android software;
3) "An Internet-era software company [29,000 employees] known for launching products and improving them on the fly" will have trouble absorbing an 83-year-old Midwestern hardware company (19,000 employees);
4) Hardware will be a drag on Google margins;
5) Google will be competing with its own handset customers.

If Google falls below $500 I'll be tempted to nibble at a few shares. At least I'll get a nice meal at the shareholders meeting. They'll still have that next year, won't they?

Note: I have no position in Google and won't be taking a position in the next 30 days.