“You have to step back and say why is that and would a separation actually solve whatever the underlying issues are that are creating the current valuation?,” he said. “You have to be careful that it’s not too simplistic an analysis.”
That’s one of the most un-asked questions ever, in most mergers, acquisitions, and divestitures: “would [it] actually solve […] the underlying issues?”
By the way, my recent thoughts on the proposed Qualcomm breakup.
Ise said that Google is focused on completely replacing the driver, while Toyota is looking at ways to take the load off the driver while maintaining the fun of the experience.