3 ms·

Helen of Troy which owns Kaz, which owns Honeywell (one of the largest businesses specific to Nest's thermostat space) has a market cap of $1.7bil - http://fina

by mbesto 13y ago

Helen of Troy which owns Kaz, which owns Honeywell (one of the largest businesses specific to Nest's thermostat space) has a market cap of $1.7bil - http://finance.yahoo.com/echarts?s=HELE http://finance.yahoo.com/echarts?s=HELE - that's why this sounds crazy. On the flip side, P&G is a $217bil business - so, not that crazy how big the market is and can be. EDIT: As larrys points out, Honeywell is a $70bil biz.

larrys 13y ago
Sounded odd to me so I checked it out. HoT only appears to have the rights to certain Honeywell products and not the thermostats: http://www.kaz.com/kaz/honeywell/ http://www.kaz.com/kaz/honeywell/ Edit: "Honeywell" that you are referring to has a market cap of almost 70 billion: http://finance.yahoo.com/q?s=hon&ql=1 http://finance.yahoo.com/q?s=hon&ql=1
- mbesto 13y ago
  Touche! Good point.
- almosnow 13y ago
  Definitely brings more sense to the 3.2b price tag. On top of that, think of what those guys still have under the hood. Google wants to be the everything of your life. Smartphones fill a part of that but smart devices are another big chunk; and Nest was the company that is undoubtely leading a revolution on the field. This isn't a strategic move to eventually dominate the thermostat market. This is a strategic move to eventually dominate the 'everything you need' market.
pmorici 13y ago
Yeah but Nest's thermostats are to Honeywell's products what the iPhone was to Nokia's product line in 2007/2008.
timdorr 13y ago
HoT/Kaz only produce products for the Honeywell brand. They do not own Honeywell, which is a Fortune 100 company.
rokhayakebe 13y ago
I like how this 1.7B publicly traded co has a wordpress engine running their site.
- thatthatis 13y ago
  Go look at the Berkshire Hathaway website. There's something to be said for knowing what value a website brings to your business and building it to the appropriate level.

by mbesto 13y ago

larrys 13y ago

Sounded odd to me so I checked it out. HoT only appears to have the rights to certain Honeywell products and not the thermostats: http://www.kaz.com/kaz/honeywell/ http://www.kaz.com/kaz/honeywell/ Edit: "Honeywell" that you are referring to has a market cap of almost 70 billion: http://finance.yahoo.com/q?s=hon&ql=1 http://finance.yahoo.com/q?s=hon&ql=1

mbesto 13y ago
Touche! Good point.
almosnow 13y ago
Definitely brings more sense to the 3.2b price tag. On top of that, think of what those guys still have under the hood. Google wants to be the everything of your life. Smartphones fill a part of that but smart devices are another big chunk; and Nest was the company that is undoubtely leading a revolution on the field. This isn't a strategic move to eventually dominate the thermostat market. This is a strategic move to eventually dominate the 'everything you need' market.

pmorici 13y ago

Yeah but Nest's thermostats are to Honeywell's products what the iPhone was to Nokia's product line in 2007/2008.

timdorr 13y ago

HoT/Kaz only produce products for the Honeywell brand. They do not own Honeywell, which is a Fortune 100 company.

rokhayakebe 13y ago

I like how this 1.7B publicly traded co has a wordpress engine running their site.

thatthatis 13y ago
Go look at the Berkshire Hathaway website. There's something to be said for knowing what value a website brings to your business and building it to the appropriate level.