AVG Technologies (AVG -2.2%) spikes lower after SA contributor Eiad Asbahi states Google is...
Thursday, January 31, 2:04 PM ETAVG Technologies (AVG -2.2%) spikes lower after SA contributor Eiad Asbahi states Google is planning search toolbar policy changes that will do a number on AVG's toolbar revenue (45% of total). Whereas AVG's toolbar automatically makes AVG search (Google-powered, but featuring AVG ads) a user's default search engine, Asbahi expects a pending change will require users to specifically opt in. Also, pending browser changes will make unintentional toolbar installs harder to come by. He gives the company a valuation of $8.50-$10/share, well below current levels.
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