Oct. 17, 2013, 4:03 PM
- Google (GOOG): Q3 EPS of $10.74 beats by $0.37.
- Revenue of $14.89B beats by $0.05B. Shares +1.9% AH. (PR)
Sep. 20, 2013, 1:36 PM
- After meeting with Google Glass (GOOG) LCOS microdisplay supplier Himax (HIMX +5.3%), Chardan's Jay Srivatsa reports Google has prompted Himax to ramp production, and thinks Glass will see a full commercial launch in Q1 2014. He adds Google might launch more than one Glass model, to cater to those needing prescription glasses.
- Srivasta believes Himax has already raised microdisplay production to 500K units/month from a prior 200K/month, and is set to produce 850K/month by the end of Q1.
- Pricing for a commercial version of Glass remains a mystery. The developer edition was sold earlier this year for $1,500. Google has said it doesn't plan to run ads on Glass, and wants to profit from hardware sales.
- Himax also told Srivasta it's in the "early stages of ramping [microdisplay] production for another company," which the analyst believes is Microsoft (MSFT -2.5%). Himax thinks the company's product could launch in mid-2014.
- Meanwhile, TechCrunch reports Microsoft might spend up to $200M to buy wearable computing patents and assets from military contractor Osterhout Design. Osterhout has worked on head-mounted displays in the past, among many other products.
- Yesterday, Oppenheimer reported Himax is seeing "significant" interest in its microdisplays from other firms in the wake of the Google deal. Himax shares are making new highs again today.
Aug. 22, 2013, 12:24 PM
- Tech pundit and Google Glass evangelist Robert Scoble reports hearing Google (GOOG +0.3%) is planning to rent 6K sq. feet worth of space at every Best Buy (BBY +2.8%) store next year to promote Google Glass.
- Is Scoble's source off by a decimal? Best Buy's stores have 20K-45K sq. feet of floor space (inc. register aisles and everything else). If the rumor is true, Google would be renting 13%-30% of available space.
- Regardless, Best Buy appears to be getting a lift from the rumor, as is Glass microdisplay supplier Himax (HIMX +3%).
- Google already has a Chromebook marketing partnership with Best Buy.
Jul. 18, 2013, 4:06 PM
Jul. 9, 2013, 4:11 PM
Yelp (YELP +6.7%) jumps to new highs after announcing it's no longer a mere ad-seller: the local reviews leader is launching a platform that allows local businesses to take orders and have transactions processed on its site/apps. Only food delivery/pickup orders are initially supported, but Yelp promises "categories like spas, yoga studios, salons and dentist appointments" will launch in the coming months. Yelp's efforts present new competition for Groupon (GRPN -3.3%), which has been working hard to expand beyond daily deals and become a broader local e-commerce enabler. Google (GOOG) is also eying this market.| Jul. 9, 2013, 4:11 PM | 1 Comment
Jun. 7, 2013, 8:07 AM
TiVo (TIVO) settles with GOOG, CSCO and Arris (TWC), and will receive an upfront payment from Google and Cisco of $490M. Part of money will be used for share repurchases as the board authorizes a doubling of the buyback plan to $200M. Shares to remain halted until 8:20 ET. (PR)| Jun. 7, 2013, 8:07 AM | 1 Comment
May 24, 2013, 3:16 PM
There's no bounce today for Facebook (FB -3.5%) whose slide today takes the stock to a new YTD low. The only news of note is Google's (GOOG) rumored entry into the Waze bidding amid reports Waze isn't interested in Facebook's desire to have part of the team move to Silicon Valley. Adding Waze would make Google Maps an even more robust product while keeping Facebook off of its territory.| May 24, 2013, 3:16 PM | 7 Comments
May 22, 2013, 6:37 PM
In its earnings call today, Hewlett-Packard (HPQ) CEO Meg Whitman remarked that its position in the PC market has been boosted by recent efforts to sell tablets powered by Google's (GOOG) Android, thus allowing it to compete in tablets again after discontinuing its Palm/webOS TouchPad in 2011. "If we have the right product and the right price, the channel still loves H-P and they want to sell our products," Whitman said. "Frankly, having Android products helps a lot." (Webcast) Shares +13.3% AH.| May 22, 2013, 6:37 PM | 3 Comments
May 15, 2013, 11:50 AM
Google (GOOG +2.5%) and Samsung (SSNLF.PK) will use Google I/O to show off a version of the Galaxy S4 that (like Google's Nexus hardware) runs a stock version of Android, Geek.com reports. Google, which has cracked $900 for the first time today, has been working hard to promote stock Android relative to versions with custom skins such as Samsung's TouchWiz and HTC's Sense, but with limited success. Upcoming Motorola phones will reportedly run stock Android. I/O festivities start at 12PM ET (live blog). (music service reports)| May 15, 2013, 11:50 AM
May 14, 2013, 7:53 PMPandora (P) -3.6% AH following reports Google (GOOG) will launch subscription-based music services - a Spotify-like service, and a YouTube music video service - with at least the former service launching tomorrow. Neither appears to directly compete with Pandora's ad-supported online radio service (which thus far hasn't been hurt badly by Spotify's growth), particularly given an NYT report stating the Spotify-like service won't include a free tier. However, the YouTube service would be a unique market entry, one backed by a site with enormous reach. It would need an audio-only option to keep a lid on battery drain and mobile data usage; a WSJ report suggests Google is looking to offer one. | May 14, 2013, 7:53 PM | 6 Comments
Apr. 19, 2013, 5:16 PMGoogle (GOOG +4.4%) refused to stop rallying today, closing within a hair's breadth of $800. In addition to favorable sell-side notes, investors may have taken heart in earnings call remarks about growth being "fairly stable" across regions in the face of macro challenges. Asia is said to be Google's fastest-growing region, and recession-hit Southern Europe "remains stable." Google also noted "Other" revenue rose 27% Q/Q and 150% Y/Y to $1B thanks to Google Play, and that YouTube viewing has risen by 50% over the last year. (Q1: I, II) | Apr. 19, 2013, 5:16 PM
Apr. 19, 2013, 11:34 AM
Google (GOOG +2.7%) rallies yet again following a mixed Q1 report, as the Street focuses on healthy paid click growth (boosted by mobile) and better-than-expected margins more than (moderate) ad price weakness (hurt by mobile) and Motorola's woes. "Google can grow its core search business in the low teens over the next few years at high incremental margins," and thereby keep margins stable even as it makes big investments, Morgan Stanley declares. Though still bullish, Needham notes EPS would've been roughly in-line if not for a tax credit. (CC transcript)| Apr. 19, 2013, 11:34 AM
Apr. 16, 2013, 10:00 AMThe specs for the first version of Google Glass are out: the device can take 5MP photos and record 720p video, has Bluetooth and 802.11 b/g Wi-Fi radios, and 16GB of storage. Google (GOOG +0.5%) claims a battery life of 1 day with normal use, and states viewing Glass' display is equal to watching a 25" HD screen from 8 feet away. Google has also begun rolling out Glass apps in Google Play, and has prohibited developers (for now, at least) from including ads in their apps, or charging for them. Himax (HIMX +7.7%), a rumored Glass supplier, seems to be getting a lift. (previous) | Apr. 16, 2013, 10:00 AM | 3 Comments
Apr. 2, 2013, 10:24 AM
Groupon (GRPN -6.9%) "has a largely unproven business model, a wide ranging global business mix in transformation, and is undergoing a management change," writes UBS' Eric Sheridan. The daily deals leader is the only company given a Sell rating in a coverage launch for Internet stocks. Google (GOOG +0.6%), eBay (EBAY +1.1%), Yahoo (YHOO +1.2%), AOL (AOL +0.7%), Yelp (YELP +2.4%), and InterActiveCorp (IACI +2.1%) have been started at Buy, and Amazon (AMZN +0.4%), Facebook (FB +1.3%), LinkedIn (LNKD -0.2%), and Zynga (ZNGA +0.3%) at Neutral.| Apr. 2, 2013, 10:24 AM
Mar. 12, 2013, 10:42 AM
While eBay slumps in the wake of ChannelAdvisor's Feb. data, Amazon (AMZN +1.5%) is doing the opposite. Same-store sales for ChannelAdvisor clients using Amazon rose 30.8% Y/Y in February, or 34.8% when normalized for the 2012 leap year. That compares with 34.3% growth in January, and indicates Amazon's 3rd-party sales (39% of Q4 paid units) remain healthy. Google (GOOG -1.1%) saw mixed results: Google Shopping's same-store growth fell to a normalized 4.5% from January's 7.9%, but search e-commerce growth rose to a normalized 4.9% from a prior -1%.| Mar. 12, 2013, 10:42 AM
Mar. 7, 2013, 8:09 AM
Was SA contributor Mark Gomes right after all? On Monday, Gomes speculated Himax (HIMX) shares could triple assuming it is chosen as Google Glass's (GOOG) primary provider of microdisplays. Shares soared and then retreated after after Karl Guttag, upon whose research Gomes's claims were partially based, disputed Gomes's conclusions in a comment. Now this morning, HIMX shares are +28% premarket on reports Himax "will be the sole supplier of LCoS solutions for Google Glass."| Mar. 7, 2013, 8:09 AM | 6 Comments