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GOOG
Google Inc.

5/26/2012, 6:06 PM ET
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GOOG Market Currents more »
  • Friday 7:08 PM Responding to a report from The Verge that Google (GOOG) had acquired H-P's (HPQ) webOS team, H-P clarifies that "some key members" of the team working on the webOS-based Enyo app development platform have left the company, but "the majority of the engineering and leadership team remains." It adds the Enyo team is looking to hire new engineers. [Tech]
  • Friday 6:37 PM Is Google Wallet (GOOG), off to a sputtering start, a victim of its dependence on NFC technology? Not only are NFC chips found in only a small (albeit growing) percentage of phones, the technology requires an ecosystem that doesn't exist, in part due to rival agendas. Meanwhile, PayPal (EBAY) is rolling out an app-based service that allows users to pay before walking into a store, and Starbucks has had success with a solution that scans barcodes appearing on a phone's display. Then there's Square. [Tech]
  • Friday 5:08 PM Engadget's review of Samsung's (SSNLF.PK) Galaxy S III is positive, but far from glowing. The device's performance, camera, and display are praised, but its software, which Samsung has heavily emphasized, is found lacking, and the site declares HTC's One X a better high-end Android (GOOG) option. The Verge is more enthusiastic, calling the S III a "technological triumph." Though Samsung currently looks unstoppable in the Android market, it's worth remembering HTC looked the same way a year ago. [Tech]
  • Friday 4:55 PM Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [Tech]
  • Friday 12:19 PM Android's (GOOG) tablet market standing receives another hit (previous) courtesy of Cisco (CSCO), which says it will no longer invest in its Cius enterprise tablet line. Instead, the company will focus on providing IP communications software for mobile devices via its Jabber and WebEx families. Cisco's move comes as enterprise iPad (AAPL) usage takes off, both due to corporate purchases and IT's "bring your own device" (BYOD) trend. [Tech]
  • Friday 9:15 AM H-P's (HPQ) webOS team, its fate in limbo since the company ended hardware development for the platform, is being acquired by Google (GOOG), The Verge reports. Possible reasons for Google's interest: the ability to use elements of webOS' UI in Android; the commercialization of the Enyo app development platform; and the fact Android design chief Matias Duarte previously worked on webOS. Chances are Google paid a lot less than H-P's prior asking price of $1.2B. (HPQ layoffs) [Tech, M&A]
  • Friday 8:58 AM At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS. [Quick Ideas]
GOOG News more »
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Company Description

Google is a global technology leader focused on improving the ways people connect with information. The company's innovations in web search and advertising have made its web site a top internet property and its brand one of the most recognized in the world. Google maintains a large index of web... More