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Google Inc. (GOOG)

- NASDAQ
  • Apr. 13, 2012, 10:41 AM
    Google (GOOG -2.4%) is now heading south following its Q1 report and "stock split," even though analyst targets are moving higher in response. Wells Fargo is joining Deutsche in predicting shares will tread water over the near-term, but that mobile ad rates will eventually improve. Benchmark, however, is concerned about the impact of Google's mobile revenue-sharing deals, and the inability of high-end Android tablets to compete against the iPad. (transcript)
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  • Apr. 13, 2012, 9:08 AM
    Google's (GOOG) new share structure is a clear violation of its "don't be evil" mantra, according to Felix Salmon. Dual-class structures were illegal until 1986, and even afterwards, independent shareholders have generally been given the chance to vote on them. Ultimately, Google's move represents an attempt to "retreat back into its pre-IPO shell as much as possible."
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  • Apr. 13, 2012, 8:27 AM
    Google (GOOG +0.6%) is hardly moving after posting a mixed Q1 report featuring strong paid click growth, ongoing cost-per-click pressure, and a convoluted "stock split" that guarantees the Page/Brin/Schmidt troika will keep calling all the shots. Deutsche (Buy) thinks shares could be range-bound near-term due to a forex overhang and MMI integration concerns, but expects mobile and display ad share gains, along with improving mobile ad rates, to drive upside by Q4. (transcript)
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  • Apr. 12, 2012, 5:35 PM
    During its Q1 earnings call (webcast, live blog), Google (GOOG) admits lower rates for mobile ads are contributing to its cost-per-click weakness, as are new search ad formats and revenue-sharing agreements with OEMs and carriers. However, the company expresses optimism mobile ad rates will improve, given mobile advertising is in its early stages, and has the ability to drive local commerce.  GOOG +0.4% AH. (more)
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  • Apr. 12, 2012, 4:46 PM
    More on Google's (GOOG) new share structure: Legal chief David Drummond says the new Class C shares will trade under a different ticker, and be identical to Class A/B shares save for the lack of voting rights. Larry Page, Sergey Brin, and Eric Schmidt "will maintain the same link between their voting and economic interests that exists today, even if they sell some of their non-voting Class C shares." Expect ISS and others to register their dismay.
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  • Apr. 12, 2012, 4:30 PM
    More on Google's Q1: The new share structure is defended via another letter praising Google's long-term focus (previous). Ad click rates fell another 6% Q/Q and 12% Y/Y, backing up recent fears. Paid clicks rose 7% Q/Q and 39% Y/Y, up from Q4's 34% and likely fueled by mobile. International sales were 54% of revenue. Capex relatively mild at $607M, down from Q4's $951M. Headcount growth was a modest 610 (helps explain the earnings beat). GOOG +1.2% AH. (PR)
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  • Apr. 12, 2012, 4:14 PM
    Google (GOOG): Q1 EPS of $10.08 beats by $0.43. Revenue of $8.14B (+24% Y/Y) misses by $10M. Company announces "effectively, a 2-for-1 stock split" with a new class of nonvoting shares. Shares +1.2% AH. (PR)
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  • Apr. 12, 2012, 12:10 PM
    Three months after Google (GOOG +1.3%) tumbled on a soft Q4 report marked by an 8% cost-per-click decline, the Street badly wants to see a rebound in today's Q1 report, one that would validate Google's assertion the decline was mostly due to forex issues and algorithm changes. Skeptics fear the decline has much to do with competition (I, II) from the likes of Facebook and Amazon, weak Euro ad spending, and the lower prices generated by mobile search ads. (earlier)
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  • Apr. 12, 2012, 11:52 AM
    LinkedIn (LNKD +7.2%) jumps after SunTrust starts coverage with a Buy, and Morgan Stanley (Overweight) lifts its PT to $115 from $105. MS says its analysis of LinkedIn's sales efficiency found the company's recent aggressive hiring had a minimal impact on productivity, and that leads the firm to hike its margin forecasts. SunTrust is also starting Google (GOOG +1.3%), Web.com (WWWW +5%) and Netflix (NFLX +3.2%) at Buy.
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  • Apr. 12, 2012, 11:38 AM
    A Barclays survey of 100 CIOs found 76 of them saying they've already deployed tablets, or are trialing/testing them. Troubling for the PC industry is the fact 40% said the tablets they purchased would replace laptops. In-line with existing data, the iPad (AAPL) is by far the most popular enterprise tablet, with over 80% of CIOs saying they'll support it. Interest in Android (GOOG) tablets is above 40%, but down from August.
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  • Apr. 12, 2012, 4:19 AM
    Microsoft (MSFT) won a U.S. District Court ruling yesterday effectively preventing Motorola Mobility (MMI) from immediately obtaining an injunction in Germany that could have stopped Microsoft from selling its Xbox and other software products there. The judge's full report will be made available today.
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  • Apr. 12, 2012, 2:03 AM
    Google (GOOG) reports earnings after the close today, and many investors are urging the company to follow Apple's lead in declaring a dividend. Google's cash has almost doubled since 2009 to $44.6B, and Google is the only U.S. tech firm with a market value over $125B that doesn’t offer a regular shareholder payout.
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  • Apr. 12, 2012, 12:10 AM
    Notable earnings after Thursday's close: GOOG, JBHT
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  • Apr. 11, 2012, 5:35 PM
    Notable earnings after Thursday's close: GOOG, JBHT
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  • Apr. 11, 2012, 4:24 PM
    Comscore reports Google (GOOG) sites led the U.S. explicit core search market in March with 66.4% market share, followed by Microsoft (MSFT) at 15.3% and Yahoo (YHOO) at 13.7%. Ask Network accounted for 3%, followed by AOL with 1.6%. Overall, U.S. search queries were up 4% M/M and 7% Y/Y.
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  • Apr. 11, 2012, 10:44 AM
    Though Google (GOOG) shut down its Chinese search engine 2 years ago, the company's burgeoning display ad business continues to expand in the Middle Kingdom. The latest evidence comes from the Chinese launch of Google's DoubleClick Ad Exchange platform, which it claims will "democratize access to display advertising." A firm estimated in December that Google generates $600M in quarterly ad revenue from China.
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Company Description
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.