Seeking Alpha

Google Inc. (GOOG)

  • Jul. 21, 2011, 1:13 PM
    Motorola Mobility (MMI) shares leap +19% after Carl Icahn urges the company to "explore options" on its patent portfolio, saying there may be "multiple ways" to add shareholder value. Motorola's patent portfolio is substantially larger than Nortel Networks' and includes numerous 4G technology patents with considerable value.
  • Jul. 21, 2011, 10:28 AM
    Jeffries thinks InterDigital's (IDCC +10.7%) patent portfolio, which it believes has about 16% of "essential" 4G LTE patents, could be worth $3B-$10B to Apple (AAPL), due to iPhone royalty savings. Meanwhile, Google (GOOG) needs InterDigital's patents to prevent Android royalties from becoming a "burden" to OEMs. (previously)
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  • Jul. 21, 2011, 8:48 AM
    InterDigital (IDCC) is up another 10.4% in premarket trading as Bloomberg reports that not only Google (GOOG), but also Apple (AAPL) is considering a possible bid for the company and its patent portfolio. InterDigital shares are now up 81% since the company announced on Tuesday it would explore a sale of its assets.
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  • Jul. 20, 2011, 1:06 PM
    InterDigital (IDCC +14.5%) is part of a growing class of companies dubbed "patent trolls," which don’t make products, but make money from licensing patented technology and fighting in court to enforce its patents. Its decision to explore a sale may have been sparked by Google's (GOOG -1.1%) interest after losing out on Nortel's $4.5B patent sale; the two companies reportedly are talking.
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  • Jul. 19, 2011, 3:30 PM
    Several analysts are out with bullish notes on Motorola Mobility (MMI +4.9%), which is down nearly 22% YTD on concerns over Android share losses. Susquehanna is positive on Motorola's Chinese growth; UBS believes its patent portfolio is underappreciated; and ThinkEquity sees the handset business returning to profitability in Q3.
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  • Jul. 15, 2011, 11:32 AM
    Piper Jaffray is far from the only firm praising Google (GOOG +12.1%) following a stellar Q2. JPMorgan gushes over surging international growth, and calls Google "a more focused company" under Larry Page; and Barclays belives the success of non-core businesses is bringing back Google's reputation as a growth stock. (PR) (CC transcript)
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  • Jul. 15, 2011, 9:45 AM
    Google's (GOOG) scorching hot Q2 earnings show that its stock is a bargain hiding in plain sight, Heard On The Street writes. Even with an 11.5% surge in the opening minutes today, Google's shares, when net cash of $107/share is excluded, are trading at only ~16x expected 2011 earnings, and are still below where they started the year.
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  • Jul. 15, 2011, 9:00 AM
    Premarket gainers: HK +63%. GOOG +13%. CLX +11%. VICL +10%. LNG +6%. CHK +6%. MAT +5%. FST +5%. SD +4%. XCO +4%. RENN +4%. EOG +4%. SINA +3%. YOKU +3%. CTIC +3%. BIDU +3%. JVA +3%. C +3%.
    Losers: DCTH -12%. SGEN -7%. QLIK -6%. GEL -4%. RAH -3%.
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  • Jul. 14, 2011, 5:48 PM
    Google's (GOOG) earnings call includes some encouraging mobile division data: daily Android activations are now above 550K; traffic for its AdMob mobile ad network has grown 3.5x in the last year; and 6B Android apps have been downloaded - this holds up well against Apple's (AAPL) 15B App Store downloads, given Apple's head start. Shares +12.1% AH.
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  • Jul. 14, 2011, 5:13 PM
    Google (GOOG) confirms in an upbeat earnings call that Google+ has 10M members since its invite-only launch, and that the "+1" button for recommending sites has been served 2.3B times a day. The company is trying to simplify even as its revenues spread beyond core search to YouTube and mobiles. GOOG +11.5% AH. (earnings beat)
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  • Jul. 14, 2011, 4:38 PM
    Google (GOOG) is now up 11.4% AH following its earnings beat, and other Internet stocks are moving higher in sympathy. YHOO +1.7%. AMZN +1.3%. BIDU +2.4%. EBAY +2.4%. LNKD +1.1%.
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  • Jul. 14, 2011, 4:06 PM
    Google (GOOG): Jumps 10.1% AH on a killer earnings beat. Revenue, ex-traffic acquisition, of $6.92B beat consensus of $6.55B. Sites revenues of $6.23B; networks revenues of $2.48B. Paid clicks up 18% and cost per click up 12%.
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  • Jul. 13, 2011, 9:12 AM
    JPMorgan says internet companies will experience double-digit growth in coming years, as the monetization of new online video content, virtual goods, applications and cloud-based services bolsters the industry. The firm initiates coverage of five Internet stocks: Netflix (NFLX +2.5%), Amazon (AMZN +1.4%) and Google (GOOG) are started at overweight, with Yahoo (YHOO) and eBay (EBAY) at neutral.
  • Jul. 11, 2011, 8:18 AM
    Online business directory and local search provider (LOCM), which shot higher last week following a marketing deal with Google (GOOG), will be acquiring Screamin' Daily Deals for $12.5M in cash, stock, and debt. Shares -1.1% premarket. (PR)
  • Jul. 8, 2011, 7:59 AM
    Morgan Stanley is downgrading Google (GOOG -1.4%) to Equal-Weight from Overweight, and lowering its PT to $600 from $640. The firm's arguments: margins will fall due to rising spending; non-core businesses won't boost near-term growth by much; and the jury's still out on Google's local commerce and social networking moves.
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  • Jul. 7, 2011, 1:55 PM
    After lagging for months, tech bellwethers Apple (AAPL +1.6%) and Google (GOOG +1.9%) have outgained the broader market during the market run-up, indicating that the tech sector could be moving into a leadership role. Dave Kansas sees their rebound as anticipating a round of strong earnings and that the economy’s slow patch is "just a patch."
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Company Description
Google Inc is a web search and online advertising company that offers search, advertising, operating systems and platforms, enterprise and hardware products.