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Google Inc. (GOOG)

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  • Apr. 16, 2013, 10:00 AM
    The 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)
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  • 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.
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  • 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%.
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  • 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."
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  • Mar. 5, 2013, 10:42 AM
    The Google Express (GOOG +1.8%) refuses to slow down: shares are outperforming/making new highs again today as Jefferies becomes the latest firm to slap a $1,000 PT on the search giant. The firm cites some of the usual reasons: YouTube, improving mobile ad prices, and e-commerce initiatives. (Bernstein) (CLSA)
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  • Feb. 26, 2013, 1:24 PM
    The DoD will open its networks to iOS (AAPL) and Android (GOOG) devices in Feb. 2014, as part of an effort to develop a "platform agnostic" device policy. That's a negative for BlackBerry (BBRY -3.7%), which currently accounts for 470K of the 600K mobile devices deployed by the DoD, and could be contributing to today's weakness. The DoD, which issued security guidelines for iOS/Android gear last year, adds it's looking to support BB10. (Home Depot)
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  • Feb. 14, 2013, 2:37 PM
    Tiger Global still owned nearly 10% of Groupon (GRPN - previous) at the end of Q4, the money manager discloses in its latest 13F. However, Tiger liquidated its sizable positions in LinkedIn (LNKD - 2M shares), Facebook (FB -11.8M shares), and Google (GOOG - 698K shares). A 1M-share position was established in First Solar (FSLR), a 525K-share position in Workday (WDAY), a 3.8M-share position in YY (YY +4.5% - spiking higher) , and a 1.5M-share position in Motorola Solutions (MSI).
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  • Feb. 13, 2013, 12:29 PM
    ChannelAdvisor's January data could be helping Amazon (AMZN +2.8%) rally: the firm's clients saw a 34.3% Y/Y increase in Amazon same-store sales, up from 29.8% in December. eBay's (EBAY +0.2%) growth came in at 18.8%, down from December's 22.2%. In a positive for Google (GOOG +0.1%), search ad-driven sales grew 1% after falling 18% in December thanks to a migration to Google Shopping. Shopping engine sales (inc. Google Shopping) rose 7.9%, down from December's 15.5%. SA contributor Paulo Santos, a long-time Amazon bear, argues Amazon benefited from favorable comps.
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  • Feb. 8, 2013, 5:54 PM
    Ruckus Wireless (RKUS +16.7%) soared over the course of the day after Motorola Mobility (GOOG) disclosed a 4M-share (5.4%) stake in the service provider Wi-Fi hardware maker. Does Google, a major backer of public Wi-Fi networks, have a partnership in mind? (13G) Update: The disclosure is for an investment made by Motorola prior to Ruckus' IPO.
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  • Feb. 6, 2013, 5:37 PM
    Yahoo (YHOO) +2.3% AH after announcing a non-exclusive display ad deal with Google (GOOG). Targeted Google AdSense Web ads and AdMob mobile ads will be shown on Yahoo properties; Yahoo (given its size) will presumably get a more favorable revenue cut than most Google partners. The deal is a major feather in Google's cap - its display ad ops have been growing quickly, but face tough competition from Facebook and others - and should strengthen its mobile ad leadership. Yahoo search partner Microsoft (MSFT) can't be pleased.
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  • Feb. 6, 2013, 9:23 AM
    Google (GOOG) has acquired Channel Intelligence, a provider of services that enable and track e-commerce activity for online retailers/marketers, from ICG (ICGE) for $125M in cash. Google Shopping services are a big part of CI's offerings. The deal expands Google's arsenal of services for lucrative e-commerce ad buyers, and does so at a time when the company is both trying to navigate a shift in marketing activity from Google Search to Google Shopping, and facing growing competition from Amazon (AMZN). ICGE +6.3%.
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  • Feb. 1, 2013, 1:10 PM
    Ten days after delivering a Q4 EPS beat, Google (GOOG +2.4%) temporarily made a new all-time high of $774.92. That number eclipsed an October peak of $774.38, which came before shares tanked thanks to a memorable Q3 report. Google currently trades at 13.7x 2013E EPS (exc. cash).
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  • Jan. 31, 2013, 11:38 AM
    Priceline (PCLN -2.4%) and Expedia (EXPE -1.6%) slide after Morgan Stanley's Scott Devitt downgrades Priceline to Equalweight. Devitt sees Priceline posting a bookings CAGR of 19% over the next 3 years (down from 46% over the last 3) and also expects EBITDA margin to fall by 220 bps over this time. Tougher European competition from Expedia, Google's (GOOG) online travel efforts, rising travel search ad costs (good for Google), and a shift to mobile bookings (Priceline is better at monetizing PC activity) are also concerns.
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  • Jan. 23, 2013, 9:10 AM
    Premarket gainers: MAPP +59%. TELK +23%. CREE +14%. ISRG +9%. RFMD +6%. ACAD +6%. GOOG +5%.
    Losers: COH -17%. MCP -14%. NMRX -14%. STSI -11%. BNNY -8%. GD -5%
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  • Jan. 23, 2013, 7:35 AM
    The sell-side moves into gear following Google's (GOOG) earnings last night. Cantor Fitzgerald ups its PT to $900 from $820 - "Q4 results, while noisy, highlight very healthy performances in both Search and Display." Citigroup hikes its 2013 profit estimate to $45.69/share from $43.76, and raises its PT to $830 from $800. Needham: $850 from $825. Shares +5.1% premarket.
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  • Jan. 22, 2013, 5:41 PM
    After-hours top gainers, as of 5:15 p.m.: CREE +15%. ISRG +9%. GOOG +5%. IBM +4%. SNE +2%.
    After-hours top losers: STRI -21%. BNNY -11%. WCC -4%. SNH -3%. IVR -3%.
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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.