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Google Inc. (GOOG)

  • 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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  • Jan. 22, 2013, 4:06 PM
    Google (GOOG): Q4 EPS of $10.65 beats by $0.13. Revenue (exc. traffic acquisition costs) of $11.34B (+39% Y/Y, boosted by Motorola) misses by $1.12B. Shares +3% AH. (PR)
  • Jan. 15, 2013, 1:57 PM
    Yelp (YELP -6.9%) has sold off as Facebook (FB -2%) shows off Graph Search; investors seem to to be fretting Yelp traffic will be hurt as Facebook's tool is used to search for businesses a user's "friends" have visited/liked. However, Graph Search is far from a direct rival. Google (GOOG -0.2%) has slipped a little after Mark Zuckerberg notes Bing (MSFT) will be a fallback option for searches. Zuck: "Graph Search is a really big project that will take years and years to index the whole map and the graph" (live blog)
  • Jan. 10, 2013, 1:35 PM
    It looks as if the EC is taking a tougher stance on Google (GOOG) than the FTC: EU antitrust chief Joaquin Almunia says Google will have to change the presentation of its search results in Europe to eliminate the alleged preferential treatment given to its services, or else face antitrust charges. Last week, the FTC let Google off the hook with regards to this charge, arguing the integration of such content improved the quality of Google Search. Yelp (YELP +4.9%) could be getting a boost from the news.
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  • Dec. 20, 2012, 12:40 AM
    Arris (ARRS) finished AH trading up 16.9%, and Google (GOOG) down 0.4%, following the Motorola Home deal. In a call discussing the deal, Arris claimed Google has agreed to cap Arris' liability in TiVo's patent suit against Motorola to "a very small number." Many think the total liability could be enormous (I, II). Long-term, Arris/Motorola should be a formidable rival to Cisco's (CSCO) Scientific Atlanta, but there's some potential for near-term share loss as integration issues are dealt with and customers try to re-diversify their sources.
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  • Dec. 18, 2012, 1:28 PM
    Even as many fret about mobile monetization, eMarketer is hiking its 2012 U.S. mobile ad sales forecast to $3.84B from a prior $2.61B. Also, its 2013 and 2014 forecasts now stand at $6.97B and $10.94B. That could be lifting Millennial Media (MM +5.7%), whose 2013 and 2014 estimates are now at $138M and $199M, and Pandora (P +4.3%), which is at $347M and $496M. Market leader Google's (GOOG) U.S. sales are now expected to total $2.17B in 2012, $3.98B in 2013, and $6.33B in 2014. For Facebook (FB), the numbers are $339M, $851M, and $1.22B. (previous)
  • Dec. 10, 2012, 11:53 AM
    Priceline (PCLN -4.7%) and Expedia (EXPE -3.5%) are off after Deutsche downgrades Priceline to Hold on a belief a margin-compressing "Cold War" will break out in European online travel. The culprits: Expedia's growing efforts to acquire customers following an improvement in conversion rates; a declining amount of travel-related Google (GOOG) PC ad clicks thanks to the mobile shift; and the possibility Google will make a stronger travel search push once its regulatory issues are handled.
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  • Dec. 7, 2012, 4:16 PM
    Groupon (GRPN +22.8%) ended up staging a monumental rally/short-squeeze today, and it looks as if Google (GOOG) acquisition rumors were the trigger. Google famously made a $6B offer for Groupon a year before it went public; even after today's move, the company is presently worth just $3.1B. But Groupon's prospects aren't looking as rosy as they used to. Volume was nearly 3x the daily average. (previous)
  • Dec. 7, 2012, 2:07 PM
    Yandex (YNDX +4.5%) has staged a nice rally over the last 3 days: the Russian search leader is up 11% from Tuesday's close. Unlike many international peers, Yandex has been quite successful at fending off Google (GOOG): pegs Yandex's local search share at 60.3%, close to a multi-year high and well above Google's 26.6%.
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  • Dec. 6, 2012, 4:06 PM
    TiVo (TIVO +3.6%) has closed higher with the help of another positive note from Janney's Tony Wilbe, who suggests Google (GOOG) could acquire the DVR maker (market cap of $1.48B) rather than have its Motorola Mobility unit pay an enormous settlement. Wilbe argues the legal interpretations made for patents in TiVo's suit will make it very hard for Motorola to win, and estimates Motorola would have to pay $720M in damages if TiVo received $0.50/unit in damages for set-tops shipped over a 6-year period. (previous)
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  • Nov. 28, 2012, 10:01 AM
    Envivio (ENVI +12.3%) is getting a much-needed rally after announcing its encoding software has been deployed by LG's service provider arm to help power a Google TV-based (GOOG) video service in South Korea. But shares still remain down 80% from an IPO price of $9, thanks to a torrent of bad earnings news. (PR)
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  • Nov. 27, 2012, 9:53 AM
    Immersion (IMMR +24.5%) is taking off after announcing it has settled its patent dispute with Motorola Mobility (GOOG). Immersion will be compensated for past shipments of Motorola devices containing basic haptic feedback tech, and a licensing deal has been reached for future shipments (terms are undisclosed). Investors are likely betting the settlement will pave the way for additional deals.
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  • Nov. 6, 2012, 2:50 PM
    Vringo (VRNG -1%) has resumed trading following its legal win (I, II) against Google, which featured a smaller damage award than some were hoping for. Shares are volatile once again, spiking above and below breakeven. In a PR detailing the verdict, Vringo notes prior art arguments were rejected, and that a "running royalty" of 3.5% on Google AdWords revenue (subject to a judge's review) has been recommended.
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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.