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Google Inc. (GOOG)

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  • 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.
  • Nov. 6, 2012, 1:50 PM
    Vringo (VRNG) has won its patent suit against Google (GOOG). The company has been awarded $30M in damages and a royalty on Google search ad revenue through 2016, when Vringo's patent expires - some reports indicate the royalty rate is 3.5%. Google will almost certainly appeal. Vringo shares remain halted.
  • Oct. 25, 2012, 1:48 PM
    Volatile Vringo (VRNG +9.7%) is jumping as its trial with Google continues. Yesterday, jurors were asked to discard (at Vringo's request) cross-examination testimony from a Vringo witness regarding a patent licensing deal between Disney and Google. In a "mid-trial report" offered yesterday evening, SA's Steve Kim argued Vringo has established a prima facie case for infringement, following the testimony of a liability expert, while cautioning Google is set to bring out its own experts.
  • Oct. 18, 2012, 3:39 PM
    Google (GOOG) has resumed trading after releasing an official Q3 report that largely matches its draft report. Shares are down 7.5%, a little above the levels they were at when shares were halted. Citi's Mark Mahaney, who was singing Google's praises last month, calls the report "negatral," and isn't happy with Motorola's performance. Piper notes revenue derived from Google-owned sites was up just 2.5% Q/Q after rising 8% the last two years. (more)
  • Oct. 18, 2012, 1:32 PM
    Google (GOOG -9%) says printing firm R.R. Donnelley (RRD -2.8%) filed a draft of its weak Q3 report without authorization. Google adds it will deliver a finalized report, after which shares will resume trading. Meanwhile, Horace Dediu observes Motorola's phone sales fell 26% Y/Y, and Cory Johnson notes Google's cost per click (search ad price) trend isn't a pretty sight. One-liners are flying on Twitter (I, II, III) over the report, and a "pending" Larry Page quote. Update: Google says it expects to resume trading before the market's close.
  • Oct. 18, 2012, 12:40 PM
    Google's (GOOG -8.4%) Q3 results are out early, and they missed estimates. EPS of $9.03 missed by $1.62, and revenue of $11.33B (+51% Y/Y, boosted by Motorola acquisition) missed by $530M. Shares are diving.
  • Oct. 4, 2012, 1:14 PM
    Vringo (VRNG +24.4%) takes off for the second day in a row following the denial of Google's (GOOG) request for a summary judgment on Vringo's patent suit against the search giant - shares are now up 72% over the last 2 days. Steve Kim, a lawyer and SA author, argues today the fact that court-ordered Oct. 9 settlement talks will take place immediately after a judge hears a Vringo motion for sanctions against Google could give Vringo leverage. (earlier)
  • Oct. 3, 2012, 12:59 PM
    Vringo (VRNG +33%) skyrockets after the judge overseeing the company's legal battle with Google (GOOG) denies Google's request for a summary judgment, and orders the companies to engage in settlement talks on Oct. 9. Barring a settlement, a trial is set to begin on Oct. 16. Many SA writers have been discussing Vringo/Google in recent weeks.
  • Sep. 27, 2012, 7:08 PM
    Vringo (VRNG -7.2%) closed lower today on news the USPTO has received a request by Google (GOOG) to re-examine the search result/ad ranking patent Vringo is suing the company over. Vringo responded with a PR declaring the USPTO's action "an initial step in a process that ordinarily takes several years," and predicting it won't delay Vringo's trial with Google, set to begin on Oct. 16. Vringo also filed its opposition today to a Google motion for a summary judgement ahead of the trial (previous).
  • Sep. 24, 2012, 12:15 PM
    The tech sector may be selling off in sympathy with Apple and Facebook, but Google (GOOG +1.5%) is making new highs yet again (previous) following a bullish report from Citi's Mark Mahaney. Mahaney says his Q3 search ad checks are reasonably positive, and (importantly, given recent trends) predicts Google will benefit from improving ad click prices.
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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.