With heavy capex and the large barriers to entry that come with it, Google (GOOG) is in some...

|By:, SA News Editor

With heavy capex and the large barriers to entry that come with it, Google (GOOG) is in some ways more like a telco than a media company, says Nomura's Brian Nowack. But that isn't stopping him from starting coverage with a Buy and $750 PT. Nowack is bullish on both online advertising's ability to gain share relative to other ad formats, and Google's ability to gain share within the online ad market.