GOOGLE INC. (GOOG)
SOURCE; NASDAQ
As of August 17, 2011 4:53 am.
August 16, 2011
S&P Cuts Google Rating To Sell
SAN FRANCISCO - Shares of Google Inc. on Tueday fell more than 3% to $538.70. Standard & Poor's Equity Research downgraded the stock's rating to sell from buy, saying the company's planned merger with Motorola Mobility will likely "negatively impact" the tech giant's growth. S&P also said it's "not sure" the acquisition will help Google protect its Android operating system from intellectual property issues. S&P cut its price target to $500 from $700.
SAN FRANCISCO -- Tech stocks rose in early trading Monday in a session highlighted by Google Inc. saying it will acquire Motorola Mobility Holdings Inc. for $12.5 billion in cash. The deal gives Google access to Motorola's portfolio of wireless technology patents and handsets. Motorola shares climbed $13.80, or more than 56%, to $38.30 after the acquisition was announced.
Read more: http://www.foxbusiness.com/2011/08/15/googles-125-bln-motorola-deal-leads-tech-stocks/#ixzz1VFVCPSIg
MOTOROLA MOBILITY HOLDINGS (MMI)
Last Trade
$38.00
SOURCE; NYSE
As of August 17, 2011 4:02 am
Verizon Says Google Deal May Stabilize Patent Fights
Published August 16, 2011
| Dow Jones Newswires
NEW YORK -(Dow Jones)- Verizon Communications Inc. (VZ) said Google Inc.'s (GOOG) $12.5 billion bid for Motorola Mobility Holdings Inc. (MMI) was a welcome development because it may bring "stability" to a recent slate of smartphone patent disputes, though it stopped short of totally endorsing the proposed acquisition. It was the first time a U.S. phone company publicly commented on the blockbuster deal.
"We will be looking with interest as further details of the proposed transaction become clear," said John Thorne, Verizon's senior vice president and deputy general counsel. "But, at first glance, to the extent that this deal might bring some stability to the ongoing smartphone patent disputes, that would be a welcome development."
Read more: http://www.foxbusiness.com/industries/2011/08/16/verizon-says-google-deal-may-stabilize-patent-fights/#ixzz1VFWRtowI
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
No comments:
Post a Comment