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GOOG Up As Market Rises
Markets are up on optimism surrounding Greece as well as consumers are beginning to feel good about the economy. Investors continue look for Android momentum in the smartphone and tablet markets worldwide, especially with the Motorola acquisition integration; regaining ground in China; resurgence of Google TV; and continued growth of YouTube; expansion of social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, daily deals, Google Wallet, Google Music, etc.). The stock trades at approximately 11.9x Enterprise Value / EBIT.
Google Play Merges Android Market, Google Music, eBookstore (SearchEngineWatch)
Google introduced Google Play, the new cloud-based “digital entertainment destination” for apps, music, movies, and books. It merges three Google entities into one: Android Market, Google Music and the Google eBookstore. This comes as no surprise to the majority of users. Google has been ramping up its direct-to-consumer sales over the past year. Google Play offers more than 450,000 apps, millions of songs, thousands of movies, and tons of books.
Google Cuts Google Cloud Storage Costs In Response To Amazon (PCWorld)
Google cut the cost of Google Cloud Storage, a service geared to enabling developers to store and access massive amounts of data on Google’s infrastructure. The cuts were between 8% and 15% depending on the service tier. This follows Amazon’s Web Services’ 19th price reduction as both companies compete for customers in the software as a service game.
Is Apple Dropping Google Maps In iPhoto For iOS? (Business Insider)
Here’s something very small from Apple that could quickly become very big. iPhoto for iOS isn’t using Google Maps. It’s using a service called OpenStreetMap. While Google Maps are very good, considering the frosty relationship between Apple and Google it’s odd that Apple still relies on Google for such an important iPhone function. If Apple totally controls the Maps on the iPhone, it could, in theory, offer something better than Google making iPhones and iPads better than Android devices. This wouldn’t be the first big company to ditch Google Maps, Foursquare recently dropped Google for OpenStreetMap as well.
Is Google Looking To Sell Motorola’s Set-Top Boxes? (The New York Post)
Google is already looking to sell the set-top box business it will get as part of it’s Motorola acquisition. Sources say Google in in discussions with Qatalyst Partners and Barclays Capital to help it find a suitor for the business. Motorola is one of the world’s two big providers of these boxes, which are used by cable TV companies to deliver service to homes. But it is profitable. Last quarter, the Motorola Home segment (mostly set-top boxes) earned $57 million on net revenue of $897 million.
Googorola Forced To Hand Over Android Development Secrets To Apple (Various via Scoople)
Google and Motorola have been ordered to hand over Android development information to Apple, with a Chicago judge apparently agreeing with Apple that roadmap details along with acquisition info is vital to Apple’s patent lawsuit. The development is a key one for its impact on drawing Google into the patent fight that has until now mostly seen the company staying in the background of the Android-iOS patent disputes.
Apple May Collect $5-15 On Every Android Handset (Business Insider)
Apple has approached Samsung and Motorola to ask for patent licensing fees of $5 to $15 per handset. Apple is not particularly interested in earning money from Android, it mainly wants to make Android more expensive for resellers. This is exactly how Microsoft has been fighting Android for the last couple of years.