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GOOG Up With Markets
Stocks are up in early trading on China’s rate cut and Bernanke’s monetary policy speech to the Senate. Shares of GOOG are up with the rest of tech. Investors continue look for Android momentum on smartphones and tablets and monetization and integration of Motorola; regaining ground in China; the resurgence of Google TV; continued growth of YouTube; expansion of social network Google+; and progress in other initiatives (location-based services, mapping, Google Wallet, Google Music, etc.). The stock trades at approximately 10.4x Enterprise Value / EBIT.
Google Is Waging War On Microsoft With Acquisition Of Quickoffice (ZDNet)
Google’s acquisition of Quickoffice may give the company a needed competitive hedge against Office 15 on Windows tablets and possibly iOS and Android devices. Google Docs has made some inroads against Microsoft Office, but not nearly enough. That’s no doubt a big reason for the acquisition. Now the question becomes will the cross-mobile-platform productivity suite Quickoffice give Google a better leg up against Microsoft’s Office? Quickoffice runs on iPhones, iPad, Android, Android tablets and Symbian devices. So, there’s that.
EXCLUSIVE: Google’s First Android Tablet Expected This Month (Business Insider)
Google is expected to announce its first Android tablet at the end of the month, according to a source with knowledge of the company’s plans. The new tablet will also offer magazine subscriptions from some major magazine publishers, our source says. It’ll likely be a similar model Apple and Amazon use for magazine subscriptions on the iPad and Kindle Fire. Google recently opened up in-app subscriptions for Android apps. While our source couldn’t confirm this is the long-rumoured 7-inch “Nexus” tablet from Asus, we’re guessing that’s the case.
Android’s Smartphone Market Share Likely to Peak This Year (IDC via PC World)
Android will still be the king of smartphone operating systems in four years, but its market share will erode as Windows Phone takes off, according to IDC. By the end of 2012, Android’s smartphone market share will be 61%, but by 2016 its share will have dropped to 52.9%. Also, the continued success of Android will increasingly depend on Samsung. Despite a slow start, Microsoft’s Windows Phone will be the second most popular smartphone OS by 2016. Android is losing the platform war.
Since Facebook’s IPO Disaster, Twitter Now Cheaper For Google To Buy (Business Insider)
Thanks to the fallout from the Facebook IPO, it’s starting to feel like Google might finally acquire Twitter in the next many months. First there was our report from last week how Google’s M&A team seriously regrets not buying Twitter “when it could.” For the same report, a source close to Twitter told us: “It still can.” So, there’s interest on both sides. That’s 99% of the battle. The last 1% is price. Well, thanks to Facebook, Twitter is getting cheaper as the stock price craters in the private markets.
Google Unveils New Mapping Features As Apple Turns Against It (Various via Scoople)
Terrified of new competition from former ally Apple, Google unveiled plans to offer 3D maps of major cities and other new features for the Google Maps and Google Earth services. Specifically, the company is deploying a fleet of small, camera-equipped aeroplanes above several cities to create a photo-based map of the world. Additionally, offline maps are coming to Android. For more details, check out the Business Insider live blog from the event. Just a warning, it was a boring presentation.
More Reports That Google+ Is Hardly A Ghost Town (Inc.)
According to tech pundit Robert Scoble, you should really be on Google+. If you’re one of the many who’s thought the exact opposite, here’s why you shouldn’t discount the Google+ community. Google+ and Facebook, at least at this point, aren’t drawing the same kinds of users. On Google+ you’ll likely connect with strangers, many of whom are tech-savvy men. Additionally, Hangouts On Air, is a great way to engage because it lets you broadcast.
Google Agrees To Acquire Meebo (Various via Scoople)
Do you think acquisitions will help Google grow Google+ more quickly? Google announced that it has purchased Meebo, the social media and advertising company, to add a team of engineers and some publisher-friendly social tools to its Google+ efforts. The company has been around since 2005 and first began as a messaging program that allowed users on different instant messaging clients to send each other cross-platform chats. rumour puts the acquisition price at roughly $100 million.