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GOOG Sliding With Market
Stocks are tanking on disappointing results from Exxon and low consumer confidence for January. Shares of GOOG are sliding to the flat line as the NASDAQ trades in the negative. Investors continue to look for Android momentum in the smartphone and tablet markets worldwide; Motorola acquisition approval and 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 11.1x Enterprise Value / EBIT.Android Falls Out Of favour As Holiday Shoppers Chose The iPhone (BusinessWeek)
Samsung was the only smartphone maker partnering with Google that found holiday cheer competing against the iPhone. Apple and Samsung together sold more than 70 million smartphones in the fourth quarter; Apple at 37 million and Samsung the remainder. It certainly flies in the face of investor fears that the rising popularity of devices running Android is a long-term threat to Apple’s market-leading profit margins.
Motorola Sells Only 1 Million Tablets All Year (AppleInsider)
Motorola’s fiscal year ended on a sour note with poor tablet and smartphone sales leading to a fourth quarter 2011 loss of $80 million, which was further exacerbated by merger costs associated with a planned Google takeover. Year-over-year revenue increased to $3.4 billion in 2011, however the fourth quarter saw a precipitous decline in earnings compared to 2010. And the company sold only 200,000 tablets in the last quarter, bringing the yearly total to one million. In comparison, Apple sold over 15 million iPads.
Kindle Fire Edges Past The Galaxy Tab As Most Used Android Tablet (GigaOM)
Amazon’s Kindle Fire in just a couple months has barely edged passed the Samsung Galaxy Tab as the most used Android tablet, according to analytics firm Flurry. This is despite the fact that the Kindle Fire only hit the market in mid-November. The numbers, pulled from application sessions, compare usage in November and January. The Kindle Fire represented just 3% of usage in November, when the Tab ruled with 63%. In just two months, the Tab slipped to 35.6%, a hair below the Fire at 45.7%.
Google Adding 1,000 Employees In Ireland, Increasing Total Headcount By 3% (studenty_Dublin)
Google plans to hire 1,000 more staff in its EMEA headquarters in Dublin, Ireland taking numbers to over 3,000. That’s a 3% increase in total headcount, and a 50% increase in the region. Last week Dublin City Council approved Google’s plans to upgrade its properties on Barrow Street, allowing the company to proceed with it’s plans to increase it’s headcount in Dublin. Google is renaming its building Google Docks and will add a swimming pool, gym and climbing wall, as well as further office accommodation. Nice.
Google Bought 79 Companies For $1.3 Billion Last Year (Business Insider)
Google spent about $1.3 billion to buy 79 companies last year, according to its annual financial filing. That’s almost twice as many as the 48 acquisitions it made in 2010. That counts only acquisitions that were completed during the year. So the $676 million buy of travel information service ITA counts, even though it was announced in July 2010. And the massive $12.5 billion buy of Motorola, which was announced last August, isn’t in there because it hasn’t closed yet. The company states that it will continue to eat up smaller companies.