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GOOG Sinks As Market Falls
U.S. stocks are lower today after equities hit 13-month lows as investors continue to worry about a major banking crisis in Europe. Shares of GOOG are dropping as well, while the rest of tech is bouncing back. Catalysts include third quarter earnings announcement Thursday, October 13, 2011 at 4:30 p.m. ET; continued Android momentum in the smartphone and tablet markets worldwide; Motorola acquisition approval and integration; regaining ground in China in search and pushing forward in mobile; any signs of life for Google TV (including Motorola); the roll-out of Google Music and social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, Chromebooks, etc.). The stock trades at approximately 10.2x Enterprise Value / EBIT, inexpensive relative to historical trading levels.Here Comes Original Video Content From Google (VentureBeat)
Google has placed more than $100 million aside for original YouTube programming, including a major deal with retired skateboarding legend Tony Hawk and talks with Time Warner and News Corp. Google wants to advance the reach of YouTube by adding original programming to its already popular mix of user-generated and professionally made videos. Google is reportedly one of the highest bidders for streaming service Hulu, indicating Google’s interest in offering programming. Something needs to kick-start Google TV.
Chrome For Android Coming Soon (ComputerWorld)
One of the biggest mysteries of Android is why Google’s Chrome browser isn’t integrated into the platform. The Android Web browser isn’t branded as Chrome and it doesn’t even act or appear much like its desktop counterpart. That situation may soon change. Google has made it clear that Ice Cream Sandwich will be based off of Honeycomb which includes a beefed-up browser with support for on-screen tabs, form auto-fill, private browsing, and integrated Chrome bookmark syncing. Having the Chrome browser in Android could provide some interesting performance advantages as well as better unity and synchronisation between Google’s desktop and mobile browsers.
Mayer Thought Google Had A 2% Chance At Success (Fortune)
That paid off. Marissa Mayer, vice president of Google, joined a discussion panel that kicked off Fortune’s Most Powerful Women Summit. When becoming the first female engineer to join Google, she believed that the company had a 98% chance of failing. The key to success is often failure. “It’s totally fine to fail, you just have to fail fast,” Mayer says. Google focuses about 70% of its time on its core business, 20% of its time on related businesses, which leaves the remaining 10% of its efforts on far-flung ideas. The key is to avoid investing too much time and resources into any idea before it’s proven to be successful.
Android Activations Should Be Approaching 1M Per Day (The Understatement)
At the end of June, Android boss Andy Rubin said, “There are now over 500,000 Android devices activated every day, and it’s growing at 4.4% week over week.” By that measure, there should now be over 900,000 Android activations per day. October 20th should be the first day Google crosses the impressive milestone of 1 million activations in a single day.
Make No Mistake, Google Is Coming After Apple (Business Insider)
Still don’t believe Google’s going after Apple? It already has the most popular smartphone platform in the world. With the purchase of Motorola, it will have a credible hardware arm. And now, it’s opened its first retail outlet in England. It’s called the Chrome Zone and is just an experiment for now. But that’s exactly how Microsoft’s retail business got started. Google doesn’t have enough products to sell to justify its own line of retail stores. Yet. But by the time it does, look for a gleaming chain of Google Stores to sell whatever it comes up with.