Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Jack Shafer
Breakingviews
David Rohde
Bernd Debusmann
Gregg Easterbrook
Nader Mousavizadeh
James Saft
David Cay Johnston
Edward Hadas
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
John Wasik
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Video
Editor's Choice
Euro zone crisis dominates G20 Paris meeting
Wall Street sit-in goes global Saturday
Fans queue for Steve Jobs' last iPhone
Soros: not a funder of Wall Street protests
Russia's Medvedev embarks on risky career path
Rating cut puts Spain back on crisis radar
Wisconsin clash spotlights labor-management rift
Wal-Mart moms - The election pollsters' new favorites
Slideshow: "Rage" against Wall Street
Video: Save $60k in 30 minutes
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Retail sales rise as consumer sentiment slips
10:46am EDT
Problems plague Apple iCloud, iOS launch
13 Oct 2011
Wall Street sit-in goes global Saturday
|
11:41am EDT
Gaddafi gunmen, government forces clash in Libyan capital
|
11:52am EDT
Russia quake halts Transneft oil shipments to China
4:52am EDT
Discussed
241
Who’s behind the Wall St. protests?
171
California governor signs controversial ”Dream Act”
144
Alabama immigration law decried, applauded as some flee state
Watched
Japanese airline, ANA, apologises for plane flip
Fri, Sep 30 2011
Rihanna's "inappropriate" outfit halts music video
Tue, Sep 27 2011
China : what is a "hard landing"?
Sun, Oct 9 2011
Google jumps as investors cheer mobile growth
Tweet
Share this
Email
Print
Related News
UPDATE 8-Fans queue for iPhone, despite criticism
9:55am EDT
Google to gain from growing mobile focus: analysts
8:59am EDT
Google's Q3 eases fears over ad market, costs
Thu, Oct 13 2011
Mobile plans and economy to shade Google earnings
Tue, Oct 11 2011
Samsung delays new Android model release after Jobs's death
Mon, Oct 10 2011
Analysis & Opinion
Tech wrap: Google profit expectations eat dust
Tech wrap: Apple’s iOS 5 debuts
Related Topics
Technology »
Media »
Related Video
Google profits soar, dip at JPMorgan
Thu, Oct 13 2011
A photo of the Google Inc. logo is shown on a computer screen in San Francisco, California July 16, 2009.
Credit: Reuters/Robert Galbraith
Fri Oct 14, 2011 10:59am EDT
(Reuters) - Shares of Google Inc jumped over 7 percent on Friday, a day after the internet search giant said robust growth at its mobile business and a strong emerging market lifted its third quarter, allaying worries that a slowing Europe was hurting business.
The strong mobile revenue underscores the importance of Google's Android mobile software -- already the world's most-used smartphone platform -- and supports the rationale for its Motorola Mobility Holdings deal, analysts said.
In August, Google said it will acquire Motorola Mobility for $12.5 billion. The deal will give Google access to one of the largest patent libraries in the wireless industry as well as hardware manufacturing operations that will allow it to develop its own line of smartphones. [nL3E7JF1LD]
The company is plowing money into its fast-growing mobile business which competes with iPhone-maker Apple. Google's Android mobile software now powers 190 million devices, up from 135 million in mid-July.
"While Google is large and well-followed, we still see the company as an underappreciated mobile play," BofA Merrill Lynch analyst Justin Post said in a research note.
"We see Google as a 15 percent grower, warranting a premium valuation to the large cap technology sector."
However, Post -- an analyst with a five-star rating, according to Starmine data for the accuracy of his earnings estimates on the company -- cut his price target to $720 from $740 citing the complex Motorola buy as a near-term overhang.
Some investors worry that a move to build its own phones could jeopardize support for Google's free Android mobile software from other phone manufacturers such as Samsung Electronics and HTC Corp
Many other brokerages raised their price targets on the company, some by as much as 10 percent.
Collins Stewart raised its price target on the stock to $795 from $725 -- 42 percent higher than its current levels.
The increasing usage of tablets in a manner more similar to PCs than phones is driving more queries and paid clicks to Google, JP Morgan said in a note.
"We expect this trend to continue, and for Google to be the primary beneficiary as it likely has 90 percent plus share of mobile search -- even higher than on the desktop," it said.
According to Thomson Reuters StarMine data, 13 analysts rate Google a "strong buy," 20 rate the stock a "buy" and four others rate it a "hold," with a mean price target of $716.17.
Google's Frankfurt-listed shares were trading up 7 percent, while its Nasdaq-listed stock rose to $599.60 in morning trade.
(Reporting by Sayantani Ghosh, Tenzin Pema and Rachana Khanzode in Bangalore; Editing by Roshni Menon and Don Sebastian)
Technology
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.