GOOG Down In Flat Market
Markets are trading sideways near the flatline on disappointing earnings from
Pfizer. The Nasdaq is in the negative, and shares of Google are also off a third of a percent. Upcoming catalysts include continued
Android momentum; regaining ground in China and pushing into other emerging markets; updated software, adoption and media partners for
Google TV (see below); and progress in other newer initiatives (
+1, location-based services, music-service, mapping, gaming, etc.). The stock trades at approximately
12x Enterprise Value / EBIT, inexpensive relative to peers and historical trading levels.
Logitech's Google TV Sales Tank (GigaOm) Logitech had a rough fourth fiscal quarter. And the company’s
Google TV business not exactly helping to turn things around. Logitech’s Revue Google TV set-top box and periphery devices only generated about $5 million in sales in the last quarter. That’s far below expectations. Logitech had estimated to sell $18 million in the fiscal fourth quarter, that's a 70% miss. Tanking Google TV sales were also reflected by a 28% rise in inventory.
Read » Google Readies Next Version Of Google TV (Business Insider) The first version of Google TV may be a dud, but the company is working on the next version and could show it off at its I/O conference next month. An industry source says the next version of Google TV has a lot more potential than today's version for three main reasons:
- Performance: It will use a faster chip set.
- Better user experience: Which shouldn't be hard.
- Android apps. Google has already said it will soon be possible to run Android apps on Google TV.
History suggests that Google will have an uphill battle getting consumers to add an extra device to their TV just to get more interactivity.
Read » YouTube Creating More Original, Polished Content (Mashable) Because a few acquisitions weren't enough,
YouTube announced 45 members will be inducted into
YouTube NextUp and the YouTube Creator Institute, efforts to add even more polish to its content. YouTube will train these members to be even more successful video bloggers, a move that will help build out the site's store of non-cat-video-based entertainment.
Read » Google Is The FTC's New Whipping Boy (Bloomberg) The Federal Trade Commission is calling up Google's rivals telling them to assemble a dossier on the company's dominance of the search market for an investigation. And they aren't kidding. The agency told the companies that it plans to issue civil investigative demands for the information. Reminiscent of
Microsoft at the turn of the century.
Read » 
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