GOOG - Sector: Technology - Industry: Computer Services

[setravis]

Time to do a little bottom fishing in Google? 
Target $600-900, stop $430.
I am finding that as soon as the analysts down grade something and it has already dropped, its time to buy. 
They will also upgrade something and it has already run up, its time to short it. 

52wk Range: 437.00 - 747.24
Volume: 9,426,616
Avg Vol (3m): 6,895,120
Market Cap: 147.66B
P/E (ttm): 35.44
EPS (ttm): 13.29

Technicals
Most Actives
Price Loser

Last Price Quote is:
-4.87%below 13-day MA
-15.80%below 50-day MA
RS Rating: 9 

Fundamentals
Key Data:
Market Cap (M): $147,657.90 
P/E Ratio: 35.45 
PEG Ratio: 0.808383 
Next Earnings: 04/17/2008
Last Analyst Rating: Hold

[bjc]

I was thinking the same thing se travis.

Also AAPL?  These stocks still have very impressive growth rates given PE ratios. 

[daiwa]

Google seems to have bullish wedge, how do you like this pattern folks ?

http://just-charts.blogspot.com/

I think there´s reversal coming up.
(those counts are based for elliott wave approach)

-D

[Houlahan]

FYI:
Google at Bear, Stearns & Co. Inc. Media Conference March 10th, 1pm EST

[daiwa]

Thank for information, however, I think we didn´t need BearStearns at this time. Bernanke gave some billions to the market. Plenty of stocks actually had somekind of tradable bottom & technical pattern. Cisco had bull flag, Intel were in horizontal wedge etc.

Honestly I don´t remember when we last time had runaway day like this today.

[setravis]

Deals of the day -- mergers and acquisitions

Google Inc (GOOG) said it has completed the $3.1 billion acquisition of DoubleClick Inc, just hours after receiving antitrust clearance from the European Commission.

[setravis]

Reuters
Google gets DoubleClick, shareholders applaud
Tuesday March 11, 8:16 pm ET
By David Lawsky and Eric Auchard


BRUSSELS/SAN FRANCISCO (Reuters) - Google Inc (NasdaqGS:GOOG - News) won approval on Tuesday from the European Commission of its planned acquisition of DoubleClick Inc and promptly closed the deal, sending its stock 6 percent higher.


The move will allow the Web search and advertising leader to accelerate its move into the market for corporate banner and display ads, where it has little business, and fulfill an expansion plan that has been on hold for a year.

Separately, a New York federal judge capped possible damages media conglomerate Viacom Inc (NYSE:VIA-B - News) can seek in its $1 billion lawsuit alleging Google was negligent allowing pirated programs on its YouTube online video sharing service.

The raft of favorable news, coming on a buoyant day for U.S. stock markets when the Dow Jones index closed up 3.6 percent, countered a string of bad news that has had Wall Street debating whether Google's rapid growth is slowing.

Google shares enjoyed a minor rally, gaining 6.3 percent to $440, as the stock began to reverse a sharp decline since the start of 2008, when it stood near $700.

Shares hit 17-month lows on Monday and remain off 36 percent so far this year after jumping 50 percent in 2007.

The Web search leader has been hampered in moves to expand into the market for corporate brand ads through its 2007 merger with DoubleClick and into the emerging video advertising market through its acquisition of YouTube in 2006.

"Google has kind of languished strategically over the past year," Sanford C. Bernstein analyst Jeffrey Lindsay said. "The strategy for 2007 was really put on ice for quite some time."

"It looks like Google is starting to make headway," the Wall Street analyst said. "They are coming back on something of a roll -- the wait-and-see period is coming to an end."

The EU approval of the $3.1 billion DoubleClick deal came despite objections from rivals and privacy advocates and followed an in-depth investigation by European competition officials. The merger, announced a year ago, was given a go-ahead by U.S. antitrust authorities late last year.

Software giant Microsoft (NasdaqGS:MSFT - News), Internet rival Yahoo (NasdaqGS:YHOO - News) and AT&T Inc (NYSE:T - News), the largest U.S. telephone company, had pressed regulators to block the Google-DoubleClick deal, arguing it gave Google too much power in online ad markets.

Within hours of the European Commission's approval of the DoubleClick deal, Google announced it had sealed the deal.

Google says it has been limited by law from making detailed integration plans with DoubleClick, but by early April it expects to have a plan to cut an unspecified number of jobs in DoubleClick's U.S. operations and, potentially, overseas.

"As with most mergers, there may be reductions in headcount. We expect these to take place in the U.S. and possibly in other regions as well," Google said in a statement.

DoubleClick has 1,500 employees. Google had 16,805 employees at the end of 2007.

LOOKING AHEAD AGAIN

On the legal front, U.S. District Judge Louis Stanton denied a Viacom request to add punitive damages to its suit against Google, saying common law damages cannot be recovered under the Copyright Act.

A Viacom representative said the company had no comment.

The European Commission, the European Union's executive arm, said Google and DoubleClick operate in different parts of the online advertising world and their deal was not a marriage of rivals.

Google attracts nearly two-thirds of Web searches in the United States and dominates the European Web search market with a share upward of 80 percent, according to industry data.

That gives it an edge on the simple ads it sells, which appear on its search pages. DoubleClick deals with fancy display ads that it delivers to many kinds of Web sites.

But last month, a report by Web traffic researcher comScore Inc raised fears among investors that Google may be having trouble converting its search-market leadership into paid advertising, from which it derives 99 percent of its revenue.

Many analysts countered by saying Google management's own moves to improve the effectiveness of ads by paring back the number it delivers on each Web page explain the decline.

Bernstein's Lindsay says investors are now focused on whether comScore's February data for Web search advertising, due out later this month, will show a continued slump or a rebound in the number of advertisements Web visitors viewed.

The Wall Street analyst believes the data will show improvements in Google ad viewership.

"That would confirm that Google has not been damaged by the economic downturn," said Lindsay, who recommends investors buy Google shares because they will outperform the market. He said positive news at this juncture would lead him to change his rating to "strong buy" on the stock.

[BigSully1]

GOOG up $76 or 17% in aftermarket on ER.

[la-onda]

 

[la-onda]

GOOG update:

cheers
O.

[la-onda]

GOOG: Drops -17.42%; Vol +91%; Last 90 Min of Trading
Tuesday , September 30, 2008 16:21ET

During the last 90 minutes of today's session, shares of Google Inc (NasdaqNM: GOOG) demonstrated a strong DOWNWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: GOOG      @13:30 ET        @CLOSE      % CHANGE
----------   -----------   -----------  ------------
PRICE            $413.44       $341.43       -17.42%
VOLUME         5,887,545    11,222,152       +90.61%
#TRADES           36,661        55,429       +51.19%
DAY-HI           $415.50       $489.36           N/A
DAY-LO           $392.32         $0.01       LATE-LO

[setravis]

Thursday, January 20, 2011...

Reported Earnings...GOOG-Google (BEST earnings consensus $8.09)

[setravis]

FTC's antitrust inquiry turns up heat on Google
Google reaches critical juncture as Federal Trade Commission probes into heart of its business
Friday June 24

SAN FRANCISCO (AP) -- Google may be entering a make-or-break phase in its colorful history now that U.S. regulators have opened an investigation into whether the company has been abusing its dominance of Internet search and advertising to stifle competition.

The probe by the Federal Trade Commission, confirmed by the company Friday, will require Google to convince regulators that its closely guarded recipe for search results is designed to give people the best recommendations, not bury links to its rivals.

If you search for a local business, for example, Google might highlight its own listing, from a service called Google Places, instead of one on Yelp, a popular review site and Google competitor.

Requests for directions may turn up Google Maps, and queries for a video might point to the company's own site, YouTube. Or if you type "mortgage" in Google's main search box, the top ad might be for Google Advisor, which lists the lowest interest rates.

The inquiry also is expected to peer into Google's financial engine: the advertising links tied to the subject of each search request. Some of these commercial messages appear, shaded in color, at the top of the results page, while others are stacked in the right-hand column.

Even as Google has expanded into video, mobile phones and television, the text advertising that pops up alongside search results and other Web content generates most of Google's revenue -- an amount expected to exceed $35 billion this year.

Some websites contend Google has rigged its system in a way that drives up the ad prices, even though Google says the rate is determined by bids submitted in an auction. Others say Google purposely blocks their ads from appearing because the company views them as competitive threats. A coalition of Internet travel companies, including Expedia, Hotwire and Kayak, have welcomed the investigation.

The FTC is following the lead of European regulators who launched a similar investigation last November. The Texas attorney general has been looking into Google's business practices, too.

The search engines for Microsoft and Yahoo also sometimes feature their own services in search results. The big difference: Google processes about two-thirds of all search requests in the U.S. and handles an even larger volume of advertising. Microsoft's Bing and Yahoo combined have less than 30 percent of the market.

Danny Sullivan, who follows the industry closely as editor-in-chief of the trade journal Search Engine Land, said what Google is doing is not unlike a newspaper running an ad to promote one of its products.

"From what I have seen so far," he says, "Google doesn't seem to be doing anything wrong."

Melissa Maxman, an antitrust attorney in Washington, said the FTC wouldn't have opened its inquiry unless it thought the complaints were credible.

"There is smoke if not fire," she said.

The FTC's investigation threatens to put Google on the same course as nemesis Microsoft, which was the target of a Justice Department lawsuit that began in the 1990s and dragged into the next decade. That case alleged that Microsoft used its dominant Windows operating system to kill competing software makers.

"It's right out of the same playbook," Maxman said of the FTC's probe into Google.

Although Microsoft thwarted an attempt to break up the company, it was distracted for years, and the company has never been quite the same. The investigation may have made Microsoft more vulnerable to companies such as Google during the late 1990s as the Internet emerged as an important new platform on computers.

Now, Google faces some of the same threats as it tries to figure out how to counter the rising popularity of services such as Facebook.

In an extreme scenario, the FTC's inquiry could be the first step in a long process that ends with Google having to spin off YouTube and some of the other pieces of the empire it has built for 13 years. Although it doesn't have to, the FTC could hand its case off to the Justice Department, as it did in the Microsoft inquiry.

"Inevitably, if we get to the point where Google is found to have abused its power, we are going to be talking about divestiture because divestitures are always a better way to go than trying to regulate something like this," said Gary Reback, an antitrust lawyer in Silicon Valley who is representing some of the companies complaining about Google's practices.

Other antitrust attorneys think the investigation could result in less radical solutions, such as prohibiting Google from featuring its own services at the top of its search results. Google could also agree to periodic audits of how it programs its search engine, much as did earlier this year in a settlement of an FTC investigation into its privacy practices.

Google is expected to put up a fierce fight. The investigation is aimed at the heart of its business, its formula for ranking the quality of websites and ads, which has evolved since Google co-founders Larry Page and Sergey Brin began working on it at Stanford University. The company views the recommendations that it produces as a matter of opinion protected by the First Amendment.

"It's still unclear exactly what the FTC's concerns are, but we're clear about where we stand," one of Google's top search engineers, Amit Singhal, wrote Friday on the company's blog. "Since the beginning, we have been guided by the idea that, if we focus on the user, all else will follow."

Google has been preparing for this battle since it was almost sued by the Justice Department over a proposed Internet search partnership two and a half years ago. The Justice Department drew up a complaint alleging Google had built a monopoly in Internet search, but never filed it because Google scuttled its agreement with Yahoo to avoid going to court.

Google has been under increasing government scrutiny since then. It has prevailed in the key confrontations and won regulatory approval for several key acquisitions, including its $3.2 billion purchase of online ad service DoubleClick in 2008, last year's $681 million purchase of mobile ad service AdMob and a $700 million purchase of airline fare tracker ITA Software in April.

To prove Google abused its dominance, regulators will have to get it to turn over sensitive documents that it has resisted sharing in the past. And Google probably won't be shy about fighting for the right to adjust its search formula to deliver more useful results to its audience.

The company says it needs to fine-tune search results to weed out the sites that try to game its system and win a high ranking even though they have little to do with whatever a person was searching for.

[setravis]

Has the dust to settled ?

Recent CandleStick Analysis
Neutral
Date              Candle
Jun-20-2011    DOJI 


Day's Range: 473.02 - 480.75
52wk Range: 433.63 - 642.96
Volume: 3,806,587
Avg Vol (3m): 2,707,620
Market Cap: 153.03B
P/E (ttm): 18.44
EPS (ttm): 25.75
Div & Yield: N/A (N/A)

Technicals
Price Loser

Last Price Quote is:
-4.04%below 13-day EMA
-9.19%below 50-day EMA
RS Rating: 18