Google Expected to Launch Open-Software Phones

[admin]

Ahead of the Bell: Google
Tuesday October 30, 9:22 am ET Google Expected to Launch Open-Software Phones by Next Year, Report Says NEW YORK (AP) -- Google Inc. is likely to announce its strategy for software and services for mobile phones within the next two weeks, the Wall Street Journal reported on Tuesday.The search engine leader plans to make applications and services -- including its search engine, mapping portal, YouTube and Gmail -- available through the devices, according to the newspaper. The phones would also have open software platforms, which would give independent software developers a chance to design their own phone features, the story said.
Google has reportedly sought partnerships with handset makers like Taiwan's HTC Corp. and South Korea's LG Electronics Inc., as well as wireless service providers such as Deutsche Telekom AG's T-Mobile USA.
The Mountain View, Calif., company could not be immediately reached for comment Tuesday morning.

[admin]

Google (goog) is up $18.00 right now (2.6%)

[cluba]

Speaking of Google..

Google Stock Barrels Through $700
Wednesday October 31, 10:10 am ET
By Michael Liedtke, AP Business Writer
Google Stock Price Soars Above $700 for First Time, Making Trip From $600 in Less Than a Month

SAN FRANCISCO (AP) -- Google Inc.'s stock price barreled through $700 for the first time Wednesday, propelled by a belief that the Internet search leader will become even more profitable as it plants its products and services in new markets.

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The Mountain View-based company's shares traded as high as $704.79 in morning trading before falling back to $703.87, up $9.10 for the session. It took less than a month for the stock to leap from $600 to $700, building upon a fervor that has lifted Google's market value by more than 30 percent since mid-September.

During that 6 1/2-week stretch, Google has created an additional $53 billion in shareholder wealth. That dwarves the total $41 billion market value of another Internet icon, Yahoo Inc., which had a 4-year head start on Google.

The latest surge came after Google confirmed plans to become a bigger force in the Internet's social networking scene and amid reports that the company is about to unveil a long-rumored operating system designed for mobile phones so it can make more money by distributing ads to people on the go.

The recent rally has firmly established Google as Silicon Valley's most valuable publicly held company, supplanting Internet networking supplier Cisco Systems Inc. With a market value of nearly $220 billion, Google also is now worth more than Warren Buffett's holding company, Berkshire Hathaway Inc., whose steadfast refusal to split its stock during the past four decades has left its shares at nearly $130,000.

Google co-founders Larry Page and Sergey Brin, who regard Buffett as an inspiration, so far have resisted requested requests to split their company's stock so more people could afford to buy a few shares. Their theory: a high stock price tends to attract more patient and knowledgeable investors who pay closer attention to a company's long-term strategy than its ability to hit short-term earnings targets.

The philosophy has generated impressive returns so far. A $10,000 investment in Google stock's at its August 2004 initial public offering price of $85 would now be worth about $82,000.

Brin and Page, both 34, have been the biggest winners by far, with estimated fortunes exceeding $20 billion apiece. At least two other Google executives, Chairman Eric Schmidt and sales chief Omid Kordestani, are billionaires while hundreds of other employees have become millionaires because of their stock holdings in the 9-year-old company.

Wall Street is betting Google is still in its financial infancy, even though it's already on track for a profit of about $5 billion this year on more than $15 billion in revenue.

The company has made virtually all of its money so far by displaying text-based advertising links alongside search results and other Web content that includes topics related to the commercial message.

During the past year, Google has introduced new online advertising channels featuring video, graphics and other more compelling features while also extending its marketing machine into television, radio and print.

Now, Google appears intent on shaking up the telecommunications industry by introducing inexpensive cell phones that will make it easier for people on the go to use Google's search engine, maps, e-mail and other applications.

If it pans out, the new Google phone presumably will give the company a chance to sell more mobile advertising and further boost its profits.

[Gspot555]

up 22% the last month

[cluba]

It's nut's isn't it? I know me personally, each time I saw it hit a new milestone (200, 300,400, 500 etc etc) I 1) kicked myself in the ass and said why didn't you jump in and 2) asked myself HOW much more can it possibly go up

[poppa pri]

when the fuck are they going to split it...cocksuckers...
up 100points this month alone...

[crazyray™]

I was daytrading the day google opened, and everytime I read a google post, I just think about how I didn't buy at 100

[tribaljunkee]

when they split i think everyone and their mother is gonna buy in.