GOOG Up With Everyone Else Stocks jumped about 1% at the open after the long holiday weekend as the Euro rose against the dollar and commodities prices climbed on optimism that new aid for Greece was on the horizon. Shares of GOOG are up with the rest of the markets. Upcoming catalysts include continued
Android momentum in the smartphone and tablet markets; regaining ground in China; updated software, adoption and media partners for
Google TV; the roll-out of
Google Music; and progress in other newer initiatives (
+1, location-based services, mapping, gaming, etc.). The stock trades at approximately
12x Enterprise Value / EBIT, inexpensive relative to peers and historical trading levels.
New Android-Based Tablets To Be Unveiled In Taipei Trade Show This Week (Bloomberg) Google's attempt to loosen
Apple’s grip on tablet market will be put to the test this week as PC manufacturers unveil new models at the Computex trade show in Taipei. Investors and analysts will be looking to see if Google’s Android operating system as well as new hardware can match the popularity of the iPad. Both
Acer and Asustek are slated to demo new Android-based tablets.
Read » Skepticism For Google Wallet Continues (eWeek) Google unveiled the long-awaited Google Wallet, a service that allows users to pay for purchases with an Android-based smartphone. The service formed with
Citgroup, MasterCard and
Sprint, is an ambitious plan to get consumers to leave their physical billfolds at home and use their Android smartphones as their payment gateway at several retailers. The concept is simple enough despite the fact that Google hurdled several technology and political barriers with its partners, but will mainstream consumers change their habits or will this be a techie thing?
Read » Google Upgrades Travel Search By Adding Search Display Of Flight Schedules (Engadget) By simply typing "flights from to" a destination in Google, the search engine displays specific flight routes or all routes from a particular airport, all of the airlines serving the locales along with flight numbers, and travel dates times. The ITA travel search software which the DOJ finally allowed Google to purchase last month isn't powering the feature, although Google stated that the flight schedule search is a "small step" in an overall effort to make finding flight information simpler.
Read more at Business Insider.
Read » Google Ready To Take On Groupon And Living Social (Seeking Alpha) With the introduction of Google Offers, Google is entering the highly lucrative space of discount offer deals and coupons a la
Groupon and LivingSocial. Google Offers will take it up a notch with Google Wallet and then some. The entire process will be 100% seamless. Any discount offers purchased, or gift certificates redeemed will be automatically deducted from the bill when payment is made. Surely, all companies in this space will converge towards the same model over time but being the first gives Google an advantage.
Read » Google Just Unseated Yahoo In Display Advertising, Facebook On Both Company's Heels (AdAge) According to IDC, Google just crossed an important milestone, unseating
Yahoo as the biggest seller of online display ads in the U.S. Google's share of the U.S. display ad market grew to 14.7% in the first quarter, compared to Yahoo's 12.3%. Google's share is growing fast (from 13.3% last year), while Yahoo's is declining almost as fast (from 13.6% last year). In terms of revenue, Google had $396 million in display ad revenue in the quarter, compared to Yahoo's $330 million. And both are in the sights of
Facebook with $238 million.
Read » 
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