GOOG Up In A Sea Of Red Stocks are trading sideways -- down in early trading, spiking up by noon, and then tumbling down again -- as new U.S. jobless claims rose unexpectedly last week, further evidence of a weak labor market. This comes just hours before President Barack Obama delivers his address to Congress on the issue. Shares of GOOG are up despite the bloody markets. Catalysts include Brad Bender's (Display Product Management) participation at the
Citigroup Tech Conference today at 2:55 p.m. ET; continued
Android momentum in the smartphone and tablet markets worldwide;
Motorola acquisition approval and integration; regaining ground in China in search and pushing forward in mobile; any signs of life for
Google TV (including
Motorola); the roll-out of
Google Music and social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, Chromebooks, etc.). The stock trades at approximately
11.2x Enterprise Value / EBIT, inexpensive relative to historical trading levels.
Google Buys Zagat
(Business Insider) Google just announced it bought
Zagat, likely to bolster its
Google Offers product and compete with
Yelp and
Groupon.
Details of the deal are just coming out, click here for more > Google Ups The Ante For Hulu Bid (GigaOM) The number of bidders for
Hulu has been narrowed down to three or four suitors. With
DirecTV reportedly dropping out of the bidding late last week, Hulu’s assets are now being sought by
Amazon, Dish Network and
Yahoo.
Also reportedly in the running for Hulu is Google, who is trying to order off the menu, telling the folks at
Hulu that it’s willing to pay a lot more for access to more content, for a longer period of time. While Google might have the money, that doesn’t mean that Hulu’s owners will want to make a deal.
Read » Backed With Motorola Patents, Google Helps HTC Against Apple (Bloomberg) Armed with new patents transferred from Google (thanks to
Motorola),
HTC has filed a new lawsuit against
Apple and amended two previous legal complaints. The move escalates the fighting between the Apple and HTC, who have sued each other over patent claims and also marks the first time that Google is exercising its patent portfolio to help an
Android partner.
The fight between Google and Apple is about to get ugly.
Read » Dell And Baidu Partner Up With Android Rip Off (Reuters) Dell and
Baidu plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by
Apple and
Lenovo (and piracy). Last week,
Baidu, China's most popular search engine, announced its mobile operating software platform "Baidu Yi" for smartphones and
Dell is shaping up to be its first hardware partner. Dell will be making smartphones and tablets for the Chinese market as part of the deal. So much for Chromebooks.
Read » Next Android Platform Coming In Oct / Nov Time Frame (SlashGear) Google's upcoming major unifying platform release for Android, dubbed
Ice Cream Sandwich, has been confirmed to launch during the October-November time frame according to chairman,
Eric Schmidt. Ice Cream Sandwich is widely believed to power Samsung's rumored Nexus Prime and
Droid Prime handsets, which have been spotted receiving their Bluetooth and WiFi certifications respectively.
Read » Nexus / Droid Prime Rolls Out In Time To Battle iPhone 5 (This Is My Next) Speaking of,
Samsung's Droid Prime, possibly the Nexus Prime, has had its user agent profile leaked and all but confirms previous rumors. The Android phone is running a 480x800 screen (not the 720x1280 screen rumored). What will likely be the answer to the
Galaxy S II, as well as the upcoming
iPhone 5, the Droid Prime is expected to launch around October, ready to do battle.
Read » Google Seoul Gets Raided Over Android Antitrust Concerns (CNet) The Korean Fair Trade Commission raided Google's offices in Seoul yesterday. Regulators are apparently interested in information about Google allegedly limiting access to rival search engines on its Android mobile operating system. Korean authorities aren't the only ones looking into Android. In June, Google disclosed that the U.S. Federal Trade Commission had served the company with a civil subpoena. Not to mention there's the
Oracle lawsuit coming up next month.
Read » Using Gmail Makes You More Green (GigaOM) In its ongoing quest to convince everyone to abandon the archaic practice of operating their own servers and shift their IT operations to the cloud, Google says switching to
Gmail can be close to 80x more energy-efficient for an organization than in-house email, particularly for smaller companies. More specifically,
cloud computing has the potential to reduce global carbon emissions by millions of metric tons.
Read » 
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