Connect with us

Technology

Google Inc. (NASDAQ:GOOG) cheers after FTC gave clean chit- MSFT, EXPE, YELP & AAPL

Published

11 years ago

on

Northern, WI  1/5/2013 (USAmarketbuzz) – After nearly 20 months which saw Google Inc(NASDAQ:GOOG) and U.S. regulators lock horns in an antitrust probe investigation, Google Inc(NASDAQ:GOOG) has decided that it is going to change some business practices thus laying to rest the allegations of misusing patents to prevent competition in the smart phone technology race.

Google Inc(NASDAQ:GOOG) has voluntarily agreed to remove the restriction of the usages from its online search advertising platform and further giving the options for the companies to keep their content out of its search results. Regarding patents, Google Inc(NASDAQ:GOOG) will also be restricted in its ability to seek court orders baring competitor’s products even though the company has agreed on licensing its technology based on reasonable terms.

Jon Leibowitz commented, these changes agreed by Google Inc(NASDAQ:GOOG) will ensure that the customers benefit to the maximum from the competition.

The FTC’s decision to close the case without any enforcement came as a major blow to Microsoft Corporation(NASDAQ:MSFT), Expedia Inc(NASDAQ:EXPE) and Yelp Inc(NYSE:YELP) which are the major competitors of Google Inc(NASDAQ:GOOG). The FTC however feels that this was the best bargain that could have got, if a legal battle had ensured things might not be so successful.

Google Inc(NASDAQ:GOOG)’s universal search which mixes its own answers along with links to other sources of information to answer the queries have come under complaint by critics stating that this makes other websites to go down in the ranking thus affecting the consumer. Wilkinson commented that the FTC’s mission is to protect competition and not individual competitors.

The agreement with FTC directs Google Inc(NASDAQ:GOOG) to provide reports on its compliance for a period of five years. Peter Levitas, deputy in the bureau of compliance said the agency has in its power to review company documents and interview its employees if it suspects anything is out of place.

Tom Rosch, a Republican commented after promising an elephant more than a year ago, the commission as an alternative has brought forth a couple of mice.

Fair Search .Org, one of the critics of Google Inc(NASDAQ:GOOG) has asked the FTC to postpone the its decision until Google Inc(NASDAQ:GOOG) submitted an elaborate proposal to the European Commission’s antitrust probe. However Leibowitz said U.S. law differs from that in Europe.

Regarding the patent settlement the agency voted 4-1 a 10-year consent decree that confine the circumstances in which Google Inc(NASDAQ:GOOG) can seek court injunctions aligned with competitors’ products that rely on so-called standard-essential patents. Companies that make technology that helps to expand an agreed-upon business customary pledge to license connected patents on realistic and unbiased terms.

The ongoing efforts of Google Inc(NASDAQ:GOOG) to bar the U.S. import of Apple Inc.(NASDAQ:AAPL) and Microsoft Corporation(NASDAQ:MSFT) devices, which according to Google Inc(NASDAQ:GOOG) has infringed patents from its Motorola Mobility unit. Google Inc(NASDAQ:GOOG) has paid $12.5 billion in for Motorola in order to obtain its huge collection on 17,000 patents. These patents cover the fundamental operating mechanism of mobile technology and it would be difficult for Apple Inc.(NASDAQ:AAPL) to take a different route.

However Apple Inc.(NASDAQ:AAPL) was cleared of its infringement of patents from Motorola Mobility by the U.S. International Trade Commission and some of the claims against Microsoft Corporation(NASDAQ:MSFT) will also be dropped.

The shares of the following:

The share value of Google Inc(NASDAQ:GOOG) is up by 1.98% to close at $737.97

The share value of Microsoft Corporation(NASDAQ:MSFT) is down by 1.87% to close at $26.74

The share value of Apple Inc.(NASDAQ:AAPL) is down by 2.78% to close at $527.00

The share value of Expedia Inc(NASDAQ:EXPE) is up by 2.59% to close at $64.46

The share value of Yelp Inc(NYSE:YELP) is up by 6.80% to close at $21.52

Related Topics:
Continue Reading

Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

Published

4 years ago

on

July 20, 2020

By

Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

Continue Reading

Technology

Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida

Published

5 years ago

on

March 4, 2019

By

American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

Continue Reading

Technology

Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday

Published

5 years ago

on

March 4, 2019

By

Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

Continue Reading
Advertisement

Trending