For Immediate Release
Chicago, IL – April 19, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Google Inc. (GOOG), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Research In Motion (RIMM) and Nokia (NOK).
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Here are highlights from Friday’s Analyst Blog:
Google Slides on China Concerns
Google Inc.’s (GOOG) first quarter earnings beat the Zacks Consensus by 24 cents on revenues that beat by 36.8%.
Although shares advanced 1.07% during the day in anticipation of a stronger quarter and further light on the situation in China, investors were obviously disappointed at management’s reiteration of previous announcements on the matter. As a result, the shares slid 4.89% after hours.
Google, Inc. generates revenue primarily from the sale of advertising space on its online properties. The company is therefore, focused on user experience and convenience, which could bring back customers and generate new ones.
It is already proved that the Google search engine generates more useful results than do those from competitors, since it is currently the most popular search engine in the world. Google has also made acquisitions over time that have augmented its in-house capabilities.
The problem with Google is the lack of diversification in its revenue source. The company is totally dependent on online advertisement revenue, which is no longer limited to the PC platform.
With smart phones and MIDs growing in popularity over the past few years, Google faces the threat of losing market share to software companies, such as Microsoft Corp. (MSFT). Since Microsoft and Apple Inc. (AAPL) have a position in mobile platforms, they have the clout to promote their own/any other search engine, by bundling another search engine with the mobile operating system they are selling.
Google has responded to this threat by launching Android, its own mobile operating system, followed by Nexus One, its own smartphone. However, this places it in direct competition with not just Microsoft and Apple, but also Research In Motion (RIMM), Nokia (NOK) and others in what is already a very crowded market. To make matters worse, it has sent its Chinese opportunity down the drain, which will limit growth going forward.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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