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Is Google (GOOG) Getting Soft?

April 27, 2010 8:21 am

In a recent update from WSJ, it appears that the phone wars are more of a tough phone-pillow fight. Palm (PALM) is giving away the Pixie with a 2-year contract and now Google (GOOG) is backing away from its plan to work with Verizon (VZ) on the Nexus.

Has Apple (AAPL) scared them all off?

Add to that the frustration Google (GOOG) must be feeling with the China’s censorship and Microsoft (MSFT) creeping into their search domain with Bing (even though it is a small creep) and Google shareholders are not hanging around…Especially after the earnings dissapointment from last week.

Do we buy the 50day MA line? What is the next catalyst we wonder…..?

From WSJ.com

Google Inc. has backed away from a plan to make its Nexus One smartphone comptabile with Verizon Wireless, the largest mobile carrier in the U.S., a setback for its plans to reshape the cellphone market.

Google previously indicated the Nexus One, which the company designed and sold directly to consumers, would be available for Verizon’s customers in the spring. But a Google spokesman said Monday there are no current plans to bring the Nexus One to Verizon. He declined to comment on why discussions fell apart.

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Written by Andrew Horowitz · Category(s) Markets, Stocks    |  Tags: • •   

2 Responses to “Is Google (GOOG) Getting Soft?”

  1. Harsh Winds Blow for Solarwinds | ZachStocks on April 27th, 2010 2:03 pm

    [...] Despite the 15% drop in Tuesday trading, the stock still appears to be over-valued based on earnings expectations.  Management is guiding analysts to expect 72 to 75 cents per share this year which only represents an increase of 15%.  But at $20.50, the stock is trading at 27 times the high end of guidance.  This multiple might be reasonable for a stock in the middle of a strong growth period, but with heavy competition, disappointing growth projections, an extended and vulnerable market, and a technically broken stock chart; the risks seem to far outweigh the potential benefits of owning the stock. Other Articles of Interest Neutral Tandem – Rebounding After Patent Pressure Three Industries for Building Short Positions Market Foly: Hacking Innovation Education in NY TDI: Is Google Getting Soft? [...]

  2. TheMoneyGeek on April 28th, 2010 11:30 am

    A few analysts have recently come out (even before earnings were announced) and said that Google is "dead money" at least until sometime in June. I guess they're expecting some kind of catalyst in June, but so far they've been right. With all the recent stumbles, one wonders what's going on.

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