GOOG Off In Mixed Market The market is trading on decent gains for retailers as well as a fall in jobless claims despite a slump in business and consumer confidence. The ISM Manufacturing Index beat expectations this morning and it is moving the markets higher. Shares of GOOG, however, are down about 1% against a positive tech tape. Catalysts include Brad Bender's (Display Product Management) participation at the
Citigroup Tech Conference at 2:55 p.m. ET next Thursday, September 8; 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
11.4x Enterprise Value / EBIT, inexpensive relative to historical trading levels.
Motorola Deal Offers Massive Tax Benefits (Reuters) Google aims to hire the cleverest, brightest, people it can find. Google’s takeover of
Motorola might show that this practice pays dividends. It is estimated that Google can expect to reap $700 million a year in tax deductions from future profits each year through 2019. Google also will be able to immediately reduce its taxes by $1 billion due to
Motorola Mobility’s U.S. net operating loss, and by a further $700 million due to its foreign operating loss. So by that math, it lessens the bill from $12.5 billion to a net cost of around $3.8 billion.
Read » U.S. Internet Companies Can Achieve Success In China In 5-10 Years
(All Things D) The market potential in China is easy to see when you visit the bustling streets of Shanghai or Beijing. As investors in both China and the U.S., GGV Capital has their own take on why China is rapidly becoming a core strategy for every high-growth Internet company today.
- Growth for Fortune 100 companies is coming from China, not the U.S. (or Europe).
- Incomes are rising in China while remaining flat in the U.S.
- The Chinese have money, and they’re spending it.
So what does this mean for U.S. Internet companies? Companies simply can’t ignore China anymore.
- Demographics: Internet demographics keep getting better in China.
- Market share: More than 70% of the world’s virtual goods sales in 2010 occurred in the Asia/Pacific region.
- Platform diversity: In China, there are social platforms you’ve never heard of that each have hundreds of millions of users.
Smart U.S. companies can and will attain success in China in the next five to 10 years. Hopefully, Google will be one of them, even though its relationship with China has been controversial in the last few years to say the least.
Read » Amazon To Ship One Android Tablet This Year, A Bigger One In 2012 (Digitimes) Amazon is expected to ship its more powerful 10-inch tablet in the first quarter of 2012, while its 7-inch tablet will make its way to consumers in October. Amazon's Android-based tablet has been considered a potential iPad-killer (more like a challenger) with Amazon's ecosystem of ebooks, movies, and music services, a strong distribution channel and aggressive pricing advantage.
Read » Sony Launching Android Tablets This Fall (PC World) Sony has formally announced its much anticipated S1 and S2 Android tablets the
Sony Tablet S and the
Sony Tablet P, as well as divulging a few more details. The move shows that
Sony is serious about embracing
Android. If the delay between announce and ship means that Sony can take its time with the hardware and software to work out the kinks before it ships, that will be a good thing. And, the delay will give Google a chance to hone
Android 3.0 and fix the flubs and instabilities. Sony can’t be counted out for the holiday shopping season.
Read » Android Widens The Gap In Mobile OS Share (comScore) comScore offered their tally of U.S. mobile subscribers’ usage of phones and phone platforms. In terms of software platforms, Android widened its lead to 41.8% of subscribers, up 5.4 points, while
Apple saw its
iOS share rise 1 point to 27%.
That's a 15-percentage point gap between Android and iOS. Between the two of them, they tie up ~70% of mobile operating system share.
Read » Google Launches Offline Utility For Gmail, Calendar And Docs (Mashable) Google is launching new offline versions of
Gmail web app and updates to Calendar and Docs in an effort to increase offline utility. The addition comes in response to an increasingly mobile population that doesn't always have wireless access.
Gmail Offline is available allowing users of Google's free email service to read, reply to, organize and archive their messages without demanding a connection. Calendar Offline and Docs Offline will roll out over the next week. Of course, it's
only available on the Chrome browser, but who cares.
Read » 
