Telefonica SA (TEF), the previous Spanish phone monopoly going through plunging sales at home, is scheming to regain control from US search giant and operating system developer Google Inc. (NASDAQ:GOOG) in Latin America.
Telefonica, attracting debut smartphone purchasers in Brazil, is developing a handset software system that is without any cost accessible to network operators and makers, jus like Google’s Android, the world’s largest open source platform.
Telefonica has joined hands with Mozilla Corp., the firm whose Firefox program dared the supremacy of Microsoft Corp. (NASDAQ:MSFT)’s Web browser. This week, six further firms, consisting of Germany’s Deutsche Telekom AG (DTE) and Sprint Nextel Corp. (S), stated that they would use the platform in other regions, like Poland.
While Android is open and free, operators presently must accept that the chief search engine runs the software code and makes marketing money from pushing clients to accept its mapping, e-mail and search services.
Its competitors include Facebook Inc (NASDAQ:FB) that slipped -0.03% to $31.19 with the total traded volume of 2.72 million shares and Yahoo! Inc. (NASDAQ:YHOO) that dropped -0.25% to $15.94 with the total traded volume of 2.44 million shares.
Other technology stocks with bullish trend include QUALCOMM, Inc. (NASDAQ:QCOM) up 0.21% to $56.38, Ariba, Inc. (NASDAQ:ARBA) up 0.09% to $44.60 and NetApp Inc. (NASDAQ:NTAP) up 0.26% to $31.18, whereas with bearish trend include Activision Blizzard, Inc. (NASDAQ:ATVI) down -1.81% to $12.23, Windstream Corporation (NASDAQ:WIN) down -0.92% to $9.69 and Seagate Technology PLC (NASDAQ:STX) down -0.96% to $24.89.
Google Inc (NASDAQ:GOOG) moved up 1.47% or +$8.63 to trading at $596.46 at 11:20AM EDT following it hit intra day high level of $597.08. The total traded volume in the current trading session is 929,752.00 shares as compared to average 2.29 million shares. Its fifty two week trading range is $480.60 – $670.25. The total market capitalization reached $194.39 billion.
The stock price was ahead its 52 week low price with 23.88% and it lagged behind -11.17% from its 52 week maximum mark. Stock price volatility for last month remained 1.73%. In its share capital, the company has 326.03 million outstanding shares out of which 258.84 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.10%.
GOOG presented an optimistic weekly performance of 4.10% with respect to its rate of return and it remained 1.60% for the month. However, the performance for a quarter experienced a negative change of -8.53% and it surged 10.40% for a year and its year to date performance remained in red with -8.99%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with +4.16% and continued bullish run for 50 days moving average with +0.85%. Its earning per share for the past twelve months was $32.99. Company’s beta coefficient was at 1.08. Beta measures the amount of market risk associated with market trade.
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