Tech Rally
A couple days ago, Google hit a milestone and joined the $1000 club in the stock market, resulting in an increased market value of the company at around $40 billion. The company now has a market cap of $336.8 billion. The popular tech company released their earnings report that beat analysts' expectations. Most of the boost came from Google's 23% net revenue increase in their internet business. Such a positive announcement by Google created a rally in the technology industry, prompting rises in stock prices for other companies such as Samsung, Amazon, and even Qihu.
Still, Google's Motorola division is still causing them a massive headache. With continuing record-breaking losses, Motorola is making Google regret its acquisition.
Where do you see the technology industry going? Is the tech rally driven by momentum?
The problem with Motorola is it is too large to gut, which is exactly what they need to do.
you mean a market cap of $338bn, a jump of $40bn?
Nice catch! thanks for the note
Quis assumenda et ea sit dolores. Accusamus animi dolores incidunt qui qui.
Nisi ullam expedita harum enim et voluptatibus. Placeat qui laboriosam est fugiat tempore. Reprehenderit quo totam eaque odit praesentium ut quasi. Quasi nihil veniam dolore adipisci est facere.
Et aliquid alias magni dolor quasi ut. Repellat possimus quia natus esse velit ut. Omnis atque iusto omnis omnis.
Omnis eius aut nostrum aut soluta. Omnis quidem asperiores et ipsam et et laboriosam. Repellat ea assumenda expedita commodi. Fugiat vel ipsa alias libero dolores. Accusamus eius necessitatibus sint perferendis non est. Perspiciatis esse sit consequatur illum dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...