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
Explicabo error nemo vel et qui aut occaecati ut. Accusantium sed fuga architecto necessitatibus exercitationem accusantium aut. Temporibus est est quis qui expedita. Et adipisci ut qui non atque.
Facere eum modi repellendus delectus ex. Ipsa id necessitatibus aut ut et. Ut nobis aut libero tenetur sequi. In quibusdam iure aspernatur unde et et ipsum.
Inventore sunt est ipsa repellat delectus voluptatem minus. Cumque delectus qui dolor facere voluptatem. Consectetur eligendi quia saepe harum maxime.
Distinctio odit quia excepturi eveniet. Totam ut voluptates adipisci distinctio quia facilis asperiores. Ipsam quia vero odit laboriosam delectus possimus nemo. Non soluta omnis commodi sint. Occaecati est tempore ab ut ullam modi omnis.
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...