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May 19, 2014
09:46 EDTTTWO, GOOGTake-Two owns stake in reported Google takeover target Twitch
Twitch, a video platform and community for gamers, announced on September 30, 2013 that the start-up received a $20M investment led by Thrive Capital, with participation from Take-Two Interactive (TTWO) among others partners and existing investors. The details regarding investors’ level of participation were not disclosed at the time. Variety reported over the weekend, citing sources familiar with the deal, that Google's (GOOG) YouTube reached an agreement to acquire Twitch for over $1B in cash.
News For TTWO;GOOG From The Last 14 Days
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November 27, 2015
11:15 EDTGOOGChannelAdvisor says Amazon SSS up 29% on Thanksgiving, eBay up 7%
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November 25, 2015
08:19 EDTGOOGGoogle claims search result burying Yelp, TripAdvisor is a bug, Re/code reports
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November 24, 2015
09:09 EDTGOOGDuke Energy solar project in Rutherford to provide energy to Google data center
Google (GOOG) will benefit from Duke Energy (DUK) Carolinas' Green Source Rider program - meeting a portion of the power demand from the company's data center in Lenoir with solar energy. A 61-megawatt solar project will be constructed in Rutherford County in Duke Energy Carolinas' service territory. Under a power purchase agreement with the Rutherford Farms solar project, Duke Energy will secure power to meet new energy demand from Google's expanded data center.
06:38 EDTGOOGAlphabet makes subsidiaries accountable for spending, WSJ says
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November 23, 2015
13:26 EDTGOOGZillow joins Google Compare for Mortgages experience
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10:18 EDTTTWOGameStop plunges on weaker than expected Q3 earnings
Shares of GameStop (GME) are plunging in morning trading after the company reported downbeat third quarter earnings on lower new software and hardware sales and delays in store openings. The company also provided guidance for the fourth quarter and reiterated its outlook for fiscal year 2015. WHAT'S NEW: Before the market open, GameStop reported Q3 adjusted earnings per share of 54c on revenue of $2.02B, below analysts' consensus estimates of 59c and $2.14B, respectively. GameStop added that global same-store sales for the quarter were down 1.1% year over year, with SSS down 1.7% in the United States and up 0.3% internationally. The company said foreign currency negatively impacted EPS by 2c and sales by about $100M and noted that it recorded $1.6M of one-time charges as a result of non-recurring acquisition-related costs. GameStop said new hardware sales declined 20.4%, while new software sales were down 9.3%; pre-owned sales were up 0.6%, the company said. Commenting on the quarter, Chief Executive Officer Paul Raines said that the company's results fell to the low end of its guidance range -- 53c-60c for EPS on SSS up 1% to up 4% -- due to "lower than expected new software and hardware sales and delays in Technology Brands store openings." The company provided an outlook for the fourth quarter, forecasting EPS of $2.12-$2.32, below analysts' estimates of $2.37, and SSS ranging from down 1% to up 6%. Despite the disappointing Q3 earnings and weak Q4 guidance, GameStop affirmed its FY15 EPS view of $3.66-$3.86 and added that it expects full year same store sales to grow 2%-6%. WHAT'S NOTABLE: Prior to the retailer's Q3 earnings report, Steven Russolillo of the Wall Street Journal's Ahead of the tape said that GameStop was "running out of lives" since it has experienced an increasingly challenging video game retail environment due to a rising number of shoppers buying games digitally. Russolillo noted that GameStop's resale business is still profitable and may pare losses somewhat. In addition, NPD Group reported earlier this month a 3% year over year decline in game software retail sales in the U.S. in October. The loss came even despite the major launch of Microsoft's (MSFT) flagship title "Halo 5: Guardians." STREET RESEARCH: Piper Jaffray analyst Michael J. Olson said that GameStop is "clearly" seeing an impact from increasing digital software sales, but that the firm expects digital expansion to ease during the holiday quarter. Olson added that the video game industry is currently in the "renewed growth phase" and that he expects trends in the sector to be strong heading into 2016. The analyst maintained an Overweight rating and $57 price target on the company's stock. PRICE ACTION: In morning trading, GameStop slipped 13.93% to $33.89. The company will hold its earnings conference call at 11am. OTHERS TO WATCH: Video game makers are also lower this morning. Shares of Electronic Arts (EA) are down 2.26%, Take Two Interactive (TTWO) is down 0.84% and Activision Blizzard is down 1.55%.
06:15 EDTGOOGGoogle received over 66M 'URL requested to be removed' over the last month
According to new data published by Google yesterday as part of its Transparency Report, the company received 66,318,159 "URLs requested to be removed" over the last month. Google regularly receives requests from copyright owners and reporting organizations that represent them to remove search results that link to material that allegedly infringes copyrights. Each request names specific URLs to be removed, and it lists the domain portions of URLs requested to be removed under specified domains. Reference Link
November 22, 2015
13:21 EDTGOOGAlphabet, Celgene, others could rise 20% over next year, Barron's says
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November 20, 2015
18:22 EDTGOOGGoogle targets China launch of Google Play app store in 2016, Reuters says
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10:38 EDTGOOGAnalyst sees 'cloud cold war' coming between Google, Microsoft, Amazon
Recent comments by Google (GOOG) indicate that the tech giant plans to make a major push in the cloud infrastructure market, Deutsche Bank analyst Ross Sandler wrote in a note to investors today. Google's initiatives in this area could significantly boost its stock price and signify the start of a "cold war" in the space, but are unlikely to negatively affect the number two player in the area, Microsoft (MSFT), Sandler believes. WHAT'S NEW: Google has not been aggressively expanding its cloud infrastructure business, but recent comments by the tech giant indicates that this situation is changing, Sandler wrote. Google executive Urs Holzle said that the tech giant plans to aggressively expand its cloud platform, and projected that the company's revenue from the cloud could surpass its ad revenue by 2020, the analyst noted. The note comes after Google acquired a small platform-as-a-service company called bebop and appointed its CEO, VmWare (VMW) co-founder Diane Greene, to lead a new cloud business. Based on Hozle's comment, Google is seeking to boost its cloud revenue to $100B by 2020, Sandler estimated. If the tech giant even "gets part of the way" to meeting the goal, the growth in its cloud business will boost its market cap by hundreds of billions of dollars, Sandler believes. Google's push in the cloud is negative for Microsoft, but it will take years for Google to build up its cloud business to the point where it's competitive with Microsoft's cloud offering, Azure, the analyst contended. Amazon (AMZN), which Google also much catch, is the runaway leader in the cloud market. WHAT'S NOTABLE: Google may look to make acquisitions in the software-as-a-service sector to build up its cloud business, and vendors like Red Hat (RHT) which sell to cloud infrastructure providers have added a major new customer, Sandler wrote. Major software-as-a-service providers include (CRM), Workday (WDAY), and Netsuite (N). PRICE ACTION: In early trading, Alphabet Class A shares gained 1.5% to $771.37, Microsoft slid 1.1% to $53.33 and Amazon rose fractionally to $662.87.
November 19, 2015
16:11 EDTGOOGGoogle names VMware co-founder to lead cloud businesses
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09:46 EDTGOOGYouTube to pay legal fees for some video makers to fight battles, NY Times says
YouTube said it will begin to financial support YouTube creators fight back battles over copyright infringement, reports the New York Times. It said will pick up the legal costs of a handful of video creators that the company thinks are the targets of unfair takedowns. Reference Link
07:55 EDTGOOGGM's Reuss: Company 'deeply committed' to EVs, FT says
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06:32 EDTGOOGAkamai announces collaboration with Google Cloud Platform
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06:26 EDTGOOGGoogle's Hoelzle: Cloud could generate more revenue than ads by 2020, BI says
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November 18, 2015
16:44 EDTGOOGGoogle ad exec jumps to YouTube, Re/code says
Neal Mohan, previously Google's (GOOG) SVP for display and video advertising, has been appointed SVP of product for YouTube in a move signaling renewed efforts to combat Facebook (FB) video, reports Re/code, citing spokesperson statements. Paul Muret, currently head of analytics at Google, will succeed Mohan, and the company's analytics group will be folded into its display operations. Re/code notes that the analytics rollup may indicate Google sees measurement as "core" to its advertising business. Reference Link
11:24 EDTGOOGGoogle eyes YouTube enhancement with VR experiences, DigiTimes says
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November 17, 2015
19:11 EDTGOOGGoogle launches redesigned Google+
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11:25 EDTGOOGGoogle to fight Russia's antitrust ruling on Android platform, Reuters reports
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06:35 EDTGOOGGoogle's Project Aura working on three new wearables, the Information says
Google's revamped Google Glass project, known as Project Aura, is developing a wearable with a screen and at least one without, the Information reports. Three versions of the head-mounted device are currently in development, though three may be consolidated into two, the report says. The two without a screen rely on bone conduction, much like the original Google Glass, the report says. Reference Link
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