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Matsushita Electric Industrial said it would start selling internet-connected televisions in the US that can access Google’s YouTube, marking the first partnership between a Japanese consumer electronics manufacturer and the world’s leading search engine.
The move is part of a broader push by Japan’s consumer goods manufacturers to "add value" to their products, in the face of stiff price competition from Asian and US rivals.
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SAN FRANCISCO - Google Inc.’s stock price barreled through $700 for the first time Wednesday, propelled by a belief that the Internet search leader will become even more profitable as it plants its products and services in new markets.
The Mountain View-based company’s shares traded as high as $704.79 before falling back to $700.04 in afternoon trading, up $5.27 for the session. It took less than a month for the stock to leap from $600 to $700, building upon a fervor that has lifted Google’s market value by more than 30 percent since mid-September. Continue reading »
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Google’s share price last week broke through the $600 (£300) ceiling and looks set to rise even higher, with a strong set of results expected this week and the company poised to enter lucrative new markets.
Not content with dominating the internet, the search giant is now believed to be planning to take the mobile communications market by storm. Analysts at Lehman Brothers predict that when it unveils its third-quarter results on Thursday, Google’s revenues will rise 8.6 per cent quarter-on-quarter to $2.98bn with earnings before interest, tax, depreciation and amortisation (Ebitda) of $1.8bn. For the full year 2007, Lehman predicts a 58 per cent year-on-year increase in turnover to $11.56bn with Ebitda of $7.03bn, representing a year-on-year rise of over 52 per cent. The investment bank has raised its target price for Google shares to $714. Continue reading »
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