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News For GOOGL From the Last 2 Days
GOOGL
Oct 18, 2017 | 13:15 EDT
Verizon (VZ) is scheduled to report quarterly results before the market opens on October 19, while AT&T (T) scheduled to report on October 24. Neither T-Mobile (TMUS), nor Sprint (S) have disclosed the dates for their respective quarterly results and earnings conference calls, as those releases should coincide with the announcement of their merger agreement, which is expected later this month. What to watch for: 1. OUTLOOK: When Verizon reported its second quarter results on July 27, it announced that it sees 2017 organic revenue "fairly consistent" with 2016, with improvement in wireless service revenue and equipment revenue trends. On October 11, AT&T reiterated its fiscal 2017 adjusted earnings growth guidance in the mid-single digits. The company also backed FY17 adjusted consolidated operating margin expansion, capital expenditures in the $22B range, and free cash flow at the low end of the $18B range. 2. T-MOBILE/SPRINT MERGER: On October 6, Bloomberg reported that Sprint and T-Mobile are working out the final details on a merger agreement, which should be announced at the end of the month. On October 13, Nikkei reported that the merger agreement could be announced soon, citing a broad pact reached with SoftBank (SFTBF), which owns 83% of Sprint. Nekkei added that Deutsche Telekom (DTEGY) owns 64% of T-Mobile. On October 16, Reuters reported that, according to people familiar with the matter, the companies plan to announce the merger without any immediate asset divestitures in order to preserve their spectrum holdings. 3. PIXEL 2: During the Made by Google conference on October 4, Google (GOOG, GOOGL) announced that Verizon will be the exclusive wireless partner for the Pixel 2 and Pixel 2 XL. Not willing to concede that exclusivity to Verizon, T-Mobile announced the "Unleash your Pixel 2" campaign, offering to pay up to half of the purchase price of a Pixel 2/Pixel 2 XL if customers bring their new Google handset to T-Mobile and get a new voice line. 4. AIM SAYS "GOODBYE": On October 6, Oath, a Verizon company, announced that AOL's Instant Messenger will be discontinued on December 15.
GOOGL
Oct 18, 2017 | 08:54 EDT
Facebook (FB) and Google (GOOG, GOOGL) directly collaborated on a campaign by conservative, nonprofit advocacy group Secure America Now to target anti-refugee advertisements to more efficiently reach audiences in swing states during the 2016 election campaign, Bloomberg reports, citing Harris Media, the ad agency that ran the campaign, as well as five people involved in the situation. Facebook's advertising salespeople, creative advisers and technical experts competed with sales staff from Google for millions in ad dollars from Secure America Now and both companies worked to optimize the reach of the campaign, which included faux-tourism videos showing France and Germany overrun by Sharia law. Reference Link
GOOGL
Oct 18, 2017 | 07:59 EDT
As previously reported, Longbow analyst Joe Wittine upgraded GoPro (GPRO) to Buy from Neutral, noting that the stock's valuation has returned to early 2017 levels, which he views as "misguided" given the execution improvement made since that time. Google (GOOG) Clips, which he attributes to having driven some of the recent selloff, is "not a competitive problem," Wittine tells investors. Additionally, his early channel checks show "good enough" initial market momentum for the HERO6, the analyst noted. Wittine has a $13 price target on GoPro shares.
GOOGL
Oct 18, 2017 | 06:28 EDT
Sidewalk Toronto is a joint effort by Waterfront Toronto and Alphabet's Sidewalk Labs to create a new kind of mixed-use, complete community on Toronto's Eastern Waterfront, beginning with the creation of Quayside. "Sidewalk Toronto will combine forward-thinking urban design and new digital technology to create people-centered neighborhoods that achieve precedent-setting levels of sustainability, affordability, mobility, and economic opportunity." Reference Link
GOOGL
Oct 17, 2017 | 12:50 EDT
Alphabet is planning to develop a section of Toronto's waterfront as part of its Sidewalk Labs unit, according to Reuters, citing sources familiar with the plan. The site will be a hub for creating and testing new technology for "smart cities". The 12-acre site will be called Quayside. Reference Link
GOOGL
Oct 17, 2017 | 06:32 EDT
James Ryan Burgess, the co-lead of Alphabet's Project Wing, says in a blog post that Project Wing is collaborating with communities and partners in southeastern Australia to trial its delivery drones. " This fall we've been testing in a rural community on the border of the ACT and NSW and tackling an entirely different level of operational complexity: making deliveries directly to people's yards. And today we're announcing that two Australian merchants are joining our tests, as they're eager to understand how drone delivery could help them serve their customers better. Guzman y Gomez, a Mexican food chain, and Chemist Warehouse, a chain of pharmacies, will receive orders from our testers who've purchased items using the Project Wing app on their smartphones. We'll dispatch our drones to pick up the order from our partners' loading sites and then transport and deliver the goods to testers at their residences." Reference Link
GOOGL
Oct 16, 2017 | 16:16 EDT
Scientific Games (SGMS) announced that it has signed an agreement with Apigee, a subsidiary of Google (GOOG, GOOGL), to utilize its full lifecycle application programming interface management platform, as part of the Company's portfolio of casino management technology solutions for the gaming industry. This agreement allows Scientific Games to deploy Apigee API management software in its suite of casino and slot management systems solutions and will enable Scientific Games to design, secure, deploy, monitor, and scale APIs. Apigee's industry-leading solution will make integration with third-party applications easier, more secure, more reliable, and more operationally efficient.
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