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Post by jeffolie on Aug 16, 2011 16:20:31 GMT -6
S&P hits Google: rating down to a "sell" from a "buy" "...despite Motorola Mobility's "extensive and valuable patent portfolio," S&P wasn't sure that could protect its Android operating system from intellectual-property dispute..." ================= Google gets sharp downgrade on Motorola Mobility deal Not all analysts are bullish over Google's bid to buy Motorola Mobility. Standard & Poor's equity researchers sharply downgraded Google stock Tuesday, nudging its rating down to a "sell" from a "buy." S&P lowered its price target to $500 from $700.After further consideration of Google's plan to buy Motorola Mobility, "we see greater risk to the company and stock," noted S&P analyst Scott Kessler.Google on Monday agreed to acquire Motorola Mobility in a $12.5 billion deal that positions it as a maker of smartphones, tablets and TV set-top boxes as well as arms it with a fortress of intellectual property to defend itself from patent lawsuits.Kessler noted that despite Motorola Mobility's "extensive and and valuable patent portfolio," Further, he noted, the Goolge-Motorola deal would negatively hit the search giant's growth and financials. Shares of Google slipped $18.23, or 3.3%, to close at $539 Tuesday content.usatoday.com/communities/technologylive/post/2011/08/s38p-downgrades-google-on-motorola-deal/1
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Post by graybeard on Aug 16, 2011 23:04:53 GMT -6
Yeh, the S&P that fraudulently gave AAA to all those CDO, etc.
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