Google-Motorola Deal Could Move These 4 Other Tech Stocks
By Steve Alexander:Yesterday Google (GOOG) shocked the world with its announcement of a $12.5 billion acquisition of Motorola Mobility (MMI). The deal was a surprise to me as well. It was well-known that Google was looking to add patents to fend off challenges from Apple (AAPL) and Microsoft (MSFT) (among others), but for Google to outright purchase one of their OEMs for the Android operating system was a surprise. It puts Google into the low-margin, cutthroat hardware business (way outside of the company's core competencies), and also into direct competition with Android phone giants like Samsung (SSNLF.PK) and HTC. The deal has a direct effect on 2 recent Magic Formula stocks, and potential repurcussions for 2 others as the Android market is shaken up:
InterDigital (IDCC)
Effect: Negative Since putting itself up for sale in mid-July, Google has consistently been the primary name linked to an acquisition of wireless patent firm InterDigital.Complete Story »
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