Google Chairman Plans to Sell More Than 40% of His Stake in Company Which Could Have an Impact in U.S. Markets

Mon Feb 11, 2013 8:30am EST

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NEW YORK,  February 11, 2013  /PRNewswire/ --

On Friday, Google's Chairman  Eric Schmidt  announced that he plans to sell up
to 3.2 million shares, which at Google's current price could mean a  $2.5
billion  windfall. Schmidt has a 2.3% stake in the company with 7.6 million
shares. On Friday Google shares closed up  $11.42  at  $785.37.

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LinkedIn Corporation (NYSE: LNKD) - On Friday LNKD shares soared to a new
all-time high at  $151.89. The Company has now more than tripled in price since
its IPO in May of 2011 when the stock was  $45.00. The stock rose  $26.39  (or
21.27%) to close at  $150.48  on Friday. The Company has beat Wall Street
estimates for seven quarters in a row. The online professional-networking
service reported results for the fourth quarter that yet again exceeded
analysts' projections. Revenue rose a better-than-expected 81 percent from a
year ago to  $303.6 million. Net income gained 60% to  $11.5 million  from  $6.9
million  in the year-earlier period. Volume traded on Friday was 13,917,120 in
comparison to an average of 1,784,790. On  January 28th, a director in the
Company bought 1,500 shares.

Moody's Corp. (NYSE: MCO) - Moody's Corp. fell 7.7% on Friday despite reporting
strong earnings. The Company's fourth-quarter net income jumped 66 percent and
revenue exceeded expectations. For the quarter ended  Dec. 31, the New York
Company earned  $160.1 million, or  70 cents  per share, up from  $96.2 million,
or  43 cents  per share, in the same quarter last year. Revenue jumped 33
percent to  $754.2 million, which topped Wall Street expectations for revenue of
 $687.1 million  in revenue, according to FactSet. The Obama administration
accused MCO's rival Standard & Poor last week of refusing to warn investors that
the housing market was collapsing in 2006. Trading volume for MCO was roughly
seven times higher than average on Friday.

EnteroMedics Inc. (Nasdaq: ETRM) - shares of ETRM saw a huge fall on Friday with
the stock closing down more than 55%. Shares tumbled after news was released
that top line Phase III study results has failed from the Company's randomized
ReCharge Pivotal Trial of VBLOC vagal blocking therapy for the treatment of
obesity. The Company hit a new 52-week low of  $1.19  on Friday on 15,087,852
shares traded. Average volume for the stock is 330,976. EnteroMedics Inc., a
clinical development stage medical device company, focuses on the design and
development of devices that use neuroblocking technology to treat obesity,
metabolic diseases, and other gastrointestinal disorders.

FleetCor Technologies, Inc. (NYSE: FLT) - FLT was one of the most active stocks
trading on the NYSE on Friday with the stock setting a new 52-week high of 
$68.23. The stock traded on unusually high trading volume with roughly five
times higher than average volume at 3,410,116. The Company reported revenues
last Thursday. For the quarter ended  Dec. 31  (Q4), FleetCor Technologies beat
expectations on revenues and beat expectations on earnings per share. Shares on
Friday closed at  $66.01, up 6.46(or 10.85%). FleetCor Technologies, Inc.
provides specialized payment products and services to businesses, commercial
fleets, oil companies, petroleum marketers, and government entities in  North
America,  Europe,  South Africa, and  Asia. On  January 30th, Europe CEO bought

Activision Blizzard, Inc. (Nasdaq: ATVI) - Activision shares hit a new 52-week
high of  $13.94  on Friday with the stock rising 11.19% at the close. Trading
volume at 56,020,472 was a little more than six times higher than average. After
releasing quarterly results that trumped analysts' expectations, ATVI shares
soared to an intraday peak of  $13.94, the highest level the stock has seen
since November of 2011. Its outlook for 2013 was more conservative, at  80 cents
 versus the Street's view of  96 cents, according to Thomson Reuters I/B/E/S.
Activision Blizzard, Inc. publishes online, personal computer (PC), console,
handheld, and mobile interactive entertainment worldwide.

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