Techquity: Apple weakness to stop aiding Google says analyst
Monday, February 04, 2013 - 02:12
Feb 4 - Google suffers downgrade. Analyst cites end to gain from Apple weakness as one reason for rating cut.
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Not much more upside right now for Google stock. That view -- sound and at BMO capital markets who points out the company's stock has nearly tripled to gain of the S&P 500 over the last seven months. And that he says makes it less compelling opportunity for value investors. Some also says that the stock has benefited from investors shifting out of apple and indigo will look at that trend is finally tapering off. So he has lowered his rating from outperform to market perform. Shares of Google down about one and a half percent so far today after hitting new high on Friday. Simon Says that new Motorola products in the second half of the year or return of capital to shareholders in the form of the dividend or share buyback which -- view. Apple meanwhile is dealing with a minor setback in his courtroom battle with Samsung. Federal appears court rejected its request for an expedited appeal in the case and apple has sought permanent injunction. Against the sale of several Samsung phones apple shares too hopeful about -- ruling came out and are down now close to about 2%. Below 450 bucks. In our best of the rest today oracle which is ramping up its competition with Cisco the company has agreed to buy network equipment maker Acme Packet for two point one billion dollars -- enables the delivery of voice data and communications services over the Internet. The purchase price works out to 2925. Share that's more than 820%. Premium to act he's Friday close shares are searching or on the other hand. And seeing shares slipped down 2%. Time for -- sputtering it's a look at other market movers sorry is Blackberry Bernstein research upgraded the stock to outperform and raised its price target. 222 dollars from twelve as it is grown more confident about the success of the new Blackberry ten. It's bordering on the other hand is dealt dealmakers are close to finalizing -- but for the companies take a private. Between thirteen fifteen and thirteen 75 a share right now shares are down about 3% and a little bit beneath that range. That's a protect -- this Monday remembered you can follow us on Twitter at RTR us equity John marina. Doesn't work.
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