Should Google be running scared from Apple? CNNOverheard
When
Tim Armstrong left Google to head AOL in early 2009, many thought he
was inheriting a basket case. Revenue and traffic were dropping as
dial-up subscribers defected.
But AOL's shares are up 47% since its late 2009 spinoff from Time
Warner, beating Nasdaq's 43% gain and trouncing Yahoo's 3.5% decline.
AOL has even outperformed Mr. Armstrong's former employer, up only 17%.
His secret? Deals. Despite an expensive Huffington Post deal, Mr.
Armstrong's coup was selling off the family silver, a portfolio of
patents, for $1.1 billion. Monday, it said how it would return the cash
to shareholders.
That said, AOL still has to show it can stabilize its share of U.S.
display advertising, which ThinkEquity puts below 5% and falling. So
investors shouldn't get carried away with the idea of fellow Google
alumnus Marissa Mayer pulling off the same trick at ailing Yahoo, which
now says it may reverse a decision to return more than $4 billion to
shareholders.
That's the gist of Google's message following Apple's $1 billion victory over Samsung in a California patent suit. The search giant is doing its best to quell fears that its Android operating system could be the next target for Apple's lawyers. And you ... See all stories on this topic » | ||
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Google Reinstates Controversial Music-Streaming App Grooveshark Wall Street Journal (blog) More than a year after Google Inc. removed the controversial Grooveshark music-streaming service from its app store for Android smartphones, the app was quietly reinstated Tuesday afternoon, despite ongoing copyright infringement lawsuits against the ... See all stories on this topic » | ||
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Google Wallet Will Store Boarding Passes One Day NBC Southern California (blog) In its current state, Google Wallet is a handy mobile payment system that lets you buy things with your NFC-enabled smartphone. In the future, Google would like Wallet to replace more than just your cash and credit cards. The company wants Wallet to be ... See all stories on this topic » | ||
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Google launches crisis map anticipating hurricane Isaac Fox News "When disaster strikes, people turn to the Internet for information," explains Google's Crisis Response project, an offshoot of the of the Google.org philanthropy arm, which aims to aid in times of need. The forecast track for Isaac has the storm aimed ... See all stories on this topic » | ||
Google will now bug you with birthdays like Facebook does Los Angeles Times Google has begun to show birthday reminders on search results for people in users' Google+ circles. The company told The Los Angeles Times that it is beginning to roll out the new features to users over the next few days. Users will see reminders when ... See all stories on this topic » | ||
Time Warner Cable invests $25M to build 1Gbps fiber network CNET Time Warner Cable invests $25M to build 1Gbps fiber network. Time Warner Cable is following Google's lead with a 1Gbps fiber network in New York City, except Time Warner will focus on business customers and it hasn't yet announced pricing. Marguerite ... See all stories on this topic » |
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