Tech Stocks in the News – Google Inc (NASDAQ: GOOG), Apple Inc. (NASDAQ: APPL)


Google Inc (NASDAQ:GOOG), the largest Internet-search company is licensing hotel-booking software from Room 77 Inc., a start-up backed by Expedia Inc. (EXPE), according to a letter sent today to Room 77 shareholders that was obtained by Bloomberg News. Room 77 co-founder and Chief Technology Officer Calvin Yang and many of its engineers are joining Google, the letter said.

Google Inc (NASDAQ:GOOD) traded in the range of 527.15 – 548.48 in the last trading session. the company has a 52 week high of 605.83. Google trades on average volume of 1.67M shares and has a market cap of 362.33 billion. The company is 72% owned by institutions.

Apple Inc. (NASDAQ:AAPL), accusing Samsung Electronics Co. (005930) of misleading jurors at the start of a $2 billion trial over smartphone technology, lost its bid to show jurors how it uses three of five patents disputed in the case.

Apple Inc. has a consensus price target of $592, providing/offering/yielding a 13% upside/downside (depending on if it’s a negative #). The ratings breakdown of the company includes 2 sell ratings, 10 hold ratings, 29 buy ratings, and 1 strong buy rating. The average score of the stock is 2.69 and the rating is a buy.

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