Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 17, 2012

Article Excerpt

GOOGLE INC., $604.64, Nasdaq symbol GOOG, announced that U.S. and European competition regulators have approved its purchase of cellphone maker Motorola Mobility Holdings Inc. (New York symbol MMI). In August 2011, Google agreed to pay $12.5 billion for Motorola Mobility. That’s equal to 6% of Google’s $196.6-billion market cap. Regulators in China and other countries where Motorola Mobility operates still need to approve the takeover. Still, Google plans to close the deal in the next few weeks. Buying a cellphone maker like Motorola Mobility makes sense for Google, because it will make it easier for the company to integrate its popular Android operating system with new smartphones. Motorola Mobility’s patents will also help Google defend itself from lawsuits launched by rivals like Apple and Microsoft. Google is a buy. Google was recently covered in the February 2012 issue of Wall Street Stock Forecaster. Click here to access it. Google was recently covered in the Wall Street Stock Forecaster Hotline for January 20, 2012. Click here to…