You are correct about that. But it is following a pattern, a repeatable pattern, so far!
$1099 that will be a bullish signal for Monday. The base it has created today between $1096 - $1099 is very bullish. Very solid support.
stone that will be the platform for the next leg up to $1120 - $1130 range .
Technically it is very healthy trading. We'll see how solid it is later today and next week.
quoting another poster:
One of the narratives that is forming from the crucible of all the ongoing wireless litigation (Samsung v Apple, Microsoft v Google/Motorola, Oracle vs Google, etc) is that in its rush to protect its online advertising franchise, Google appears to have trespassed on the intellectual properties of many companies to develop the open source Android and all its closed-source apps including Google Maps.
Navteq was started in 1985. When Nokia acquired it in 2008, it was the market leader with 80+% share of the auto and device market segments. Google, which used to license Navteq maps, only started to develop its own maps after Nokia acquired Navteq and refused to give Google control over the APIs. Even then Nokia and Navteq had already formed a very coherent technical vision of the future of wireless from some of their early ventures.. That vision, in part, included many ways to monetize wireless services thru location-based advertising.
In 2008, Google only had 38 search patents.. In 2008, Nokia/Navteq already had several hundreds if not thousands of very detailed mapping/location services patents. Google has since increased its own overall patent portfolio through acquisitions (Motorola, 1,000 IBM patents, etc) and its own amped up patenting activity, but I think they still trail Nokia/Navteg which currently has more than 9,000 mapping/location services patents.
XMAS shopping brings good tidings to Google Search,so expect good 4th qtr earnings.
As to someone c omparing GOOG to Berthshire Hathaway,Buffet does not buy concept stock,he does not buy companies in incubating stage,all his acquisitions are profitable while GOOG is using its cashcow Google Search to finance Google Glass,Motorola XPHONE,robotics ,I think Youtubes is the only acquisition which is making money,correct me If I am wrong.
The patent has a June 1994 priority date, proving that Nokia was working on mapping and navigation software years before Google was even founded
Consolidation is perfect today. Shorts will need a little luck! (no ill will / just opinion / credit to "eye am in da munny" for the heads up on that)
Someone bought 117 $1300 March 22nd Calls / Another bought 206 January 18th $1105 Calls
Many large block call buys above $1100 (100 block call options or above)
Bigger money thinks this is headed much higher.
so now Forbes and the other mainstream journals finally picking up the story....you all know how important maps is to Google's ad strategy....might be very bad for google, and possibly very good for Nokia..interesting development.
That does indeed look like they’re claiming a patent over the electronic method of providing directions from stored maps. And assuming that the patent is valid that would put rather a crimp on Google’s ambitions in this field.
Mueller goes on to posit that Nokia has many more such patents in reserve: the aim here is to get Google to the negotiating table, not to just claim a fee on this one single patent.
This is also rather more important to Google than the average patent case (say, over Microsoft’s FAT stack or something). For the real import of maps and all things associated with them is not that we look at maps and this gives Google more time with us, a greater share of our attention. It is, rather, that Google Maps are a crucial part of monetising mobile ads and access. For that positional data is allied with Maps in order to serve up the ads that concern whatever location we are currently in. That’s a very large revenue stream in the future and Nokia would obviously like to get a piece of it: as Google is similarly interested in not letting them have much of it.
This is more than the usual patent spat given the link between mobile ads, location and maps.
This could be a rather difficult fight for Google. Nokia is starting to flex its patent muscles in the mapping arena. And at least some of its patents predate the existence of Google itself, meaning that Google is going to find it difficult to claim priority. The big question will be not about this first case though: it’ll be about what Nokia has in reserve for later on:
“The patent Nokia is asserting in that German lawsuit is EP0766811 on an “electronic navigation system and method”. The patent has a June 1994 priority date, proving that Nokia was working on mapping and navigation software years before Google was even founded.
Claim 1 covers the following basic concept:
1. A method of transmitting route directions in a compact form, comprising the steps of:
(a) generating a first set of maneuver arms for providing a graphical representation of a calculated route to be taken by a vehicle through an intersection and geometric representations of a plurality of segments of roads to be traveled about an intersection along the route, wherein the intersection is an origin, and said representations of each of said plurality of segments of roads starts at the origin and radiates outward to an endpoint Xi, Yi to approximate the angles at which the roads approach the intersection, to depict a first intersection on a display, each maneuver arm of the first set of maneuver arms being represented by at least one endpoint;