Google (NASDAQ: GOOG - News) is at work on two projects in the American Midwest that could change how we think of the search engine giant. These projects also have the potential to create a big new source of demand for select technology firms, while creating major competition for others.
In NextInning.com's recent report on Google and its new projects, available free to trial subscribers, looks at how investors can leverage these new developments for potential profits. Next Inning's model portfolio has returned 309% since 2002, over six times the return of the S&P 500.
In this report, Next Inning looks at several popular stocks, including Cisco Systems (NASDAQ: CSCO - News), Harmonic (NASDAQ: HLIT - News), Intel (NASDAQ: INTC - News), EMC (NYSE: EMC - News), Corning (NYSE: GLW - News), Finisar (NASDAQ: FNSR - News), Corning (NYSE: GLW - News), AT&T (NYSE:T - News), Verizon Communications (NYSE: VZ - News) and Comcast (NASDAQ: CMCSA - News).
Here is just a tiny sample of what Editor Paul McWilliams wrote about Google:
"In case you hadn't noticed, Google began toning down its criticism of content delivery companies a couple of years ago and, along with that, its support for the ill-named Network Neutrality legislation that only hampered capital investment by these incumbents. We could debate strategy and intent here for hours, but that matters little. What matters is the fact Google's facade has changed, and the evidence suggests it is moving towards the content delivery business model. But, that still doesn't answer the question as to why.
"Content delivery has always been a rather nasty capital intensive business with all sorts of government interference (regulation, misregulation, and very high pass-through taxes). Given the fact that there is already abundant competition in most areas from at least one cable and one telecom company, as well as satellite coverage that blankets the entire country, the question that begs to be asked is what is Google's angle? How will Google differentiate itself to consumers, and how can Google leverage the huge fixed investments better than the incumbents? What is really up Google's sleeve?..."
The Next Inning model portfolio is up 26% year to date versus 8% for the S&P 500. Click here to start your free 21-day trial membership to Next Inning Technology Research and get McWilliams' in depth reports, earnings previews, and real-time trade alerts.