U.S. Markets closed

The Zacks Analyst Blog Highlights: Google, Microsoft, Apple, Motorola Mobility and Yahoo

For Immediate Release

Chicago, IL – June 7, 2012– Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Google Inc. (GOOG), Microsoft (MSFT), Apple Inc. (AAPL), Motorola Mobility Holdings, Inc. (:MMI) and Yahoo Inc (YHOO).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s Analyst Blog:

Google Continues Acquisition Spree


Google Inc. (GOOG) announced that it has acquired Quickoffice for an undisclosed amount. Plano, Texas-based Quickoffice makes mobile productivity software for consumers and businesses.

Quickoffice software is used for editing, viewing and creating Microsoft Word, Excel and PowerPoint documents on Android, iOS, and Symbian mobile devices. The company has its software installation in over 300 million devices worldwide in more than 180 countries.

Though Google is a market leader in online advertising, it has been trying to explore the mobile space and compete with Microsoft (MSFT) and others by offering its own suite of Office-like programs that are accessible on the Internet. A few applications like Google Docs are free of cost, while some sophisticated versions, called Google Apps, are sold in subscription packages costing $50 annually per user.

By bringing the Quickoffice superior software to its own Apps product suite, Google will be better positioned to compete against Microsoft and others in the mobile space. The deal will increase the number of business users, particularly the corporate tablet users, most of whom rely on Apple Inc.'s (AAPL) iPad and could easily become iCloud-dependent.

This is Google's second purchase specifically related to Microsoft Office interoperability. In March 2010, Google bought DocVerse, a start-up that makes software for cloud-based collaboration in Microsoft Office applications. In fact, the Internet search engine is on an acquisition spree.

This week, Google acquired the popular chat service Meebo for around $100 million. Very recently, Google closed its acquisition of cell phone maker Motorola Mobility Holdings, Inc. (:MMI) for $12.5 billion ($40 a share). In 2011, Google bought at least 26 companies.

Google has done very well in the first quarter, with its gross revenue touching a record $10.65 billion. Revenues from both Google-owned and partner sites continued to grow double digits on a year-over-year basis. Historically, Google has always fared better than Yahoo Inc (YHOO), which has been struggling to uphold itself, and Microsoft, which has yet to gain critical mass.

However, other legal entanglements related to competitive matters or patent infringements remain an overhang, keeping the Zacks Rank on Google shares at #3, which translates into a short-term Hold recommendation.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339




Read the analyst report on GOOG

Read the analyst report on MSFT

Read the analyst report on AAPL

Read the analyst report on MMI

Read the analyst report on YHOO

Zacks Investment Research

More From Zacks.com