stock price – SomeGadgetGuy

April 3, 2014

Google Completes Stock Split – Shares Trading at $570

Google’s been planning on splitting this stock for a while now, and following several months of trading at over $1100, the split has finally arrived.

Today, in a straight up 2 for 1, if you’re lucky enough to own some Google Stock, you just doubled your shares. This split also creates a “Class C” stock where people can own a chunk of the company but forfeit voting rights. It’s a smart play for Google as it helps insure company control as stocks are often used for acquisitions and employee compensation.

It’s not without a little controversy however as some analysts are claiming this move is intended to dilute voting rights.

Shares split today and traded as high as 580, at the time of this writing they’ve settled down to the high 560’s. Do you own any Google stock? Will this split affect your investments?

October 18, 2013

Google Stock Price Breaks Records and $1000 a Share

Well I suppose we all know who the “Big Bad” is now…

Google announced a pretty strong quarter during their earnings call yesterday. Even with somewhat weak performance from Motorola, Goog generated $14.9 Billion in revenue which represented a 12% increase over Q3 2012. This amounts to $2.97 Billion net income for the quarter (also an increase over last year), and Google announced they’re currently sitting on about $56 Billion in cash.

Investors seemed to appreciate this news, and in after hours trading, Google’s stock broke 1000 points for the first time in the company’s history. At the time of this writing, they’re currently up 120 points from before the earnings call, trading around 1010. Remarkable stock performance, leaping 13% over a period of less than a day.

Their current strategy, moving ads to mobile devices, incorporating more ads on mobile services, would appear to be paying off. It would also appear that some of Google other services like Google Apps (designed to compete against Microsoft’s business offerings) might be showing signs of life.

Now Google stands as one of the few companies which will cost you over $1000 to buy a single share of their stock. I totally should’ve bought in earlier… Sigh…

(via Google Investor Relations)

September 9, 2013October 2, 2013

HTC profits down 45% from a year ago. What does recovery look like?

Man. HTC just can’t catch a break here.

Last week, shares fell almost 5% on the news that HTC only pulled in $443 million this August, which is down 45% from a year ago. It seems that the critically acclaimed One and One Mini handsets aren’t quite motivating consumers to part with their cash. Investor confidence is also a little shaken by news of high level executives leaving the company. Some of those execs under investigation for allegedly leaking company secrets. In all, not a great position for the phone maker to be in given how competitive the phone landscape is.

The one resource HTC most likely needs to turn around its market image is likely the one most difficult to come by: Time. HTC’s recent moves have largely been celebrated by tech pundits. The HTC One marks the first handset by the company which isn’t hamstrung by carrier branding. Even the older One X was billed as the “Evo 4G LTE” on Sprint, diluting HTC’s presence. Future HTC phones will likely not be plagued by this consumer confusion.

Also, we recently saw the first fruits from HTC’s $1 billion ad campaign featuring Robert Downey Jr. and “Hipster Troll Carwashes”. This is a long term brand identity move, which should net positive results, but HTC is also in need of some short term sales to help boost confidence internally and with potential customers. They need evangelists and fans who will tout the company line, and be a grassroots first line of attack when new handsets are released.

Recent moves have been smart, HTC is trying to build a presence on sites like Reddit, and they’ve been more active on social media sites. It’s a tough road to build that kind of loyalty however. Their 716,000 Twitter followers are nothing to sneeze at, but pale in comparison to Samsung’s 4.4 million, and comparing recent tweets, actual engagement with likes and retweet action mirrors those follower numbers.

So while their long term strategies look sound, this isn’t a market known for patience, and that magical recipe for pairing good products and actual sales has been eluding numerous companies of late.

See my hands on reviews for the HTC One and the HTC One Mini.