Microsoft to Acquire Yahoo! - Google Stock Plummets
On news that Microsoft was trying to acquire Yahoo! for $44.6 billion, Google’s stock plummeted and closed down 48.40 points (-8.58%). Microsoft’s bid to take a larger slice of the search and online advertising market had a strong impact on Google’s stock as investors grew weary of a combined Microsoft/Yahoo!.
The combined company would still not come close to matching Google Search’s global market share. According to Hitslink, Google’s total marketshare is 77.11%. A combined Microsoft and Yahoo! would only total 15.66%.
Google to Announce Q4 2007 Financial Results
MOUNTAIN VIEW, Calif. — Google Inc. (NASDAQ:GOOG) today announced that it will hold its quarterly conference call to discuss fourth quarter 2007 financial results on Thursday, January 31, 2008 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
The live webcast of Google’s earnings conference call can be accessed at http://investor.google.com/webcast. The webcast version of the conference call will be available through the same link following the conference call.
Google stock on an upswing
Google’s stock price is looking up a little after dropping steadily all month. The stock closed at $653.20 for the day.