GOOG has been gliding higher with the recent market rally, going from under $400 to almost $430 in 1 week, closing today at $428.4. This evening, according to FT.com, "Acer, the world’s third biggest PC maker, on Tuesday said it would start producing the world’s first mainstream notebook computer using Google’s Android operating system before the end of September." Google's Android system was originally designed for smartphones and caused some stirs in the media back in 2008. Sony Ericsson and HTC are planning to release Android phones in summer of 2009. But, now, it seems smartphones are not the only places where Google intends to deploy its Android.
Microsoft has been focusing so intently on competing with Google in the "search" arena. Has Google now opened a new battlefield by creeping onto Microsoft's own turf? Many have tried to compete with the mighty Windows. Apple certainly has its big share of the personal computer market; but, Windows still has the monopoly in the so-called "PC" computers. Can Google's Android provide a legitimate threat to Windows?
Since reaching above $700/share in October 2007, GOOG has fallen all the way to below $300 in November 2008, before climbing back to the recent prices in the low $400s. GOOG traded slightly higher in after-hours today, up $1.35 at $429.75. Staying above $425 is bullish for GOOG. With the news on Android this evening, GOOG may be ready to propel higher!
Good night and HappyTrading! ™
