Newspaper wrap-up: Google aims to run its own mobile network
Posted Nov 16th 2007 8:45AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), Advanced Micro Dev (AMD), Staples Inc (SPLS)
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MAJOR PAPERS:
- Google Inc (NASDAQ: GOOG) may have plans for a gPhone, but their real objective is to run their own mobile network, reported the Wall Street Journal. The company is reportedly looking at a $4.6B wireless network bid.
- Abu Dhabi's Mubadala Development may look to take a 9%, or approximately $700M, stake in Advanced Micro Devices Inc (NYSE: AMD), the Financial Times' Alphaville blog noted. An investment may draw the attention of the U.S. committee on foreign investment.
OTHER PAPERS:
- According to Business Week's "Inside Wall Street" column, the patent Biodel Inc (NASDAQ: BIOD) was granted in September for its VIAdel technology was "key," as it opens up markets for products estimated at $2.3B.
- Glass container maker Owens-Illinois Inc (NYSE: OI) is defying the current market tumble due to earnings momentum, reported Business Week's "Inside Wall Street" column.
- According to BW's "Inside Wall Street" column, some money professionals are "snapping up" shares of retailer Staples Inc (NASDAQ: SPLS) despite the housing slump, credit crunch and rising gas prices.
Tags: Advanced Micro Devices, AdvancedMicroDevices, AMD, BIOD, Biodel, GOOG, Google, gPhone, Mubadala Development, MubadalaDevelopment, OI, Owens-Illinois, SPLS, Staples
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