Wednesday, March 19, 2008
How Google may have 'won' a $19 billion wireless auction without a ... - BloggingStocks
Posted March 19th 2008 10:56AM by Filed under: , , , When the Federal Soldier Communications Committee releases the consequences from its $19 billion auction bridge of new radio spectrum, all eyes will looking for one name: (NASDAQ: ).The hunt giant is eager to spread out into the mobile world. Likelihood are that the company won't outbid Verizon Radio or (NYSE: ) for the "C" block of new spectrum that attracted a $4.74 billion bid. have reported that Google probably withdrew from the bidding. But as notes, Google scored a pretty important triumph already.
"While Google was not expected to post a winning bid, it have already achieved an of import triumph by influencing the auction bridge rules," the paper said. "The committee forced the major telephone set set companies to open up their radio webs to a broader array of telephone equipment and Internet applications."
In other words, people can download whatever application they desire to their mobile phones, which is exactly what Google desires to happen. that unfastened criteria are a cardinal characteristic of Google's Android mobile platform. Guess abounds about Google's involvement in the mobile area, though the much awaited
quot;We see Android as an of import portion of our scheme of furthering Google's end of providing entree to information to users wherever they are," Google Director of Mobile River Chopine Andy Rubin recently wrote on the official. "We acknowledge that many among the battalion of mobile users around the human race make not and may never have got an Android-based phone. Our ends must be independent of device or even platform."
Shares of Google, like many other stocks, have got gotten hammered this twelvemonth because of concerns about a deceleration economy. For Google to bounce from its 36% decline, the company will necessitate to convert investors that great things are on the horizon. Google's mobile scheme may assist pushing the stock back to the degrees many investors believe it is worth.
Labels: auction, federal communications commission, giant, google, mobile world, nasdaq, nyse, odds, verizon, verizon wireless, wireless spectrum
