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Tech News: Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT)

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Google Inc (NASDAQ:GOOG) EU Antitrust case may be progressing

As per the report published by multiple presses, it is believed that Google is moving closer to a settlement on the antitrust case with the European Union (EU). Google has reportedly responded to various EU complaints that it is favouring its own results in search pages with a few concessions.

How Should Investors Trade GOOG Now? Find out Here

If the deal is finalized and came into action, Google would then be bound for five years, overseen by a third party. Also, the company would be subject to significant fines if it failed to comply with the settlement terms during the five-year period.

On April 18, 2013, GOOG reported its earnings results for first quarter 2013 and said it earned profit of $3.3 billion, or $9.94 per share, on revenue of $14 billion. Excluding some items, Google posted earnings of $11.58 a share, above the street consensus of $10.68 a share. This beat in consensus is driven by an 8% tax rate and better Motorola losses.

Shares of Google went down by 0.15 percent in after hour trading session to $798.90.

Microsoft Corporation (NASDAQ:MSFT) Shares Surges After $2 Billion Investment from ValueAct Capital Management

MSFT traded up 3.58 percent Monday in reaction to a Bloomberg News report on that ValueAct Capital Management threw nearly $2 billion into Microsoft Corporation (NASDAQ:MSFT) taking about 0.75 percent ownership position (60 million shares). Based on Bloomberg data this represents about 25 percent of equity holdings.

Has MSFT Reached The Bottom and Ready To Hit New Highs? Find Out Here

On April 18, 2013, Microsoft reported fiscal third quarter 2013 results after the market closed. Net income of $6.06 billion or 72 cents a share has been recorded for the third quarter 2013, above the net income of $5.11 billion or 60 cents a share. Adjusted earnings of 65 cents a share has been posted for the third quarter, below the analyst’s estimate of 68 cents a share. Revenue for the quarter climbed 18 percent to $20.49 billion year over year.

On Monday, MSFT shares were up by 3.58 percent and closed at $30.83.


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