This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Did Microsoft Outfox Google?

NEW YORK ( TheStreet) -- If you've been waiting to buy into the big tech stocks, you may not have to wait much longer. After Wednesday's almost 2% decline in the Nasdaq 100, which fell to an intraday low of 3,186, it has corrected almost 4% from its 52-week high of nearly 3,307.

Wednesday we saw Apple (AAPL) hit a new 52-week low, down over 6% to $398.11. Apple releases its earnings report next Tuesday, April 23, after the markets close. It may be the most anticipated earnings release in the company's recent history.

For now all eyes are on Thursday when, after the close of the markets, both Google (GOOG - Get Report) and its rival Microsoft (MSFT - Get Report) report on first-quarter 2013's earnings and sales growth.

Since MSFT inked a patent licensing deal with the parent company of Foxconn, Hon Hai, GOOG shares have been under pressure. Hon Hai is a contract manufacturer that makes most of the Android and Chrome devices, including the smartphones and tablets. That's not good news for Google shares, which corrected as much as 1.6% Wednesday to as low as $778.10 before closing at $782.56.

GOOG is the company that created and developed Android and Chrome platforms, which it offers for free to smartphone manufacturers. To make money GOOG pins its hopes on the online advertising traffic generated by its rapidly growing user base. Google has become the most successful competitor in the mobile device market as a result.

MSFT has also been in the fray, hoping to compete. Using its huge portfolio of patents and extensive experience, MSFT has made forays into both the smartphone and tablet markets. That's one of the reasons Google purchased Motorola Mobility in 2011 to expand its patent portfolios. The result has been a continuing battle over intellectual property in the mobile devices arena.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $693.01 0.00%
MSFT $49.87 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs