This Day On The Street
Continue to site
ADVERTISEMENT
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

It's Google's Turn to Dazzle at This Week's I/O Conference


We also expect to hear about upgraded tablets -- maybe a successor (possibly made by HTC) to the Nexus 7, a Nexus 10 to challenge the iPad Air and a some new Chromebooks/Chromeboxes, including a super-exclusive, top-of-the-line, second-generation Pixel 2.

We might even hear about an in-car computer system to rival Apple's new Car Play, an upgraded Chromecast video dongle, and we're bound to see the first examples of Google's modular smartphone system called Project Ara, but nicknamed the Lego phone because of its looks.

And, Google should have a lot more to say about Nest the home automation experts as well as Google Fiber, Google Satellites, Google Drones and all of the other projects the company is working on.

Seth Shafer, an analyst at SNL Kagan says he has no "secret insight" into what Google has planned but believes we'll hear at least three important announcements coming out of Google I/O conference:

  • Launch of Android Wear, a Google operating system for wearable technology
  • Launch of Google Fit, a health tracking service that competes with Apple's HealthKit service that it unveiled at its recent WWDC conference
  • Update on the status of Google's smart home offerings and initiatives via Nest as well as the recently announced acquisition of Dropcam

In Q1/2014 Google announced earnings of $6.27 a share before costs (like the sales of its Motorola Mobility division to Lenovo) on gross revenues of $15.4 billion and net revenues of $12.19 billion after paying commissions to Web traffic partners but disappointing analysts who expected a profit of $6.33 a share on gross revenue of $15.6 billion.

Google is expected to release its second quarter numbers on or around July 17.

Apple's iWatch May Need FDA Approval - and That's a Good Thing

Oracle Inks $5.3B Deal for Micros

-- Written by Gary Krakow in New York.

To submit a news tip, send an email to tips@thestreet.com.

Gary Krakow is TheStreet's Senior Technology Correspondent.
2 of 2

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $126.78 -1.50%
GOOG $531.25 -1.80%
FB $77.90 -1.20%
TSLA $234.45 1.70%
YHOO $41.35 -1.60%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs