NEW YORK (TheStreet) -- Google (GOOGL) will reportedly develop a 3d vision-capable tablet as part of its research effort Project Tango. According to The Wall Street Journal, the company will develop 4,000 prototypes in June similar in design to its 3D vision smartphone unveiled in February.
The prototype will likely feature a 7-inch screen, two rear-facing lenses and infrared depth sensors to digitally map out three-dimensional images of a user's surroundings.
Google isn't the only one tinkering with cutting-edge hardware. In March, Facebook (FB) acquired Oculus VR, a developer of virtual reality and motion sensor tech. Last year, Apple (AAPL) snapped up PrimeSense, a company which created sensors for the Xbox Kinect.
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TheStreet Ratings team rates GOOGLE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOGL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share."