NEW YORK (TheStreet) -- Shares of Google Inc. (GOOGL) are slightly lower after the U.S. Supreme Court today rejected the company's bid to dismiss a lawsuit accusing it of violating federal wiretap law when it accidentally collected emails and other personal data while building its Street View program, Reuters reports.
The justices left intact a September 2013 ruling by the 9th U.S. Circuit Court of Appeals, which refused to exempt Google from liability under the federal Wiretap Act for having inadvertently intercepted emails, user names, passwords and other data from private Wi-Fi networks to create Street View, which provides panoramic views of city streets, Reuters said.
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."