Technology Group Regains Some Lost Ground Despite European Woes: Jefferies

Analysts at Jefferies “believe the continuing strength in pricing will somewhat offset the negative FX impact on Google's net revenues, and remain positive on the name.” The analysts say, “We note that NWS has already started offering short-term online access plans for its UK-based newspaper Times at price points of £2 per week or £1 for a day, a model they could bring to NWS's flagship newspaper in the US, the WSJ. It is too early to gauge the success of these efforts, but if most high quality newspapers end-up rolling out direct-to-consumer subscriptions, then it may prove difficult for Google and other search engines to scrape/index the data and monetize it.” “Best Buy BBY disclosed on its 1Q10 earnings call that the 4G phone from HTC EVO running on Sprint and Android was the best-selling pre-order phone in the history of Best Buy Mobile… AT&T CEO announced that the carrier plans to launch more Android phones this year, and that large device manufacturers continue to invest heavily in building flagship devices on Android. We view the continuing traction across the value chain for Android as positive for Google as it should lead to an increase in mobile searches and allow Google to roll out new mobile apps and advertising solutions for consumers and advertisers over time,” Jefferies adds. More Analyst Ratings here