|
By Wireless Week Staff
WirelessWeek - October 11, 2007
Lehman Brothers has raised its guidance for Google's stock because it expects Google to launch its own phone next year, perhaps in February.
Lehman says in a new report Google has made mobile its top priority for 2008, along with display. "We believe the combination of a mobile phone and mobile operating system could serve as a material driver for Google beyond its existing business," the analyst firm says.
The so-called GPhone will be low-priced, have a simple form factor and its OS will be specifically designed for Internet applications, Lehman says. The analyst firm expects the GPhone will be as popular as Apple's iPhone, although Google will aim the phone at a broader audience than the high-end iPhone.
Google's share price, now about $636, could rise to $728 by the end of 2008 as the company expands its business into mobile, Lehman says.
|
