Services Sector Review: Global Tablet Sales, RadioShack Ripe for Takeover

Google Inc (NASDAQ:GOOG): In a strategic shift, Google (NASDAQ:GOOG) is developing a home-entertainment system that streams music wirelessly throughout the home and would be marketed under the company’s own brand, sources say, the Wall Street Journal reports.

RadioShack (NYSE:RSH) could become a takeover target as short sellers push bearish wagers against the specialty retailer to a four year high, Bloomberg reports.

The shares closed at $605.91, down $5.55, or 0.91%, on the day. Its market capitalization is $197.00 billion.

Amazon.com, Inc. (NASDAQ:AMZN): Global tablet sales, which hit 67M in 2011, could grow to 248.6M by 2015, with smartphones projected to hit 1B during the same period, according to BGR.

The shares closed at $185.54, up $0.56, or 0.3%, on the day. Its market capitalization is $84.43 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com