Tech Business Report: Google Hits New Highs, Game Developers Slide
Shares of Google Inc. (NASDAQ:GOOG) hit new highs again on Tuesday, thanks to Capstone raising its price target to a whopping $910. The analyst foresees new big data products boosting the company’s ad business even further.
Don’t Miss: Google Searches and Finds a New All-Time High.
A report that said pay-TV providers want to offer console-quality cloud gaming services in 2013 and 2014, sent shares of game developers such as Take-Two Interactive Software, Inc. (NASDAQ:TTWO), Electronic Arts Inc. (NASDAQ:EA), Activision Blizzard, Inc. (NYSE:ATV), and THQ Inc.(THQ) sliding Tuesday. Should these services catch fire, they would have to depend on games from the top developers, more competition from social and casual games is also possible, along with less favorable revenue splits.
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