The US Supreme Court ruled on Monday Alphabet:(GOOGL) in a copyright dispute Oracle: (ORCL), which incorporates Android software into a solution that could have a broader impact on technology developers. Shares of Google rose in the buying zone.


The Supreme Court ruled in favor of Google in the long-running case. Android mobile phones are used all over the world.

Google claims that Sun Microsystems, a Java software developer acquired by Oracle in 2010, has no problems with the development of Google’s Android mobile operating system through Android APIs or software interfaces had:

The Supreme Court ruled that copying the API by Google was “fair use of that material.” Google has enabled Java developers to create Android applications through the API.

The Silicon Valley software industry welcomed the decision. Technology industry groups say Oracle’s copyright infringement lawsuit threatens to undermine the widespread practice involved in creating many types of software.

“After more than a decade of litigation, this judgment is workable for a future of interoperability, copyright principles and innovation,” said Matt Schroers, president of the Computer Industry Association. “The Supreme Court ruling that fair use applies to the operating principles of computer code means that companies can offer competitive, interoperable products.”

Google share. The CEO of Waymo is leaving

Alphabet was faced with the prospect of paying Oracle about $ 9 billion in damages and possible royalties.

Shares of Google today rose 4.2% to a record high of 2,218.96, the highest level ever.

In terms of the weekly chart, GOOGL shares were flat on a flat basis. This provided a new entry point of 2,145.24.

According to the analysis of IBD MarketSmith, GOOGL shares moved to the 5% buying zone, which extends to և 2,252.50.

In addition, investors on Monday ousted the unexpected exit of Waymo CEO John von Krafchik

Alphabet reported on Friday that Krafchik, head of the autonomous vehicle department, will be replaced in 2015 by two co-chairs, Tekedra Mavakana and Dmitry Dolgov. Mavakana was the Chief Operating Officer of Waymo and Dolgov was the Chief Operating Officer of Waymo Technology.

Google’s relative strength rating, meanwhile, is just 68 out of a possible 99, according to IBD Stock Checkup. Top stocks tend to have an RS rating of 80 or higher.

Waymo evaluation is a key issue

The main issue for GOOGL stock investors was the valuation of Waymo self-driving car design and other bets, such as Google’s Verily Life Sciences unit.

In early 2018, some analysts forecast a long-term estimate of Waymo of $ 75 billion to $ 125 billion. Expectations for autonomous vehicles, however, have been reduced.

In March 2020, Waymo raised $ 2.25 billion from foreign investors, including Silver Lake, a private equity firm, the Pension Canada Investment Board, and the Abu Dhabi Mubadala Investment Fund.

Although Google did not disclose Waymo’s valuation at the funding stage, reports put the figure at just $ 30 billion at the time.

In addition, Google shares own B. Accumulation / Distribution Rating. This rating analyzes changes in the price of one share during the last 13 weeks of trading.

The A + – E rating measures the institutional buying and selling of shares. A + means heavy institutional procurement. E means heavy sales. Think of grade C as neutral.

Follow Reinhardt Krause on Twitter @reinhardtk_tech: For updates on 5G wireless, artificial intelligence, cyber security և cloud computing.


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