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Tech News: Google Price Targets Are Up After Yesterday's Earnings Report


Plus, Steve Jobs threatened Palm in order to keep employees.

This column brings you the most interesting and useful business and financial commentary on the world of technology every day.

Link: Analysts Raise Google Price Targets After Strong Results

"Shares of the world's largest internet search company were set to open 5% higher on the Nasdaq.

"At least seven brokerages raised their price targets on Google Inc's (NASDAQ:GOOG) stock, which has risen about 15% in the last six months to close at $702.87 on Tuesday when the company reported its fourth-quarter results.

"'As the business continues to shift toward mobile and advertisers think holistically about clicks rather than about which devices they're coming from ... the Street will as well, and that bodes well for Google,' JPMorgan Securities analyst Doug Anmuth said in a note to clients."

Link: Steve Jobs Threatened Palm With Patents Over No-Poaching Deal, Says Court Filing

"Steve Jobs threatened Palm with a patent lawsuit if the company didn't agree to a deal with Apple whereby neither company would poach the other's workers, according to a legal filing made public today that quotes former Palm CEO Edward Colligan.

"The filing, a civil lawsuit brought by five tech workers against Apple (NASDAQ:AAPL), Google, and others that alleges the companies plotted to drive down wages, includes the following sworn statement from Colligan:

'In 2007, I received a call from Steve Jobs, the Chief Executive Officer of Apple. In the months before the call, several employees had moved between the two companies. On the call, Mr. Jobs expressed concern about employees being hired away from Apple by Palm. As a solution, Mr. Jobs proposed an arrangement between Palm and Apple by which neither company would hire the other's employees, including high tech employees. Mr. Jobs also suggested that if Palm did not agree to such an arrangement, Palm could face lawsuits alleging infringements of Apple's many patents.'"

Link: Andoid, iOS Top Developer Mindshare as Lead Platforms, but RIM's Not So far Behind, Finds Global Developer Survery

"When it comes to developing for mobile platforms, Android and iOS - the top two mobile platforms by device sales worldwide - are also first in the mind of app makers. But surprisingly, beleaguered BlackBerry isn't so far behind: an indication that, if RIM (NASDAQ:RIMM) really connects on BB10, it could have a shot at some kind of comeback, or at least the support of developers to make sure it has the content ecosystem to attract consumers.

"The findings come from a report out today from the analysts at Vision Mobile, based on the their annual developer survey, covering some 3,460 mobile app creators worldwide (we've embedded it in full below). The report also found that tablets are getting closer to smartphones as a priority, and that HTML5 is seeing some progress. But developing for web apps in general is still suffering from the fact that it's limited compared to native platforms when it comes to functionality."

Link: Report: Nokia's PureView Super Camera Coming to Windows Phone
"The next flagship Nokia (NYSE:NOK) Lumia phone is expected to use a vastly improved camera sensor. The Verge report, published on Wednesday, suggests the planned handset will be a 'a true PureView Windows Phone' meaning it could have a 41 megapixel camera along with better optical image stabilization.

"Nokia built a PureView 808 phone last year, mainly as a concept device to show how impressive the technology is. Pictures taken with the PureView 808 handset show outstanding detail even when zooming in on a photo. The sensor in the phone, however, was very thick in comparison to currently available, lower-resolution sensors, so it wasn't used in Nokia's Lumia 920. Instead, some of the features were included - the image stabilization, for example - and paired with a lower resolution sensor."

Link: Microsoft's Surface With Windows 8 Pro to Go on Sale February 9

"Microsoft's (NASDAQ:MSFT) transformation into a devices and services company got off to a rocky start last October.

"The first entry in the company's ambitious foray into the hardware market, the Surface with Windows RT, fizzled, earning tepid reviews and moderate sales.

"Now, 90 days later, Microsoft is poised to take another crack at the market, with a second member of the Surface family about to go on sale."
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