Wall Street has a long romance with Google as a search engine. But feel the same with Google as a manufacturer of hardware?
Google on Thursday reported its first quarterly results since the acquisition closed by 12,500 million phone maker Motorola advanced in May.
The purchase of Motorola by Google, and the current uncertainty about the global economy, assume that Google suddenly seems far less familiar and less predictable for many investors, a fact that was highlighted in the report of the second quarter of the company.
"This is the first quarter that Motorola will be consolidated in terms of results, and will be a little uncomfortable," said Colin Gillis, an analyst at BGC Partners.
The absence of its chief executive, Larry Page, due to unspecified illness that caused "the loss of his voice," has not helped boost investor confidence at a time when the company faces a critical juncture.
Google shares have fallen about 14 percent from a peak of 52 weeks at $ 670.25.
Google is a "story running and that is why it is so disturbing that Larry now has a disease that has not been defined," said Gillis of BGC.
"He launched the company in this way and now can not be undone ... If sick right in the middle of the road and can not put as much energy as you would like, is a risk," he said.
Google on Thursday reported its first quarterly results since the acquisition closed by 12,500 million phone maker Motorola advanced in May.
The purchase of Motorola by Google, and the current uncertainty about the global economy, assume that Google suddenly seems far less familiar and less predictable for many investors, a fact that was highlighted in the report of the second quarter of the company.
"This is the first quarter that Motorola will be consolidated in terms of results, and will be a little uncomfortable," said Colin Gillis, an analyst at BGC Partners.
The absence of its chief executive, Larry Page, due to unspecified illness that caused "the loss of his voice," has not helped boost investor confidence at a time when the company faces a critical juncture.
Google shares have fallen about 14 percent from a peak of 52 weeks at $ 670.25.
Google is a "story running and that is why it is so disturbing that Larry now has a disease that has not been defined," said Gillis of BGC.
"He launched the company in this way and now can not be undone ... If sick right in the middle of the road and can not put as much energy as you would like, is a risk," he said.
