Alphabet Inc (NASDAQ:GOOGL) Continues Its Fight Against Uber
- Uber could settle its legal dispute with Alphabet, its frenemy turned foe that is suing the company for allegedly misappropriating self-driving trade secrets, now that the two companies are engaged in court-mandated settlement talks. Or at least that’s what the ride-hail company’s executives told investors during a call on Tuesday.
- But as of today, Alphabet still expects to take this case — in which the company alleges former executive Anthony Levandowski downloaded 14,000 proprietary files and took them to Uber — straight to trial.
- “We believe we have strong evidence to put in front of a jury about Uber’s misappropriation of Waymo’s trade secrets and look forward to trial,” an Alphabet spokesperson said in a statement.
Alphabet Inc. is a holding company. The Company’s businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 1,009.52.
The projected lower bound is: 945.44.