Tuesday, January 14, 2014

Action Google reaches $ 1149 - FORTUNE

MEXICO CITY (CNNExpansión) – Stocks advanced technology giant Google on Tuesday more than $ 26, a day after it announced an agreement to Nest Labs Inc buy, a producer of smart thermostats and smoke alarms, for 3,200 million.

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papers the company rose 2.35%, or $ 26.42, to $ 1.149. After the market close, the title came to $ 1,150, according to data from CNNMoney.

Buying

Nest Labs is seen by analysts as a sign of the intent of the Internet company to expand to a wider range of devices and add knowledge in the design of equipment.

“Nest Labs seems to be focused on thermostats and smoke alarms, but it is not hard to see Google expand this technology to other devices over time,” said Shyam Patil, analyst at Wedbush.

“The home automation is one of the greatest opportunities when discussing Internet for everything and connect everything. This acquisition advances its strategy in this regard,” he added.

Nest Labs, based in Palo Alto, California, builds home devices such as thermostats that can be controlled at a distance through smart phones and smoke detectors stop talking and with a wave of his hand.

The company said that after the purchase, continue to support their applications for iPhone, iPad and Android, by which the temperature can be controlled from anywhere in the home where a user is located.

Nest has Kleiner Perkins, Lightspeed Venture Partners, Google Ventures and Shasta Ventures among its investors, and employs a lot of designers and engineers from Silicon Valley firms like Apple and Google.

With information from Reuters

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