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Monday, November 7, 2011

Google chairman says will not favor Motorola, (NASDAQ: GOOG), (NYSE: MMI)

The executive chairman of Google Inc on Tuesday played down concerns that the search giant would give preferential treatment to Motorola Mobility Holdings after its planned purchase of the firm, saying the deal would not violate the openness of its Android operating system. "We will run (Motorola) sufficiently and independently in a way that will not violate Android's openness...we're not going to change in any material way the way we operate," Eric Schmidt said at a press conference on a visit to South Korea.

Google Inc. (Google) is focused on improving the ways people connect with information. Shares of GOOG traded higher by 2.04% or $12.19/share to $608.33. In the past year, the shares have traded as low as $473.02 and as high as $642.96. On average, 3613730 shares of GOOG exchange hands on a given day and today's volume is recorded at 3358867.

Motorola Mobility Holdings, Inc. is a provider of technologies, products and services that enable a range of mobile and wireline digital communication, information and entertainment experiences. Shares of MMI traded higher by 0.36% or $0.14/share to $39.11. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 9567780 shares of MMI exchange hands on a given day and today's volume is recorded at 2708765.



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