Google Shares Surge Amid Robust Growth in Mobile Business

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Shares of Google Inc. surged more than 7 percent on trading hours Friday, a day after the Internet giant reported a robust growth in its mobile business and upbeat revenue forecast in emerging markets in the third quarter of this year.

Shares of Google Inc. surged more than 7 percent on trading hours Friday, a day after the Internet giant reported a robust growth in its mobile business and upbeat revenue forecast in emerging markets in the third quarter of this year.

On Friday, Google’s shares at the Frankfurt bourse were up by 7 percent, while shares listed at Nasdaq rose to about $599.60 in the early hours of trading.

The strong growth in its mobile business has lifted investors’ confidence, highlighting the importance of Google’s Android mobile operating system.

Many investors are doubtful that online search giant would meet its targets for the quarter due to the European financial crisis.

But many experts said that the Android OS, now the most-used smartphone platform in the world, has already proved itself and has vindicated Google with its decision to buy Motorola Mobility Holdings.

Google earlier announced its plans to acquire Motorola Mobility for $12.5 billion, giving the online firm access to one of the largest patent libraries in the wireless industry.

The deal would also allow Google to maximize the development of its own line of smartphones.

To date, Google’s Android is the most preferred platform among smartphone makers with over 190 million devices powered by its software – up from 135 million in mid-July.

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