Voices

U.K.: Google Breached Laws

U.K. officials ruled Wednesday that Google Inc. broke the law by collecting data from wireless networks for its Street View mapping service, reflecting growing scrutiny in Europe of the U.S. Internet company’s privacy practices.

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Moto: Morgan Keegan Sees Upside Post Phone Spinoff

Shares of Motorola are up eight cents, or 1.2 percent, at $6.86, after Morgan Keegan analyst Tavis McCourt this morning writes to clients that he’s taken a “deep dive” into Moto, after spending six hours with company management yesterday, reiterating an “Outperform” rating on the stock and a range of valuations from $7 to $12 depending on the progress of the mobile devices unit, which Moto is planning to spin off.

Ericsson: Thanks a Lot, Sony

Now we know why Ericsson declined to offer a specific business outlook for 2009 when it last reported earnings. This morning the company posted a 35 percent drop in first-quarter profit, its financials undermined by its Sony Ericsson joint venture and by customers postponing purchases because their local currency has collapsed.

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Best Buy: Now Everyone Wants an Army Of Geeks

Best Buy (BBY) has a nice niche with its Geek Squad, providing tech-savvy service people to help customers set up large-screen televisions, home theater systems, wireless networks and other high-end consumer electronics goods.