The AP via The Seattle Times:
S&P said Tuesday that while the acquisition would include a patent trove, that might not be enough to keep Google’s Android mobile operating software from encountering intellectual-property issues. It downgraded its rating on Google’s shares to “Sell” from “Buy.”
S&P is all sorts of reactionary lately,1 but still they not only changed the rating but cut the price target by $200. That’s got to hurt.
It always it, truthfully. ↩