Weekly Internet Update: Google & Zynga

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This week, we saw some significant developments related to Google ( GOOG ) & Zynga ( ZNGA ). Google stole the limelight this week, overshadowing every other company following the Google I/O 2012 conference. It launched the Nexus 7 tablet, which could obliterate the competition in the low end tablet segment, and also launched Nexus Q, a media streaming device. It also revealed stats which indicate that both Google Play and Google Plus are doing very well, and are continuing to gain traction in their respective markets.

In addition it demoed Google Glasses, which could be the next big thing in consumer tech, and will be launched in 2013. Besides that, it also launched Google Now which could improve the mobile search experience for Android users and bring it on par with Siri, and launched the Compute Engine which pits it against Amazon, the leader in the cloud based infrastructure space.

We currently have a $680 Trefis price estimate for Google , which stands nearly 20% above its market price.

Check out our complete analysis of Google

Zynga

The other major internet giant in the news this week was Zynga. Zynga hosted its Zynga Unleashed event earlier this week, and launched "Zynga with Friends", its new cross-platform gaming network at the Zynga Unleashed event this week. Zynga with Friends aims to provide a unified platform which will bring together all players from various platforms like Facebook, iOS, Android and others. The Zynga with Friends network will be connected with a social layer which is comprised of features like zFriends, a live social stream, chat. It also extended its Platform program to mobile, and added additional partners to the Zynga Platform.

Other than that, it also launched a couple of high profile games like The Ville, touted to be its most social game yet, and ChefVille, a game which enables players to create a virtual kitchen and learn how to prepare various meals. It also two other games in the Casino and Arcade genres - Zynga Elite Slots and Ruby Blast.

We currently have a $14 Trefis price estimate for Zynga which stands much higher than its market price.

Check out our complete analysis of Zynga



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: FB , GOOG , YHOO , ZNGA

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