Markets have given back a bit as consumer confidence falls and the Richmond Fed drops. Shares of GOOG are up with tech. Google's annual developer conference Google I/O gets under way tomorrow. Investors continue look for Android momentum and monetization on smartphones and tablets; integration of Motorola; regaining ground in China; the resurgence of Google TV; continued growth of YouTube; expansion of social network Google +; and progress in other initiatives (location-based services, mapping, Google Wallet, Google Music, etc.). The stock trades at approximately 9.9x Enterprise Value / EBIT.
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