Friday, December 16, 2011

Google Inc. (NASDAQ:GOOG) Locks Up Self-Parking Car Patent

Google Inc. (NASDAQ:GOOG) has patented a landing strip technology for its
self-driving cars. Google Inc. (NASDAQ:GOOG) Locks Up Self-Parking Car Patent
The search engine giant Google Inc. (NASDAQ:GOOG) has obtained a US patent for
"landing strip" technology for its self-driving cars. Using the new
technology, the cars can switch from human-controlled mode to autonomous mode
for finding parking places. Google Inc. (NASDAQ:GOOG)'s patent filing states,
"The landing strip allows a human driving the vehicle to know acceptable
parking places for the vehicle. Additionally, the landing strip may indicate to
the vehicle that it is parked in a region where it may transition into
autonomous mode". Google Inc. (NASDAQ:GOOG) shares were at 619.54 at the end
of the last days trading. Theres been a 14.2% movement in the stock price over
the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.17 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.23 Zacks Rank: 2 out of 31 in the industry

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