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ALPHABET INC.

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Alphabet : Google to Tackle Coronavirus

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03/13/2020 | 04:38pm EDT

By Rob Copeland

 

Google was thrust into the coronavirus spotlight Friday with an announcement by President Donald Trump that the company was building a website to help stem the pandemic.

Though Mr. Trump was first to disclose the initiative publicly, Google late Thursday notified employees about the project, telling them in an internal note that it was being built under parent Alphabet Inc.'s tightly held Verily Life Sciences arm, according to a current employee.

The coronavirus effort is connected to Verily's "Project Baseline," an effort for patients to give Google their personal health information with an eye toward aggregation and better treatment of disease.

Few details were released in either the internal note or Mr. Trump's announcement.

Mr. Trump said, "Google is helping to develop a website that's going to be very quickly done. Unlike websites of the past, to determine whether a test is warranted and to facilitate testing at a nearby convenient location." He said that Google assigned 1,700 engineers to the project.

Google spokespeople did not respond to requests for comment. CNBC earlier reported Verily's involvement.

 

Write to Rob Copeland at rob.copeland@wsj.com

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Financials (USD)
Sales 2020 169 B - -
Net income 2020 28 823 M - -
Net cash 2020 124 B - -
P/E ratio 2020 34,5x
Yield 2020 -
Capitalization 981 B 981 B -
EV / Sales 2019
EV / Sales 2020 5,06x
Nbr of Employees 123 048
Free-Float 90,3%
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Mean consensus BUY
Number of Analysts 47
Average target price 1 508,90 $
Last Close Price 1 439,25 $
Spread / Highest target 25,1%
Spread / Average Target 4,84%
Spread / Lowest Target -22,2%
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Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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