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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Alphabet : Achieved? Google executives' appraisals sought in U.S. antitrust case

05/27/2021 | 04:48pm EDT
FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California

WASHINGTON (Reuters) - Lawyers for the Justice Department and Alphabet's Google tangled on Thursday over whether the company should hand over performance reviews of executives whom the government is considering calling as witnesses.

In a pre-trial hearing, Kenneth Dintzer, speaking for the Justice Department, gave the example of an executive who might say in a self-assessment that Google has hit 85% market share in a certain area and his or her goal is to increase it. Dintzer stressed that the government did not want sensitive health or other personal information.

John Schmidtlein, who argued for Google, said he found it hard to believe that a performance review would have information that would break open an antitrust case. He also said he had "never heard" of performance reviews being subpoenaed in an antitrust case.

Judge Amit Mehta said that he would like to see data from personnel files of six people, and that he would read them and decide. "I take the government at its word that there may be some relevance to these files," he said.

The Justice Department filed an antitrust lawsuit against Google in October, alleging the company acted unlawfully to maintain its position in search and search advertising on the internet.

A state antitrust case, filed in December, accused Google of seeking to extend its dominance to devices like speakers, televisions and even smart cars.

The two cases have been combined for pre-trial matters.

The next pre-trial conference was set for the end of June. The federal case is expected to go to trial in September 2023.

(Reporting by Diane Bartz; Editing by Cynthia Osterman)


© Reuters 2021
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2021 250 B - -
Net income 2021 68 645 M - -
Net cash 2021 140 B - -
P/E ratio 2021 27,9x
Yield 2021 -
Capitalization 1 882 B 1 882 B -
EV / Sales 2021 6,95x
EV / Sales 2022 5,86x
Nbr of Employees 144 056
Free-Float 93,1%
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Number of Analysts 45
Last Close Price 2 816,00 $
Average target price 3 201,73 $
Spread / Average Target 13,7%
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Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
Louis John Doerr Independent Director
Ann Mather Independent Director
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