When search giant Google
With the precipitous rise of mobile devices like smartphones and tablets, particularly within the enterprise as "bring your own device," or BYOD, policies pop up throughout corporate IT departments, much of that focus is shifting toward keeping workers productive while on the go.
That provided an opportunity for a small start-up called Quickoffice to step up and address that demand. There are other offerings like DataViz's Documents To Go, but Quickoffice boasts higher ratings among users. Google just announced that it has acquired the small company and will be joining Big G's Apps team.
Financial terms weren't disclosed, but this move is continued evidence of Google's unparalleled moat-building prowess. Make an acquisition, then make the offering free, and bundle it in with Google's plethora of other services. It's not hard to imagine Google packaging a free productivity suite into Android phones and tablets.
Perhaps more importantly, Microsoft is widely expected to release a version of Office for the iPad later this year, after similar rumors fizzled last year. The New York Times is separately confirming the existence of such a project, according to its sources, although the timeframe remains up in the air. Needless to say, Microsoft will release Office for its tablet-bound Windows 8, so whipping up an iPad or iOS-friendly version isn't much of a stretch there.
With the Quickoffice acquisition, Google is further cranking up the mobile productivity suite heat on Mr. Softy.
Much like Office has always been a cash cow for Microsoft, the company itself has long been a favorite cash-cow dividend payer among value investors thanks to its steady cash flow. If you're looking to secure your future with another nine rock-solid dividend stocks, then we have a special free report with your name on it. These stalwarts are the best nine dividend-paying companies hand-picked by our analysts, and the report is totally free. It won't be free forever, so grab a copy now while you still can.
Fool contributor Evan Niu owns shares of Apple, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Microsoft, Google, and Apple. Motley Fool newsletter services have recommended buying shares of Google, Apple, and Microsoft and creating bull call spread positions in Apple. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.