Posted on 02/28/2006 7:55:14 AM PST by george76
The chief financial officer of Google Inc...
Tuesday said overall growth is slowing ...
The company will now have to "find other ways" to boost revenue...
The stock was down 11 percent, or more than $42...
(Excerpt) Read more at news.yahoo.com ...
Seriously though, has Google made the trip from likeable underdog to evil corporate whore in record time, or what??
Google was in the porn business for a while. Then they lost the lawsuit !
"from likeable underdog to evil corporate whore in record time..."
And they deserve it.
The stock market no longer bets on whether a company will be successful or not. Today's investor bets on whether or not other people will be dumb enough to pay an even higher price later on.
I used Google extensively then read an article about ask.com. Tried it and found I got better results. Still, Google gives away some excellent software. Their desktop search feature regularly finds e-mail and other documents that I couldn't find any other way. And their picasa photo manager found photos on my hard drive that had mysteriously 'disappeared'.
I can certainly understand why MS is worried about them. If they start giving out office suites, MS is in trouble.
"The bigger fool theory."
It can work for a trader, but it is too scary for me.
As a longer term investor, I believe that we have seen the top.
Yep...spot on...
When it shoes up on the cover of Newsweek, Time or some other checkout stand rag...that is exactley when you sell out...or go long as the case may be...
Watch for the covers when they talk about gold, oil, stocks or whatever...
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