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Google Finance, Govt, Policy and Business Issues Forum

Google 'spending like drunken sailors'

 7:12 am on Jul 20, 2007 (gmt 0)

I was amused by this headline grab of Google's operating expense blowout :


"The story is they've blown it on expense ... Operating expenses were much higher than everyone was expecting," said Jeffrey Lindsay, analyst at Sanford C. Bernstein, adding that "these guys have been spending like drunken sailors."

Not sure how the financial surgery will effect us folks.



 6:01 am on Jul 22, 2007 (gmt 0)

I could swear I used that exact same phrase here in WW over a year ago. LOL. Last I heard the stock was down $28 a share and expected to take a beating Monday. Probably about time for an "adjustment". Not really happy about it. Google has been kind to me lately. But the spending has been incredible. Anyone know what their latest P/E is?


 10:48 pm on Jul 22, 2007 (gmt 0)

Well I did use that phrase but it was in September 2005 and I had no idea it would get far worse than it was then.


 12:46 am on Jul 23, 2007 (gmt 0)

Could it be that a journalist referenced your terminology and was prompted by your remark.



 2:26 pm on Jul 23, 2007 (gmt 0)

LOL> I doubt it. I think it is just an identical observation generated by an obvious action.

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