Msg#: 3585172 posted 5:13 pm on Feb 26, 2008 (gmt 0)
I see Google's share price has taken a tumble, down from $750 to $450 today - is this the last of the dotcom crashes?
Afterall they have not created the next big idea and are still selling advertising for a living.
Will they bounce back or will investors now take a more realistic look at their business model?
Who knows perhaps Yahoo may even buy them :)
UBS cut its price target on Google Inc after U.S. paid-search data for January showed Google's sponsored clicks, the basis for its advertising revenue, fell 7 percent sequentially, and shares of the Web search giant tumbled more than 8 percent.
"While Google's search volumes were decent (up 39 percent year-on-year), actual paid clicks were flat...continuing a decidedly negative trend," analyst Benjamin Schachter said in a note.