Sharpseo - 8:42 pm on Oct 15, 2007 (gmt 0)

Doesn't look overvalued at all to me, I'm not selling my meager Google holdings. Forward P/E is 31, extremely reasonable. They have TONS of room to grow, both domestically and internationally.

PPC spending will keep increasing for the forseeable future. Google's in a very sweet spot: great business model, growing industry, good management, generating tons of cash at an envious profit margin %.

Plus they have the potential to steal market share in the software industry from Microsoft. MSN stealing market share from them in search seems extremely unlikely at this point. Throw in the possibility of getting into the cell-phone market in some regard, plus tons of other side-projects of which a few will probably make it big, and looks good to me.