snag - 8:48 pm on Feb 26, 2008 (gmt 0)

In a year you'll all be kicking yourselves for not buying Goog. Their earnings were 4.43 compared to predicted 4.47...that's not a miss. They grew 50% yoy - can you name another company that did that? What's their PEG? Google's PEG is now way below 1. Let's not forget this report is a guess on US traffic only, which accounts for only half of Google's revenues.
Google's formula is so damn simple. Market share * internet usage (in general terms, ad clicks should be roughly correlatd) * avg cpc = profit. All three things on the left are going up, and will continue to.
Let's not forget that the average net user isn't like it was back in altavista or lycos days, when everyone was a nerd and jumped ship at the drop of a hat. Today's average net user doesn't even know what a browser is, and barely understands that Google means search. Even if a better technology came along (and it hasn't in what, 10 years?), my parents won't be switching any more than they'll be downloading firefox, even though it's 10 times the browser IE is.