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A new Internet advertising forecast shows slower growth for paid search listings in the next 5 years, a projection that raises questions about Web search leader Google's prospects as it goes public.
OMG! SLOWER growth! The sky is falling! Quick! Sell everything! ;-P
Ya know .... I remember the days when ... companies used to announce an annual LOSS and the markets didn't run around like a bunch of chooks with their heads cut off ...
Then again, maybe the world view is just different where I come from,
Google made the choice to alienate institutional investors by trying to raise as much as possible for a poorly managed company. The institutional investors would certainly have been on board if not for this stupid auction and obscene prices.
Google looks like a group of children right now (which they are). They do not know what they are doing, they are just taking shots in the dark. What do they need so much capital for anyways? I have not found a good reason for raising so much money. They need to stop making little side projects and focus on search. Once they are good at search, which they are obviously not, they should move on.
It's all about market value.
Eg: If it was $1000 / share and only 1000 shares, would I buy shares? Yah, I'd buy all 1000 of them if I could.
If it was 1$/share and there were 100 billion shares would I buy any shares? Not very likely..
The question is if Google is worth 30-35B$ / 200 times present earnings.
I'd say it's a little optimistic.