Google's Stock Sinks 8.5% on Worries About 4Q

[frontpage]

Google's Stock Closes Below $400 for First Time in Two Months on Worries About 4Q

SAN FRANCISCO (AP) -- Google Inc.'s stock price plunged below $400 Friday for the first time in two months as a brewing battle with the Bush administration compounded investor worries about the online search engine leader's upcoming fourth quarter earnings report.

The Mountain View, Calif.-based company's shares dropped $36.99, or 8.5 percent, to close at $399.46 on the Nasdaq Stock Market. That marked Google's lowest closing price since Nov. 16 and capped the stock's worst week since its ballyhooed initial public offering 17 months ago.

Rest of article: [biz.yahoo.com...]

[dirksmith]

Considering it won't get lower, it's time to buy stocks!

[Jakpot]

Or unload now

[skibum]

They should handsomely beat expecations for Q4 but at some point the outlook won't be for outrageous growth and the stock will take a bigger hit.

[shorebreak]

Skibum - expectations are that Google will grow 25-30% in Q4 (vs Q3). What makes you think they are likely to beat 'handsomely'? I know Q4 is good for retail, but doesn't it seem like a 25-30% growth expectation makes it hard to beat?

-Shorebreak

[walkman]

>> Considering it won't get lower, it's time to buy stocks

how do you figure that out?

[Jakpot]

My money is on a continual decline of Google stock prices

[Zygoot]

Google's stock is back up. For the moment the price is $427.50.

I'm probably not the only one who wished he had bought a couple of dozens Google shares on Friday ;)

[skibum]

shorebreak - Why? Look at the Yahoo! announcement today, conceding search to Google [webmasterworld.com], eCommerce taking a chunk out of bricks & mortar [webmasterworld.com], a surge in search volume over the holidays. Check out the traffic logs for most sites, Google continues to grow. Sometimes putting 3 sponsored listings at the top of the results pages, most likely = more revenue. There are more and more sites waking up to search advertising. More and more brand advertisers will start to get in the game.

They'll miss expecations at some point but I'd be really surprised if it is for Q4.