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Here are what matters to average investors--the headlines:
"UPDATE - Google profit misses Street target, shares drop"
"Google's quarterly results fall short of expectations"
"Google profit misses Street target"
"Google Earns $372.2M in 4Q, Misses Views"
Goog's valuation was and still is scary: they're worth about half of MSFT, and MSFT makes about $3 Billion a quarter in profit from a gazillion sources.
[edited by: walkman at 10:26 pm (utc) on Jan. 31, 2006]
Once again: they didn't make the rules. Everyone does the stock option things, and I would do the same. Actually, I would've messed up and sold at least 30% of my shares at $85...
Someone BIG is blasting Google with all blasters. I've read Barron's article. Although author makes pretty intelligent statements, nothing in that article is revealing and should make a company stock go down 50%.
Why funny? Nothing's changed fundamentally. Re: insider's selling - insiders sell at every company. Insiders typically sell on scheduled intervals so that it doesn't affect stock price. It makes sence - they made the money "on paper" (i.e. stocks), now they want the real coin. They protect the future of their families.
But - GOOG should fall 50% if they fail to produce A SECOND SOURCE OF REVENUE. That is crucial IMHO.
He layed down the risks, and that is enough. G's price has been pushed this high because of speculations that it could do no wrong and it would crush every field it enters. The article suggested that it may not be as easy to compete with MSFT, YHOO, telecoms, book publishers etc., and even if Google screws up or get screwed a bit, the investors will be disappointed.
Let's not forget that even at 50% off, Goog would still be valued at about $50 Billion. Not exactly a penny stock.