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Google sees growth slowing, largely organic

Stock down 11% from CFO's comments

         

poster_boy

4:07 pm on Feb 28, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Google sees growth slowing, largely organic: report
Tuesday February 28, 10:47 am ET

NEW YORK (Reuters) - The chief financial officer of Google Inc. (NasdaqNM:GOOG - News) on Tuesday said overall growth is slowing and is largely organic, according to cable network CNBC.

The company will now have to "find other ways" to boost revenue, according to the television network.

The stock was down 11 percent, or more than $42, after the report.

PaulPA

4:09 pm on Feb 28, 2006 (gmt 0)

10+ Year Member



Expect more on this story:

[news.moneycentral.msn.com ]

BennyBlanco

4:37 pm on Feb 28, 2006 (gmt 0)

10+ Year Member



Yeah, stock already down 10% after this. Hope people are playing the recent ups and downs well.