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Too Much Information to Google stockholders hurts price of shares

     

celgins

7:15 pm on Feb 28, 2006 (gmt 0)

WebmasterWorld Senior Member 5+ Year Member



An interesting news story about Google's earnings just came out on CNN about 20 minutes ago.

Search the CNN site and check it out.

tedster

7:40 pm on Feb 28, 2006 (gmt 0)

WebmasterWorld Senior Member tedster is a WebmasterWorld Top Contributor of All Time 10+ Year Member



You must mean this story:

Google can't win. The search engine is often criticized for not giving Wall Street enough information. But when it does open up, investors often don't like what they hear.

Shares of Google (Research) plunged as much as 13 percent in morning trading Tuesday after Google chief financial officer George Reyes, speaking at the Merrill Lynch Internet conference, said that growth was starting to slow in search.

[money.cnn.com...]

sore66

9:02 pm on Feb 28, 2006 (gmt 0)

5+ Year Member



Google doesn't care about stock prices. They are already rich. They are being honest as opposed to typical Wall Street cheerleading-make-the-numbers type pronouncements.

Many major corporations would (and have) run over their own grandmothers to make the numbers. Google just doesn't care.

 

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