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GOOG Stock Down 8% Today

5:13 pm on Feb 26, 2008 (gmt 0)

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I see Google's share price has taken a tumble, down from $750 to $450 today - is this the last of the dotcom crashes?

Afterall they have not created the next big idea and are still selling advertising for a living.

Will they bounce back or will investors now take a more realistic look at their business model?

Who knows perhaps Yahoo may even buy them :)

UBS cut its price target on Google Inc after U.S. paid-search data for January showed Google's sponsored clicks, the basis for its advertising revenue, fell 7 percent sequentially, and shares of the Web search giant tumbled more than 8 percent.

"While Google's search volumes were decent (up 39 percent year-on-year), actual paid clicks were flat...continuing a decidedly negative trend," analyst Benjamin Schachter said in a note.


[edited by: Brett_Tabke at 7:22 pm (utc) on Feb. 26, 2008]
[edit reason] added links to story [/edit]

5:23 pm on Feb 29, 2008 (gmt 0)

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Google reminds me of Altavista a few years ago.

Sorry, but this comparison always drives me nuts. Altavista was a neglected stepchild of a company. There was no money in search in their day.

They didn't get the funding they needed from their parent company, so they couldn't innovate. Management changed a bunch of times, dotcom crash, etc etc.

Is Google innovating in search? Yes. Well-funded? Yes.

There's always the possibility of someone startup revolutionizing search tech the way they did. But I think it's highly unlikely for the foreseeable future.

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