What did you say Rush does all the time? Mislead people into fearing his opponents?
If that is the reason for the stock dip, it is likely an overreaction. If anything, the fight could drive traffic to Google, as people decide to jump away from search sites that place less value on user privacy. People are not just going to stop searching the web. Another theory is that the sell-off was a reaction to the first week of earnings season seeing a number of high-profile misses from bellwethers like Intel, Yahoo and Motorola and some firms, like eBay and Apple, that reported in-line but guided lower than expected. Google also received analyst downgrades. Mid-week, around the same time as Google's shares began their decline, Stifel Nicolaus and Standard & Poor's analysts both downgraded the stock from Hold to Sell. There's more consciousness now that Google's high-flying stock may be overvalued, given the substantial exposure the company has to the online advertising market, and company-specific risks such as click fraud. To some, it is reminiscent of the dot-com bubble days, when ad-supported web companies reached heady valuations, only to find themselves crashing and burning when the bottom fell out of the internet advertising market. http://www.cbronline.com/article_news.asp?guid=4FACA6B5-92B6-4CDA-96BD-5FC46AFF9220 On 1/23/06, Gruss Gott wrote: > Google, a 2006 "sure bet" according to Mad Money's Jim Cramer, > experienced its largest single-day drop ever on Friday, falling 8.5%. > The search engine has now shed 15% of its hefty market cap since > hitting an all-time high of $471.63 on Jan. 11. Friday, Google closed > at $399.46. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:193916 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
