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google, Google $100, Google Markets, Google Stock
google, Google $100, Google Markets, Google Stock

Google Dips Below $500 for 1st Time

February 4, 2008 07:00 PM EST | AP

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NEW YORK — Shares of Google Inc. on Monday fell below $500 for the first time since August, days after a lackluster fourth-quarter earnings report and a $42 billion buyout offer from Microsoft Corp. for Google's largest rival, Yahoo Inc.

Google shares fell $20.47, or 4 percent, to close at $495.43. They have ranged from $437 to $747.24 over the past year.

Shares of Mountain View, Calif.-based Google have fallen about 12 percent since Microsoft's $42 billion bid for Yahoo was announced Friday. Google reported its quarterly earnings after the market closed Thursday.

Stephen Houck, a former antitrust enforcer in New York state, predicted that Google could have a hard time raising antitrust concerns over the deal.

Additionally, on Sunday Goldman Sachs analyst James Covello removed Google from the "Goldman Sachs Technology Favorite Growth" list, citing a recent sell-off in the shares. He noted the stock has fallen 14.1 percent since it was added to the list on Jan. 18, exceeding a stop-loss threshold.

In a note to clients, Covello attributed the sell-off to concerns about Google's exposure to an economic downturn, particularly in light of the company's fourth-quarter results, which missed Covello's estimates and the Wall Street consensus.

However, the analyst maintained a "Buy" rating, and called the stock's valuation compelling.

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- Tator I'm a Fan of Tator permalink

What is so hypocritical about the moonbats here is they are always railing against "big companies" that have a large market share...unless you are Google a known left wing sympathizer and liberal news filter.

Their hypocrisies became evident when it was brought to light Google helped Communist China go after free speech democracy advocates. The moonbats here at HP never said a word as their 'brothers" rounded up people who spoke out against socialism/communism, and Google help identify them and track them down.

    Favorite    Flag as abusive Posted 05:11 AM on 02/05/2008
- themodernleader I'm a Fan of themodernleader permalink

Only a fool believes that a stock that has a PE ratio of 70:1 is undervalued or fairly value.

    Favorite    Flag as abusive Posted 07:45 PM on 02/04/2008
- KindAndThoughtful I'm a Fan of KindAndThoughtful permalink


A million here, a million there, after awhile you are talking about some serious money.


http://verybestwebsites.blogspot.com/

    Favorite    Flag as abusive Posted 05:55 PM on 02/04/2008
- adc I'm a Fan of adc permalink

Damn! That means Larry and Sergei are down to last $12 billion or so (each)... Guess it's time to sell the private plane and whip out the Ramen Noodles.

    Favorite    Flag as abusive Posted 04:52 PM on 02/04/2008
- mrcontinental I'm a Fan of mrcontinental permalink
photo

The train is inching closer and closer to the cliff. Good Luck.

    Favorite    Flag as abusive Posted 04:17 PM on 02/04/2008
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