7:01am 01/04/06 Google upgraded, price target raised at Bear Stearns (GOOG) By Tomi Kilgore NEW YORK (MarketWatch) -- Google (GOOG) was upgraded to outperform from peer perform at Bear Stearns, citing confidence in the Internet search company's long-term fundamentals and the burgeoning "Google ecosystem," which Analyst Robert Peck uses to describe Google's growing interactive business community. Peck also raised his 2006 stock price target to $550 from $360. "We believe the ecosystem as 5 main attributes: Google's size is developing new sectors as a derivative; Google's direction and partners should have a resounding effect on existing companies; the ecosystem should act as self-reinforcing to Google; Google's hardware competency is underrated, and a significant advantage; and the ecosystem growth should create an economic 'lift' for Google," Peck said. The stock closed Tuesday up $20.37, or 4.9%, at $435.23
I repeat: the only way to make a bull case for Google's stock is to invent new and nonsensical business models for them. Martin
Wrong again, dude. Do you always make statements of FACT out of baseless rumors? How typical of you. Google denies Google PC reports January 3, 2006 5:36 PM PST Google has denied reports that it is working on a low-price personal computer, or a "Google Cube," that would link up a user's PC, TV, set-top box and cell phone. "We have many PC partners who serve their markets exceedingly well, and we see no need to enter that market; we would rather partner with great companies," Google said in a statement. http://www.thestreet.com/_yahoo/tech/internet/10260043.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Sorry Wags, I was just posting what 5 other papers reported. The rumors were not baseless, and just because they issued a statement saying they were not working on a personal computer, does not make it not true. If you recall, Steve Jobs said the exact same thing when asked if they were going to introduce a video-ipod last qtr. And low and behold, that is EXACTLY what they did.
Monopoly? Microsoft and Yahoo are both out to eat Google's lunch as well as the search firms in China where Google doesn't have shit going. As far as revenues are concerned, they make 99% of their money from online advertising. The only reason they did the deal with AOL was to prevent a loss of business to microsoft, since AOL is responsible for around 8-10% of Google's revenue. At this point even Google themselves say their margins are starting to get squeezed and their growth is going to slow. The party is over. Most of these other programs that provide access to information are meaningless if Google cannot figure out a way to monetize the information; they have yet to show they can monetize a lot of their new ventures. My 2 cents. Mav you are pretty full of shit.
Uh excuse me, what is Baidu.com? So much for not having any access into China. Yeah, you know what, I think you are right. GOOG is pretty much done. Oh wait, the stock just made a new all time high today. Oops, you're not short are you? Ouch.
What are you clowns on such a rant about, there is an strikingly easy remedy available to you to play your superior market knowledge to your advantage, short GOOG. Do it now. Do it big.
It would be nice if people would provide factual evidence on GOOG if you are going to knock such a strong company.