Forbes : Always wrong on every single stock pick. they hated it pre-ipo, does anyone remember. After the fact they act like they called every move. They also hated GM at 18 its 21.
GOOG Google breaks down to fresh session lows (444.00 -23.00) -Update- -Technical- Next area of interest lies at its early Jan bullish gap b/w 435.67/439.75.
It is not his job to present the underlying data to his findings. First, because everyone can see the ways which his company's perform analysis (there are very different approaches). And more importantly, the common person would not understand what all the numbers mean and when people don't understand, they don't pay attention. Just like I said that I agree with him based on my analysis, I did not tell you all the data I used with my analysis. (it is in an old ET post if you really want to see it). RT
Posted on Thu, Jan. 19, 2006 Feds after Google data By Howard MintzMercury News The Bush administration on Wednesday asked a federal judge to order Google to turn over a broad range of material from its closely guarded databases. The move is part of a government effort to revive an Internet child protection law struck down two years ago by the U.S. Supreme Court. The law was meant to punish online pornography sites that make their content accessible to minors. The government contends it needs the Google data to determine how often pornography shows up in online searches. In court papers filed in U.S. District Court in San Jose, Justice Department lawyers revealed that Google has refused to comply with a subpoena issued last year for the records, which include a request for 1 million random Web addresses and records of all Google searches from any one-week period. The Mountain View-based search and advertising giant opposes releasing the information on a variety of grounds, saying it would violate the privacy rights of its users and reveal company trade secrets, according to court documents. Nicole Wong, an associate general counsel for Google, said the company will fight the government's effort ``vigorously.'' ``Google is not a party to this lawsuit, and the demand for the information is overreaching,'' Wong said. The case worries privacy advocates, given the vast amount of information Google and other search engines know about their users. ``This is exactly the kind of case that privacy advocates have long feared,'' said Ray Everett-Church, a South Bay privacy consultant. ``The idea that these massive databases are being thrown open to anyone with a court document is the worst-case scenario. If they lose this fight, consumers will think twice about letting Google deep into their lives.'' Everett-Church, who has consulted with Internet companies facing subpoenas, said Google could argue that releasing the information causes undue harm to its users' privacy. ``The government can't even claim that it's for national security,'' Everett-Church said. ``They're just using it to get the search engines to do their research for them in a way that compromises the civil liberties of other people.'' The government argues that it needs the information as it prepares to once again defend the constitutionality of the Child Online Protection Act in a federal court in Pennsylvania. The law was struck down in 2004 because it was too broad and could prevent adults from accessing legal porn sites. However, the Supreme Court invited the government to either come up with a less drastic version of the law or go to trial to prove that the statute does not violate the First Amendment and is the only viable way to combat child porn. As a result, government lawyers said in court papers they are developing a defense of the 1998 law based on the argument that it is far more effective than software filters in protecting children from porn. To back that claim, the government has subpoenaed search engines to develop a factual record of how often Web users encounter online porn and how Web searches turn up material they say is ``harmful to minors.'' The government indicated that other, unspecified search engines have agreed to release the information, but not Google. ``The production of those materials would be of significant assistance to the government's preparation of its defense of the constitutionality of this important statute,'' government lawyers wrote, noting that Google is the largest search engine. Google has the largest share of U.S. Web searches with 46 percent, according to November 2005 figures from Nielsen//NetRatings. Yahoo is second with 23 percent, and MSN third with 11 percent.
Who gives a crap about what forbes thinks? he's just another rich white man who got money from his family, he knows nothing. If anything I would want to know his position so I could take the other side. Im so sick of people like him who think they are god just because they were born into money. I respect any self made man's opinion 10x more than Steve Forbes opinion.
GOOG Google attempting to stabilize at psych support/Dec low at 400/399-- session low 399.42 (404.08 -32.37) -Update- -Technical-
=============== YHOO,MSN have already turned theirs over, however YHOO/finance; had an interesting read about Bill Miller of Legg Mason, figuring GOOG market cap could double from this friday close. Am a bit surprised GOOG smashed thru its 50day moving average like it did; not a prediction ,but may be interesting to see what it does before or around,$333-300 area. Am also a bit surprised with the number of posters, since they like the management, talk up-buy/hold stock. If one actually looks @ what GOOG management does with their stock/stock options; its certainly not buy & hold forever
GOOG Google: Click fraud chaos - NY Post (433.49 ) -Update- According to the NY Post, Google's long-simmering click-fraud problem could explode into a billion-dollar headache for the Web giant, some Web marketing experts are warning. In fact, a growing number of Google-watchers claim the search giant is ignoring the click-fraud issue because it's so large. Click-fraud happens when surfers click on Goggle advertisers with no desire to get to the advertiser's site. Knowing Google charges advertisers based on how many surfers click on their ads, the fraudsters click on the ads simply to drive up the advertiser's costs. The fraud also falsely inflated Google's revenues. The estimates on the Street, if even close to being true, could rock the stock market darling, set to announce fourth-quarter results Tuesday. "If Google were to implement a method for stopping click fraud today, it would lose 30 percent of its revenue overnight," said Joseph Holcomb, a search marketing expert. Holcomb estimates that almost one-third of all clicks on Google's network are suspect, thanks to sophisticated software programs known as "click bots" or "hit bots" that mimic human activity and fool search engines into believing the clicks are legit. With Google set to report about $6 billion in annual revenue, Holcomb's estimate would put $2 billion in top-line revenue at risk. Google denies the problem is that large.