this is an absolutely false statement....Ken Lay said whatever he wanted and it was publicly disseminated; now he is in a court room waiting for his demise...
I can't buy that either - truth is relative, as are opinions, much like those that are spewing from the CFO's mouth as we speak. The reason I ask is because I own a company and as a "Manager" of the entity there are things I cannot/should not say, even as esoteric as the way I phrase comments makes me personally liable.(Note: it's a US LLC) My company is private - goog is public, which is why I would think there are more regulations goog Managers(Officers) must adhere to. For the record, I just bought some more Mar 410 calls.
I remember CMGI, Ceo said they are going to divide the company in 5 division and then investors punished them hard. So something is cooking in GOOG too. CMGI on that time was trading for $48 and was trading at $5 after few days. So be ready to see GOOG more go south.
The market is getting hit on news from Google (GOOG:Nasdaq) that growth is slowing and is now "largely organic." Management is speaking at a Merrill Lynch conference and says that search gains are mostly "monetarized" and that the company will have to seek other ways to grow revenue.
GOOG should never have been run up to 475 in the first place. It was Yahoo from 1999 all over again. Will people never learn. Glad I'm a trader and not an investor.