Goog

DJ Google CFO: Growth Slowing, And Now Largely Organic


By Riva Richmond
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Google Inc. (GOOG) Chief Executive George Reyes said the Internet giant's growth is slowing due to the "law of large numbers."
The company's 18-month effort to boost search monetization by tweaking the advertising system has realized most of the gains possible. Now growth is being driven mainly by organic factors, like query traffic growth, which he called substantial.
"We're going to have to find other ways to monetize the business," Reyes said, speaking at a Merrill Lynch investor conference Tuesday.

(MORE TO FOLLOW) Dow Jones Newswires
February 28, 2006 10:57 ET (15:57 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.- - 10 57 AM EST 02-28-06

 

It wasn't unscheduled, it was at a Merrill Lynch conference.

 

thanks all

 

GOOG has a good P/E though(they actually make money) - yahoo did not.

 

WTF was that moron thinking??

 

All that is irrelevant when the stock can dump 50 bucks in one throwup!

 

He single-handedly tanked this session:

Nasdaq comp. is headed toward hell and the DIA is following suit - profit taking for all.


Someone needs to write this guy's speeches.

 

maybe he was just being honest?

 

Would it have been better that he kept slowing growth issues to himself? If you are a trader, this has been a great day! I really don't feel so bad for the investors.. or the CFO.

 

it's 9%, not 50 bucks. what company's stock wouldn't react that way when the CFO talks and they are in the spotlight as much as goog is?