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Google CFO Says Growth Is Slowing

Posted on Feb 28, 2006

AP: Google Inc.‘s stocks declined sharply Tuesday morning after Chief Financial Officer George Reyes told investors that growth at the online search leader was slowing.

The Mountain View, Calif.-based company’s stock was down as more than 10 percent, or nearly $41, in morning trading after Reyes told investors at a Merrill Lynch conference that the company would have to find new ways to boost revenues.

The stock had risen $12.98, or 3.4 percent, in trading Monday to close at $390.38 on the Nasdaq Stock Market amid renewed investor optimism about the company’s moneymaking prowess.

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By Dave, February 28, 2006 at 7:10 pm #
(Unregistered commenter)

All this fretting is over nothing. There is no real threat that has been posed to the company by Reyer’s comments. The stock will recover and continue to rise (perhaps not at such an astronomical rate), in the following days.

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By R. A. Earl, February 28, 2006 at 5:41 pm #
(Unregistered commenter)

Am I the only person on this planet who is completely baffled by the value of Google?

Am I understanding this correctly… a company, whose only contribution to the world is a SEARCH ENGINE, is somehow worth $390 PER SHARE?

I could live my entire life without ever “Googling” anything… Google is damned near WORTHLESS to me… I certainly wouldn’t PAY to use it. Besides there a couple of dozen other search engines that do just as well.

FOOD is valuable. MEDICINE, yup. EDUCATION, surely. TEACHERS, MINERS, even STREET SWEEPERS… but a SEARCH ENGINE??????

Is this world NUTS?

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