Saturday, April 05, 2008

Google - The price reflects my last blog

I'm certainly NO Google bash'er however I refer to my last blog "Yahoo has it hands down, December 09, 2007".

By looking at the Google strategy and their small foray into "EVERYTHING" it only seemed reasonable to assume that other search engines would catch up in terms of the search and advertising offering that Google is well rebound for.

The problem they face is that it was the web developers that gave Google the tick of approval. Now they are starting to encroach on their original market and as sure as Global Warming is occurring the web development community is starting to bork at Google.


The chart above which has been lifted from "http://quotes.nasdaq.com/" shows the Google share price 5th April 2008 shows the business investor community also sharing similar sentiment. Sure you can relate the drop to the sub prime mortgage issue but surely the company that has the highest annuity income of all time couldn't be too affected by the mortgage lending issues in the USA.


Let's see what they do next.


David Barnes







1 comments:

Anonymous said...

why don't you tell us of one company that wasn't affected by the financial crisis that has occurred.