Announcement

Collapse
No announcement yet.

Google what?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Google what?

    I win.

    Last edited by Tvan; 01-31-2006, 06:08 PM.

    #2
    Repost.

    http://www.r3vlimited.com/board/showthread.php?t=63214
    -Adam Schmidt-

    1988 Zinnoberrot 325iS ::dead::
    1988 Bronzit 325iS ::sold::
    1991 Alpine 318iS

    Comment


      #3
      aww fuck, I posted the wrong link. Now I win.

      Comment


        #4
        Wow, neato. :)
        -Adam Schmidt-

        1988 Zinnoberrot 325iS ::dead::
        1988 Bronzit 325iS ::sold::
        1991 Alpine 318iS

        Comment


          #5


          Google fails to deliver perfection

          Google shares fell as much as 19 per cent today after the web search company widely missed Wall Street earnings targets for the first time since its 2004 float.

          An 82 per cent rise in net income and an 86 per cent lift in sales was not enough for investors and anaylsts who were expecting an even better earnings result to justify the company's stellar share price.

          "Its valuation means it's priced for perfection and perfection was not delivered this quarter," said Tim Ghriskey, chief investment manager at Solaris Asset Management.

          Google's share price has more than doubled in the past year and risen more than 40 per cent since its last quarterly report.

          Net income rose to $US372.2 million, or $US1.22 a share, from $US204.1 million, or 71 cents, a year earlier, Google reported. Profit, excluding one-off items, was $US1.54 a share, short of the market's $US1.78 predictions .

          Revenues rose 86 per cent to $1.92 billion, meeting estimates. But in its prior five quarters as a public company, Google has beaten the revenue expectation by around 5 to 8 per cent.

          The result ended Google's uninterrupted streak since its August 2004 public offering of topping Wall Street quarterly profit expectations by at least 10 per cent.

          Google shares were trading at $US379.00 in late after hours trade, down about 12 per cent, slicing roughly $US15 billion ($A19.7billion) from a market capitalisation that was about $US126 billion at the close of trading on Tuesday.

          Google has become a Wall Street darling as well as a household word as its internet services have become synonymous with web search and analysts have set price targets at levels last seen for tech companies during the dot-com era.

          Google Chief Financial Officer George Reyes said that December spending had been weak in some parts of Britain, a key market, and the stronger US dollar cut the value of foreign revenue, which would have been 2.1 per cent higher in the fourth quarter if exchange rates were constant.

          Google said that because the portion of total expenses allocated to its international operations was greater than it expected, more of its profits were taxed at a higher domestic rate, taking the quarterly tax rate to 41.8 per cent.

          The company's 2005 tax rate was 31.6 per cent, while Google had previously targeted about 30 percent for the year.

          On a conference call to discuss results, Google Chief Executive Eric Schmidt said that the company plans to invest significantly its capital spending this year, with most of it focused on servers, networking equipment and data centers, as well as real estate.

          **EDIT**
          Fixed
          Last edited by Iain; 01-31-2006, 09:13 PM.
          Pork Hunt Motorsport

          eBay is like the summit racing catalog for today's special Olympics crowd

          Comment


            #6
            uh, Iain... you posted the same article twice in a row in the same post.

            All that means is that they didn't live up to expectations for the quarter. It's not the end of the world for them, analysts just raised their expectations a little too high based on the fact that Google had consistently beaten expectations by 5 to 8 percent. Sometimes analysts stock reviews can have a negative impact on the stock even more than the reason behind the negative review.

            Looks like a Google future to me...

            View the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward.
            Last edited by Tvan; 02-01-2006, 01:50 PM.

            Comment

            Working...
            X