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View Full Version : Google stock takes a dive after CFO warns of slowing growth


RobertoOrtiz
02-28-2006, 08:02 PM
Quote:
"Google can't win. The search engine is often criticized for not giving Wall Street enough information. But when it does open up, investors often don't like what they hear.
Shares of Google (Research) plunged as much as 13 percent in morning trading Tuesday after Google chief financial officer George Reyes, speaking at the Merrill Lynch Internet conference, said that growth was starting to slow in search.

Investors are hoping for more financial information about Google from co-founders Larry Page and Sergey Brin at the company's next analyst day.


Searching for a bottom: Google's stock plunged on 2/28 after CFO George Reyes hinted about slowing growth at a Merrill Lynch conference. But the stock recovered a bit as the day went on.
The shares recovered some ground and were off about 5 percent in afternoon trading. Volume was heavy, with more than 28 million shares traded, more than twice the stock's daily average.
Since Google reported fourth-quarter earnings that were lower than expectations last month, the stock has tumbled about 20 percent and Wall Street has become more skeptical of just how strong Google's growth will be this year and for the next few years."

http://money.cnn.com/2006/02/28/technology/google/index.htm?source=yahoo_quote
http://finance.yahoo.com/q?s=GOOG (chart)

-R

Ninjamonk
02-28-2006, 10:23 PM
I bet MS are smiling :p

JesseDavis
02-28-2006, 10:29 PM
I bet MS are smiling :p

cause of one dip in stock? yea ok.

js33
03-01-2006, 01:47 AM
Google seriously needs to have a stock split so their pps isn't so high. That will make the stock swings less wild if bad news comes out.

eek
03-01-2006, 06:59 AM
The shareholders are getting scared, the bubbles about to burst!! hold on to your horses people!

pogonip
03-01-2006, 09:56 AM
Google never should have went public ..all companies turn evil when they go public as they must appease there greedy shareholding masters :hmm:

albedo4800hp
03-01-2006, 01:39 PM
Google never should have went public ..all companies turn evil when they go public as they must appease there greedy shareholding masters :hmm:

Fully agree stock market is the most evil and ridiculous thing nowadays. The purpose it once was supposed to serve has long been lost or lets better say abused.

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