Google falls below $300 for 1st time since 2005

Shares of Google fall under $300 to lowest levels since 2005 on predicted online ad weakness

[biz.yahoo.com...]

Last 12 November 2007 Google closed at $632.07 today $291.00. A greater than 50% loss of equity in one year. Google stock has under performed the DOW by 20% in the past year. MSFT (Microsoft) has out performed Google in stock price by 10%. Yahoo stock and Google stock are comparable in their losses.

Hey, it's a tough world out there, as this TechCrunch article [techcrunch.com] points out. The Google analyst at Citigroup who's featured in the article concludes that Google is better-positioned than most Internet companies to withstand the current crunch, and that "Google is sneezing, but everybody else just got the flu."

(BTW, I'm not at all sure that "everybody else" got the flu; based on the CPMs that I've been seeing lately, I suspect that some vertical ad networks, rep firms, and specialist publishers will be coughing and sneezing less than the big general-interest aggregators, portals, and media companies are. But that's a topic for another thread in another forum.)

(BTW, I'm not at all sure that "everybody else" got the flu; based on the CPMs that I've been seeing lately, I suspect that some vertical ad networks, rep firms, and specialist publishers will be coughing and sneezing less than the big general-interest aggregators, portals, and media companies are. But that's a topic for another thread in another forum.)

I feel the same, but most of these players are irrelevant for being talked about. ;) We have the best days ever, but that may change as well.

Goog is well positioned because it has $14 Billion in cash! If you remember early 2000, you know how good it is to have a few years of cash reserves! You never know how bad it gets or how long it will last

It looks mighty tempting at $282 a share eh!? I've not been so interested, since it was under $200.

Think it will go under $200?

>> Think it will go under $200?

Depends on how much longer the "world recession" lasts.

_{I say world recession as it seems most countries are borderline recession or in recession!}

if it goes under $200 a share will brett include a google stock certificate in next years pubcon goody bag?

goodroi, I wasn't there at this years pubcon, but I would have been very generous with my Lehman stock certificates :). Depending on how Google performs, you might find me very generous with my Google stock certificates at the next pubcon.

(if only I owned any Google stock certificates)

Just love it to see Google tank. Great!

Always thought that Google stock is way overvalued, given the fact that they run a one-and-a-half trick pony (search and text ads). Expect the stock below $200 in 2009.

Just love it to see Google tank. Great!

You might want to look at Google's third-quarter financial results [investor.google.com] before sending the invitations out for your "Google is Tanking" celebration party.

You might want to look at Google's third-quarter financial results before sending the invitations out

Yep, been there, done that. You know what? The market has priced this in already. That's the reason the stock is tanking.

As of now, GOOG is trading around $260, which is very close to the 52 week low. It is a market reaction to their performance and outlook. (The stock was at $724 about a year ago.)

Final note: Dow +6.4%, NASDAQ +6.5%, GOOG -2.5%

Google stalls while the rest of the market rocks. LOL. I guess more people have read and understood the 3rd quarter results. :-)

I think it's pretty clear that Google is more interested in building a company for the long haul than being the darling of day traders. Still, if you're correct in your belief that Google is tanking, it means we can stop listening to those who claim Google is an unstoppable monopoly that will take over the world. :-)

GOOG's share value rose 9.6 percent on Tuesday, following a positive report from Barclays Capital. See Bloomberg article [bloomberg.com].

Side note to the above: Last month, Barclays lowered its forecast of U.S. online ad spending to $24.8 billion. That's still an impressive number: To see how the online ad market has grown in recent years (with Google obviously enjoying a healthy share of that growth), see this PricewaterhouseCoopers/IAB graph [iab.net] of quarterly Internet advertising expenditures from 2000 through 3Q 2008.

GOOG's share value rose 9.6 percent on Tuesday, following a positive report from

That confirms my belief that Google is an unstoppable monopoly that will take over the world. :-)

Maybe, but only 9.6 percent at a time. :-)