Revenue was up 42% year over year, mostly from the differential between foreign currencies and the US dollar. Marketing on Google Adwords, the main component of Google’s earnings, looks cheap to firms located overseas. Foreign companies now have an advertising advantage against US competition, this works well for Google. International businesses and advertising now accounts for the majority of Google revenue, sitting at a perfect 51%. Read more…
Stocks
GOOG
The bid for Yahoo was interesting to say the least. Software giant Microsoft and owner of MSN putting in a bid for Yahoo shows the concern over the internet marketing business currently controlled by Google. Read more…
Investing
GOOG, MSFT, YHOO
Google is one of those stocks that no traditional investor will ever understand. In 2001, traders were clobbered when stocks like Google — the 100 PE ratio– no direction but up stocks went straight down. Google follows all definitions of a bubble stock, and as any experienced trader will tell you, it’s a dot-com bust all over again. Read more…
Stocks
GOOG