What's What

Google Stock Update

For all of you that took a mortgage on your house to buy the stock...This is for you.

Google after the bell for 6-22-06: Google overvalued?
Posted Jun 22nd 2006 4:39PM by Brian White
Filed under: After hours, Rumors, Products and services, Launches, Internet, Competitive strategy, Google (GOOG)
Google shares closed down a bit today at $399.95 per share, a drop of $2.28 or 0.54%, with a trade volume of slightly over 5.8 million shares. I mused on Google's take on the mobile web today -- and I think they "get it" more than other companies -- and Sheldon fielded quite a few comments on why Google is positioned to go down the tubes bit. We always invite and appreciate incisive and informed comments, but sometimes we get flames and bashes without anything but emotional bias -- but we love you, we really do!

On that note from Sheldon, I've recently pondered, in many ways, how Google is going to make money from all these services and products it has recently released. Just like this one -- a wireless internet network already installed in its hometown of Mountain View, California.

Google says (at least, publicly) that it does not expect advertising to support this network and it does not know how it is going to monetize this new WiFi wireless internet network. However, it does want to give this service away so that customers can potentially do more "Googling" anywhere they are. Cough -- business model -- cough. Maybe money grows on trees in Mountain View?

More GOOG
Posted Jun 22nd 2006 3:55PM by Sheldon Liber
Filed under: After hours, Internet, Blogs, Rants and raves, Google (GOOG)
Can't help but follow-up to 10 Reasons I think Google is going down since it caused the most controversy and highest response of any blogs I have written to date. I definitely touched a nerve somewhere. The commentary is running 60/40 negative (not all publishable) but with no response or insight on either side relative to my actual arguments. I have never owned Google, Inc. (GOOG) and would have disclosed to readers had I shorted the stock. That could be a disaster even if it does go down because you would need substantial resources for what would most assuredly be a wild ride.

Some readers discussed additional reasons GOOG is likely to go down in value, but not one refuted any of my "10 reasons". If anybody has something concrete to add to the discussion that would be most valuable and is a good use of the blog site. My blog was stimulated by two things; people often ask me what I think about GOOG as an investment and I have actually considered investing myself. I have always come to the conclusion that I had better places to risk my capital so I thought I would share this view.

Some of the comments I received lend credence to the concern that many of Google's investors are impulse buyers and will run out on the stock, lead by emotion, not rational thinking. There is a lot of hoping and praying in Google's current market value.

posted by AshleyAlissa @ 4:18 PM