Fergie's Tech Blog

Barrons on Google: Not 'Bullish', But a Lot of The Same Letters

John Paczkowski writes on Good Morning, Silicon Valley (GMSV):

Barrons gave Google investors a kick in the Grape Nuts this morning, suggesting the search sovereign's share price could be cut in half over the next year as it grapples with growing competition from Microsoft and Yahoo, as well as increased pricing pressures in its online ad sales.

Shares of Google lost 4 percent in early trading today, falling $16.82 to $345.79 as investors caught wind of the Barron's piece and suddenly realized that, geez, maybe a price-earnings multiple of 45 isn't as realistic as they'd like to believe.

posted by Fergie @ 2/13/2006 11:19:00 AM