23 July 2007

Q2 Sucked, Google, Why?

Investors in Google are not happy. They are disappointed with earnings for Q2. Google counters that it is spending on personnel and acquisitions and that is as it should be. Analysts disagree.

Search Insider » Blog Archive » Google’s Shaky Investments
. . . CEO Eric Schmidt pointed to Google’s huge hiring growth-Google had pulled in 1,500 new workers by June.

. . . Google purchased YouTube for $1.6B, . . . Google would just need to provide the right ad model.

. . . Google is further awaiting approval on the $3.1B DoubleClick deal, and a $625M deal to buy Postini.

. . . Google might do well to reassess its spending approach for Q3.

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