What is Digg?69 Comments
- indyhouse, on 02/01/2008, -1/+17"Your company did better than last year. You suck." I hate analysts.
- purdueAl, on 02/01/2008, -0/+15good time to buy then
- ilbbaicl, on 02/01/2008, -0/+14***** ANALYST ESTIMATES!
- Knobee, on 02/01/2008, -0/+12Buy our stock or we turn off the search engine.
-GOOG - videozine, on 02/01/2008, -2/+12This is what's wrong with the stock market. They didn't LOSE anything, they "failed to meet expectations"... well how did the analysts come up with these expectations? Maybe there is something flawed in their computations. Also don't forget these are the same ***** who when they hear that Muhammed's camel had diarrhea drive the price of oil up!
- Andy.D, on 02/01/2008, -2/+11Scares me to see people dropping GOOG over a great quarter.
- ryanonfire, on 02/01/2008, -1/+9time to buy
- godzillaWax, on 02/01/2008, -0/+6Share price in absolute terms is pretty worthless. I mean, if google were to split its stock, and now its "price" is suddenly half of what it was, does that mean anything? No. All that matters is the relative movement of the stock price.
- NoShelterHere, on 02/01/2008, -1/+7they're dropping GOOG because it was overvalued and didn't meet expectations (who could?). Still WAY overpriced, but it's coming to reality
- philmunt, on 02/01/2008, -0/+5Why is it that people don't seem to understand how share prices work. A share price is based on the expected value of future returns. Because everyone thought google was going better than they actually did the stock price was inflated. When it is shown that this estimation was not accurate the analysts revalued the stock based on this new information.
- doyoulikeworms, on 02/01/2008, -0/+5Google's stock price reflected their "amazing" performance, and this quarter's performance was just shy of amazing, which has been reflected in its stock price.
- MTessa, on 02/01/2008, -0/+5The reality is they missed their best guess, not that they did a crappy job. $1.4 billion. Do they have more money than the Mormon church yet?
- inactive, on 02/01/2008, -1/+5Google barely missed absurd expectations in a horrible economy. Talk about a buying opportunity. And no, it's not overpriced, go look at your books again. I pulled out long ago but their's one more thing i'd like to say...when the f*** will "investors" be happy? When? With earnings like these, years ago, investors would be pulling their hairs to get a piece of the action. Nowadays, it's never enough. We got too many greedy kids running around wall street these days.
- PatrickTulskie, on 06/04/2008, -0/+4Everything has been down in the last 90 days.
- TKardinal, on 02/01/2008, -0/+4This is not a "buying opportunity". Investors buy stocks based on their "expectations" of profit and return. Google didn't make those, and a few investors (relative to the overall investment in the company) decided that their money could make MORE money elsewhere. No big deal.
This also means that the vast majority of people who did own Google still think that the stock will give them MORE value for their money than other similar investments. So they're staying in. - neocreo, on 02/01/2008, -0/+3I think Shakespeare had it wrong. You do away with the lawyers, THEN the financial "specialists/analysts" and continue down the ladder and make them all get real jobs. I can't believe that our economy is in the hands of these guys, and that they can claim so much money.
So they didn't make as much money as they expected. They still made a bleeding profit. A quite respectable profit if you ask me. - ideadude, on 02/01/2008, -0/+3The problem is that Google doesn't give "guidance", which is when a company says how well they expect to do. This gives analysts a little less to work with.
However, it's really genius for Google. They get more attention out of it and can never be held responsible for missing:
Analyst: "You missed expectations."
Google: "We missed YOUR expectations. We hit ours. Yours were too high."
Analyst: "Oh, yeah? What are your numbers."
Google: "Errr, can't say, but they were lower than what we got."
Analyst: "What do you expect for next quarter?"
Google: "Sorry can't tell you."
Analyst: "But they'll probably be lower than what you get, right?"
Google: "Right. Do no evil." - zydeco, on 02/01/2008, -0/+3More like "you did better than last year, but not as good as the number I made up for you. You suck."
Come *on*, they still had positive growth. Amazing that it's still not good enough for the gamblers. - TKardinal, on 02/01/2008, -0/+3Imagine if you understood what a stock price actually meant. Sheesh.
- realian001, on 02/01/2008, -0/+3From the article, "Google's sites revenue increased 58%, network revenue grew 37% and international revenue rose 44%. Paid clicks increased 30% over last year." Sure, they missed the estimate by small margins, but if you look at their portfolio (http://finance.google.com/finance?q=GOOG) under Key Stats and Ratios, you'll see that they have very healthy returns. And historically speaking for Google's performance, about $40 dollars hit on their stock should not be considered a major indication of company's doom as some other diggers have implied in the comments. Bottom line - Google is more than viable for the long run, heck I'll bet that Google will be one of the few major companies who will survive without too much difficult if we have a major recession (maybe we are in one, but that's debatable).
- DeFex, on 02/01/2008, -1/+4thats ok there are lots of other ones.
- olegk, on 02/01/2008, -0/+2Stock price doesn't mean much. It's market capitalization and P/E that matter.
GOOG:
Mkt Cap: 161.14B
P/E: 40.34
AAPL:
Mkt Cap: 117.17B
P/E: 29.29
Which means that investor favor GOOG and expect it to grow much faster than AAPL - davewashere, on 02/01/2008, -0/+2Google IS a one-trick pony; a quick look at their quarterly revenue report reveals that, but it's still one hell of a trick. Advertisers pay them money to put ads on sites with content that Google doesn't even have to create. It's a lucrative market, and Google dominates it, but don't kid yourself into thinking Google has a diverse portfolio of revenue streams. The Adwords/Adsense game is still 95+% of Google's revenue.
- davewashere, on 02/01/2008, -0/+2But it might prove to be more resistant than most other industries. As advertisers budgets shrink, they'll try to find ways to make more bang for the buck, which will likely lead them to more internet advertising and less TV, print, and radio. Targeted internet ads are far more effective in converting sales than blanket TV ads.
- Jacobi, on 02/01/2008, -0/+2This is what I never understood about the stock market. It seems like they over react to the silliest *****.
- localzuk, on 02/01/2008, -0/+2They missed the guess of $4.44, by reaching $4.43!!! 1 Cent difference! 1 cent!!
- davewashere, on 02/01/2008, -0/+2The problem is, they aren't making much money off that diversification. Which of those services listed above actually makes money? Gmail has text ads to offset the cost of all the equipment to run that kind of operation, so it might turn a profit. Google 411 service doesn't make a profit, but Google says it's using the service to develop a database for a speech recognition program, so we can call that R&D costs. I doubt the online office software makes them money. As of right now, Adwords is paying the bills and supporting multiple money-losing divisions at the same time.
- HarryLeeSmith, on 02/01/2008, -2/+3Google's stock is way over priced anyways. it's about time it comes down....
- Nocturnalis, on 02/01/2008, -0/+1They missed the analyst best guess and now wall street is freaking out. Maybe the damn analysts shouldn't set the bar so high but then again they do this type of thing to get the attention of the Fed and what does the Fed do?...stick the pacifier in the wall st cry babies mouths.
- renegadeafk, on 02/01/2008, -1/+2there's already one with more diggs on the front page dumbeass
- inactive, on 02/01/2008, -1/+2You mean the Apple fanboys will go insane.
- macwac, on 02/01/2008, -0/+1I didn't watch the market yesterday or why there was a sudden recovery on most of the stocks that were in red, but Google ended up 12 dollars
- BigBallistix, on 02/01/2008, -0/+1The difference is; their stuff works. An OS by google would be welcome, seeming as though they'd have more research data than anyone in the world about what people do on computers.
- MikeSD34, on 02/01/2008, -0/+1This article has nothing to do with googles quality of service, or googles downfall. They missed estimates, educated guesses, as to what their profits would be. Never the less, their profits are UP.
- localzuk, on 02/01/2008, -0/+1It's called diversification. The search market is only so big, and growth is only so big too. So they have to diversify in order to continue increasing their profits.
- DeleteFF, on 02/01/2008, -0/+1Matt Cutt can't do much for that, I gues. Here are some interviews of the main Google engineer http://www.esiod.com/2008/256-seo-interviews/ Still Google rules the world
- NoShelterHere, on 02/01/2008, -0/+1And the market is a forward looking entity. This kind of reaction is entirely appropriate. Is an advertising company worth $200B?
- bemenaker, on 02/01/2008, -0/+1What a bunch of *****. Oh, we did better than we said we would, but not as well as some ***** who doesn’t even really know a damn thing about the business said we would.
- TKardinal, on 02/01/2008, -0/+1"How is making $1.24 billion more than the previous quarter considered a failure simply because it was less than a gestimate?"
It is not a failure in general. Wall Street knows that. It is a failure to accomplish what was expected of you.
If you are a comissioned salesperson and you EXPECT to sell 10,000 widgets this quarter and you thus expect your income to be 25k this quarter because of it, and you only sell 9,000 widgets, you have FAILED to meet expectations. And you will not be paid 25k this quarter. That's all it means.
People who were investing in you (if that were possible) may decide that someone who sells 9,000 widgets isn't going to make them as much money as the guy over there selling doodads. So they take their investment and put it in the guy selling doodads.
It's easy, simple, and reasonable. - jellygraph, on 02/01/2008, -0/+1Lol, the stock market is a joke.
- localzuk, on 02/02/2008, -0/+1Their office software has adwords too you know... As do the rest of their programs. Their entire business model is based around supporting exising applications with ads...
- need4speed, on 02/01/2008, -1/+2TIME TO BUY GOOG STOCK! :d
- SniperGX1, on 02/01/2008, -0/+1I see what you did there
- JoeRW, on 02/02/2008, -0/+1Fed buying?
- anamanaman, on 02/02/2008, -0/+1Not any with quite such pretty flash stock charts
- drenader, on 02/01/2008, -0/+1Children you need to relax. Emotions should not be part of investing, if you let them take over you will lose your money. It is clean that Digg has a lack of business majors from the type of responses here. This is part of the problem with google and apples over inflated stock price, emotional investors with no market knowledge putting their life savings into companies they like. A good company doesn't always mean a good stock.
- mhmdkhamis, on 06/29/2008, -0/+0Why do some people have such an Apple-esque hard-on for Google anyway? If you own some stock I could see your giving a ***** but why would anybody else? If they burned down tomorrow there are plenty of alternatives. Hell, I don't even use their search engine (but I have used their email as a backup for sometime now) and "wow!" I find things on the net just fine.
http://xn----ymcae0df5a6fo.com/
http://xn--ugb6bax.xn----ymcae0df5a6fo.com/ - bbqribs, on 02/01/2008, -0/+0***** the RIAA!
Errr. wait. Oh well. Can we blame them anyway? - mprasad, on 02/01/2008, -0/+0I 100% agree, I even heard people blaming the drop on MS's bid on Yahoo! which is idiotic...
-
Show 51 - 68 of 68 discussions
Browsing Digg on your phone just got easier with our enhancements to the 
© Digg Inc. 2009
— Content created and posted by Digg users is