What is Digg?118 Comments
- StoneLox, on 11/15/2007, -3/+41there is no way that goog could continue at 34%
- misconstrued, on 11/15/2007, -2/+39With the rate the value of the dollar is declining I think that it's entirely possible Google may end up a $500,000,000,000,000 company.
- Y0tsuya, on 11/15/2007, -2/+34Hmmmm... Haven't I heard stuff like this before? Oh yeah, in year 2000. Seriously, take analyst comments back then about eBay, Amazon, etc, and replace the names with Google, and the result will look eerily like this article.
- thefirelane, on 11/15/2007, -1/+22> If its stock kept appreciating at 34 percent clip annually
Thanks, I needed a laugh. As they say on Wall Street: "Trees don't grow to the sky" - MeatBiProduct, on 11/15/2007, -1/+18All balloons pop. Just like all other tech companies - it just hasn't hit google yet.
- vckeating, on 11/15/2007, -0/+15"past performance is no guarantee of future results"
- gibsonic, on 11/15/2007, -3/+18the problem is this...google is already EXTREMELY overvalued for the amount of physical AND intellectual assets it actually has. The more this continues, based solely on speculation of ad revenues and some vaporware apps the bigger this giant will fall.
don't get me wrong. I love google. I wish i had money back when they IPO'd so that I too could be an instant millionaire, but the fact is that google is its own dotcom bubble that, I believe, will burst by 2010.
no one should count out M$ anytime soon. they still have immense wealth and clout and entrenched resources around the globe to combat google.
i've always thought google and apple would be great bed fellows....they could be renamed... GOOPLE - inactive, on 11/15/2007, -6/+19you do realize goog has no assets backing that market cap... it's all gas. pure bubble. target price for 2009: $300 / share.
- vaz014, on 11/15/2007, -0/+1234%. yes, and if my grandmother had balls, she'd be my grandfather.
- AndrewDB, on 01/10/2008, -1/+10*****. I wish I'd invested in 10 shares when it went IPO. :(
- Leathersoup, on 11/15/2007, -0/+9The real question is.... how much Gmail storage will I have in 2010?
- plhofmei, on 11/15/2007, -0/+8stocks 101. Any novice investor knows past price performance is not any good for future indications.
- yunus, on 11/15/2007, -0/+8People saying this same line about housing prices are why we are having a housing crisis now. 34% is not sustainable.
- kelly, on 11/15/2007, -0/+7They don't make money on all that advertising? Are you kidding me?
- wezman2, on 11/15/2007, -1/+8PetroChina is already worth twice that... It's the worlds first $1,000,000,000,000 company
http://money.cnn.com/2007/11/05/news/international ... - inactive, on 11/15/2007, -0/+6well, it still wouldn't be a "lifetime" achievement. even in this case ($50 going to $700 or something), it needs big money to make even bigger.
- shadowspawn, on 11/15/2007, -1/+7that's what, 2 mil EURO by 2010?
- byronm, on 11/15/2007, -1/+7Is google all that great? Have you ever advertised with them? I mean they have terrible phone support, terrible email support, horrible policies that change day in and day out. The only reason google is popular is because of Adsense and as an advertiser most of Adsense is high risk crap. I think google is over valued - especially in regards to adsense. Its the biggest black box out there and i can't possibly imagine people will take that much longer.
- dcbebop, on 11/15/2007, -0/+6I'd say it's more likely to depreciate 30% a year up to 2010. Everything is so over-valued right now.
- gibsonic, on 11/15/2007, -0/+6that's what SHE said!
- jacquesm, on 11/15/2007, -0/+5do your own research and don't believe a word you hear from people that hawk a stock. if they would be smart enough to predict the stock price with any accuracy they'd be investing, not talking about the stock. And they'd be very very quiet.
- bullhead2007, on 11/15/2007, -1/+6In 2010 Google buys US Government.
- physicx, on 11/15/2007, -5/+9Google is the top dog now, just a few years until it plays out financially
- inactive, on 11/15/2007, -0/+4adsense, what else.
- FutureGuy, on 11/15/2007, -1/+4Sure it can. I have this company that makes paperclips. First year it sold 1$ worth, last year 100$ this year I target 10000 at that rate it would be bigger then walmart soon ;). Same applies to google.
- dannyapplesauce, on 11/15/2007, -0/+3you really need to grasp the concept of valuing a company. Google is not worth it's stock price now, did you see how it got punished the second the maket downturned? The US economy is looking to become very bearish soon and this will reflect on Google, as investors look to pull their money out of the volatile maket and into safer things like Treasuries. There is so much more scope to valuing a company that looking at its "major factor" as you define them. You can get up off google's ***** now
- qpn6ph9q, on 11/15/2007, -0/+3Google does show huge profits.... this is WHY their share price is soaring. The market does not have the stupid 'dot bomb' mentality any more if that is what you are suggesting?
http://www.marketwatch.com/news/story/googles-prof ... - inactive, on 11/15/2007, -0/+3O wow an unsstoppable industry who's stock will never decrease! Wow I'll just ignore the past cycles and believe wholly that Goog won't fail me. Good thing I invested everything in it
- inactive, on 11/15/2007, -2/+5Not 300+ Billion.
The market will right itself and if Google doesn't show a huge profit the stock will come down to Earth.
See Amazon as an example. - gibsonic, on 11/15/2007, -0/+3we aren't afraid of numbers and commas. you don't have to write out large numbers with the full english word. kthx.
it's called market correction or price correction if referring to a specific company or stock. It doesn't necessarily have anything to do with anything google did or didn't do. it may be more of investors coming down from a high back to reality and thus setting the price base on more realistic and SUSTAINABLE market conditions.
fast stocks are like fast women. they are fun for a while but you end up getting burned in the end. - inactive, on 11/15/2007, -1/+4clagone, you miss the point. look at the balance sheet:
http://finance.yahoo.com/q/bs?s=GOOG
net tangible assets = $18.3 billion. Market cap = $201 billion...
Price:book of 10? That's a whole lotta gas. - link5280, on 11/15/2007, -0/+3Wow, you think Windows still sits on top of DOS? I have some Google stock to sell you then, haha!
- mike42979, on 11/15/2007, -0/+3Share price does not justify market cap share price + # of shares outstanding does, BERKSHIRE is still just a 200 billion dollar company even with a share price of 179,000 for that i might as well buy microsoft at 34 a share which i can afford with a slightly higher market cap. No reasoning behind this suggestion just being sarcastic to make a point that Share price is pointless stated alone.
- inactive, on 11/15/2007, -0/+2Buy 747's to dogfight in!
- ikrit2006, on 11/15/2007, -0/+2Depending on inflation, it's possible.
- spoiled1, on 11/15/2007, -0/+2A balloon is a balloon and it will pop.
But what keeps a company floating is innovation, a decade ago it looked like that IBM was going out of business, but they brought new inventions and keep bringing new innovations to the market as new end products not just fancy showcase prototypes.
Or you copy ideas and market them better...:) - link5280, on 11/15/2007, -0/+2This demonstrates how perception drives stock prices, unlike real assets and realized growth! Anyone think they are worth their stock price now? Seems people have some long term memory loss concerning tech stocks!
- inactive, on 11/15/2007, -3/+5i wonder what's its product that justifies such a mass of value. it's mainly the searching that everyone uses right? even google earth isn't that much dominating.
- ItsMyWii, on 11/15/2007, -2/+4I'm pretty sure that's not possible.
- popothebright, on 11/15/2007, -0/+2Not a chance. Anyone who thinks Google will be on top forever doesn't know the Internet business.
They have no secret sauce guys. Their search is no longer the fastest. Their applications are good, but not the best. Their ad network costs more for advertisers, and pays out less to publishers.
And consumers are the most fickle creatures in the universe.
Google's a fantastic company. Will they be beaten by another giant search-co? Probably not. More likely they'll suffer the death of 1000 cuts to zillions of small vendors who offer superior and more cost effective solutions. Just look at Microsoft. Who would have thought 5, 6, 7 years ago that they'd be toppled? Now it seems imminent. - imacommi, on 11/15/2007, -0/+2Google is not a diversified portfolio of companies with sucessful and established product lines. Berkshire is.
- inactive, on 11/15/2007, -2/+4God isn't real.
- scots, on 11/15/2007, -1/+3
A few problems with this theory:
1. Google has a large number of veteran employees about to become fully vested, meaning they can literally quit and never work again - They'll be financially comfortable. History tells us that while a number of those people will do charity work or retire, a number of them will carry their drive and ideas into new companies, diluting the market and effectively competing against their former employer.
2. Google makes >90% of their money from advertising. Other companies are working furiously on unseating google. Will they? Probably not short term (if every) but they will shrink google's share of the pie. Microsoft Live Search, Ask.com, and dozens of bright coders slaving away secretly in garages and cubicles around the world would all like to dethrone the Goog.
Google rules, but they're set for a fall, just like post-90's Microsoft. - andrewdevlin, on 11/15/2007, -0/+2Ah, a googol. I see what you did there.
- ussoldier, on 11/15/2007, -0/+2Ever try to get a job at Google? Turns out, they are not the good guys. You think you're a pretty good computer guy? They won't even look at your resume unless you've got a Master's Degree. Which is, quite frankly, most of us. ***** google. Sorry I ever recommended them to anyone. Most of the internet was built by computer guys with no degrees at all who are self taught.
- Comatose51, on 11/15/2007, -0/+2Not this ***** again... Stupid "analyst" who don't know how to price intellectual property will always say this crap. Yes, every software and tech company has little tangible asset other than its IP and what's in the head of its employees. To say they're worthless is ignoring the trend towards an idea and service based economy. It's one thing to not know how to measure something and another to say it doesn't exist.
- kirashira, on 11/15/2007, -0/+1With the current inflation this is possible ^_^
- mike23w, on 11/15/2007, -0/+1If the author believed his BS he'd put every single cent into GOOG stock and retire rich.
That he did not disclose he owns any shares tells me
1) he doesn't own any GOOG
2) he doesn't believe the crap he's writing.
3) no one else should believe it either - FutureGuy, on 11/15/2007, -0/+1Google, at least for now, is a search engine for the most part. All its money comes from advertising, even if it can continue fend of MS and Yahoo and monopolizes all advertising it still will not be worth that much.
- Myonosken, on 11/15/2007, -0/+1No, adsense is not the best. Google's market share and control means it doesn't need to be the best anymore, but will still survive.
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