Google Down But Not Out

Mark Evans of RealTechNews writes:

As Blood, Sweat & Tears sang in the 1960s, “What Go Up, Must Come Down” - and Google investors are living this adage as the stock retreated yesterday by $35 to $400. It seems like only yesterday - actually two weeks ago - that analysts were falling over themselves trying to publish the highest target price on the street. One analyst said $550, another said $600, and another postulated it could be worth $2000. So what happened between then and now? The most obvious reason is investors got spooked when Yahoo said its results going forward would be slower than expected. Then, there was disappointing financial news from Intel and Apple, which did a good job of puncturing much of the investor enthusiasm for technology stocks. Of course, it doesn’t help Google is talking tough against the U.S. government’s request for information.

Read More About Google Here

[tags]google,realtechnews,mark evans,business[/tags]