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M$1.00  Funded By Mahalo ? |  April 15, 2009 03:18 PM

Is Google weathering the storm?

http://www.wired.com/techbiz/media/news/2009/04/reuters_us_google

1. "Whenever Internet companies cut costs, people take any cost cutting as a really negative signal", says Jeff Lindsay
2. Web searches on Google continue to increase
3. Lindsay think Google has a good margin performance
4. 5 percent decline in U.S. online advertising spending is expected in 2009
5. Google stock is $378 or 18 times forward earnings
6. 97 percent of Google's revenue comes from advertising.

What do you think about Google weathering the storm?

Do they look stronger than ever?
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dcanswerer dcanswerer
 
 April 15, 2009 09:39 PM
(a disclaimer, out of respect for the community: I own Google stock)

I do think that Google is going to do fine through this recession. I don't think they look "stronger than ever" but I do think they're going to be able to handle it just fine.

The economy is hurting everybody, so it's not surprising that Google is feeling some of the pain as well. Advertising rates are way down, with companies across the board cutting their ad budgets. Google is simply playing it safe by cutting some staff.

If you look at this data (http://tinyurl.com/dhnd6d) it shows that Google is doing great with its search market share. Not only do they have the highest market share, their share actually grew in the past month. Obviously right now that's not going to translate to stellar ad revenues, but at least it positions them well for when we emerge from the recession.
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dcanswerer dcanswerer
 
April 16, 2009 08:45 PM
An update--in case you hadn't heard yet, Google had some very good news today. They announced stronger than expected profits for the quarter. Here is the link to a Wall Street Journal live blog of the earnings conference call (subscription required, but definitely worth it): http://blogs.wsj.com/digits/2009/04/16/live-blogging-google-earnings/

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