Tuesday, August 16, 2005
Google may need to diversify to keep growing - Aug. 11, 2005:
"It's been a year since Google went public. Business is great now but how long can it rely on search?
August 11, 2005: 1:16 PM EDT
By Paul R. La Monica, CNN/Money senior writer
NEW YORK (CNN/Money) – The first anniversary of Google's initial public offering is rapidly approaching.
And to commemorate this occasion, it seems safe to paraphrase Frank Sinatra: For Google, it was a very good year.
Shares went public at $85 on Aug. 19, 2004 and now are trading at about $285. Sales are expected to increase by nearly 90 percent this year and profits are expected to more than double.
That's all well and good. But what's next for Google (Research)?...
..."Search is the fastest growing segment on the Internet so near-term it's not going to be an issue," said Clay Moran, an analyst with Stanford Group. "But over time this is something they'll have to address."..."
"It's been a year since Google went public. Business is great now but how long can it rely on search?
August 11, 2005: 1:16 PM EDT
By Paul R. La Monica, CNN/Money senior writer
NEW YORK (CNN/Money) – The first anniversary of Google's initial public offering is rapidly approaching.
And to commemorate this occasion, it seems safe to paraphrase Frank Sinatra: For Google, it was a very good year.
Shares went public at $85 on Aug. 19, 2004 and now are trading at about $285. Sales are expected to increase by nearly 90 percent this year and profits are expected to more than double.
That's all well and good. But what's next for Google (Research)?...
..."Search is the fastest growing segment on the Internet so near-term it's not going to be an issue," said Clay Moran, an analyst with Stanford Group. "But over time this is something they'll have to address."..."
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