Google (Nasdaq:GOOG) announced OK earnings. No one will become more of a long term bull as a result of the earnings this Q. but where the Hell is Larry Page. About time they say something and stop the stupid rumours and useless stories. Remember Steve Jobs at Apple (Nasdaq:AAPL) with all the health problems.
Back to business. Google did OK in ad revenue but is not showing any competence in mobile. Not a good sign. This is not a good harbinger for Facebook (Nasdaq:FB) which also is anchored in old desk top mentality but has the problem of a 60 PE on forward earnings.
Steady workmanlike progress will not do it here.
George Gutowski writes from a caveat emptor perspective.
- Google CEO Larry Page Tells His Employees Not To Worry About His Health (GOOG) (businessinsider.com)
- Yahoo Steals from Google. Was There a Non Compete Clause? $YHOO $GOOG $WMT #Governance (financialskeptic.wordpress.com)