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July 19, 2007

Comments

Edwin Hayward

Interesting...

"Revenues from the United Kingdom totaled $600 million, representing 15% of revenue in the second quarter of 2007"

I think that's at least a partial indicator of the hyper-strong UK online advertising market since the 37,600,000 users there account for just 3.25% of the 1,154,358,778 global internet users!
http://www.internetworldstats.com/stats4.htm#europe
http://www.internetworldstats.com/stats.htm

***FS*** Agree Edwin.. well reasoned, well said.

IPTV

""Google reported revenues of $3.87 billion for the quarter ended June 30, 2007""

Earning all this money from other peoples domain address assets and website(s) assets.

Very clever business model...

(sarcasm...included for free...lol)


Peace,
Dan

DP

Down $40 per share at time of writing. Not as bad as it sounds, only 7%, but still Google missing estimates is unheard of.

Google have to keep their stock price up, too many extremely smart employees with bright futures elsewhere if their options go underwater. "Do no evil" goes out of the window, "Shareholder value" rules all. I know I sound like chicken little here, but it's the way of public companies. Have worked for 2 private companies taken public and observed many others, life is good, for a while, then you have an earnings miss and the teeth come out. Maybe Google will get a pass, a single bad quarter, but they'd better deliver on the next ... at whose expense?

***FS*** At who's expense, indeed :)

David Wrixon

DP,

Wall Street has a lot to answer for. Their short-termism has virtually buried corporate America. Companies end up doing what is perceived to be right for the markets rather than what is right for the business. Accountants end up having too much say in the way the businesses are run. At the end of the day, they might be good at squeezing costs, but they don't have a clue about generating revenue.

David Wrixon

Story has been picked up by Auntie:

http://newsvote.bbc.co.uk/1/hi/business/6907574.stm

A couple of key remarks:

Sales from outside its home market now account for 48% of its total business.

"The growth in our global traffic combined with our ongoing improvements in monetization resulted in solid revenue growth, even in a seasonally slow quarter."

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