Seeking Alpha
Profile| Send Message| ()  
Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Google's $500 Question: Can Growth Keep Pace? [Business Week]

googleGSummary: Google's share price crossed $500 on Tuesday, leaving many wondering if its remarkable earnings growth is sustainable. Third quarter revenue grew more than 70% y/y, but with online ad competition heating up from new media ventures, Morningstar analyst Rick Summers expects annual revenue growth to settle at around 27-28% over the next five years.
Related links: Media coverage: WSJ. Commentary: Lessons From Google's Big Run , Google Surpasses Chevron, IBM In Market Cap , How Google Hits $1000 a Share , Google Nearing $500; Credit Suisse: It'll Go To $600 . Conference call transcripts: Google Q3 2006 .
Potentially impacted stocks and ETFs: Google (GOOG)

Seeking Alpha's Wall Street Breakfast summarizes today's key market- and stock-moving news. Receive it by email every weekday morning (free/no spam).

Seeking Alpha is not affiliated with Business Week.

Source: Morningstar: Google Earnings Growth To Settle At 28%