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]
Summary: 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 (NASDAQ:GOOG)
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