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Google (GOOG -9%) says printing firm R.R. Donnelley (RRD -2.8%) filed a draft of its weak Q3...

Google (GOOG -9%) says printing firm R.R. Donnelley (RRD -2.8%) filed a draft of its weak Q3 report without authorization. Google adds it will deliver a finalized report, after which shares will resume trading. Meanwhile, Horace Dediu observes Motorola's phone sales fell 26% Y/Y, and Cory Johnson notes Google's cost per click (search ad price) trend isn't a pretty sight. One-liners are flying on Twitter (I, II, III) over the report, and a "pending" Larry Page quote. Update: Google says it expects to resume trading before the market's close.
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Comments (16)
  • wigit5
    , contributor
    Comments (4102) | Send Message
     
    Guess R. R. Donnelley just lost their biggest account.
    18 Oct 2012, 01:33 PM Reply Like
  • spald_fr
    , contributor
    Comments (2728) | Send Message
     
    wow somebody screwed the pooch but good.
    18 Oct 2012, 01:42 PM Reply Like
  • Jolly_Rancher
    , contributor
    Comments (550) | Send Message
     
    In other words, the usual crew wasn't tipped off in advance so they could turn a quick nickel...GS...you know, all the buddies.
    18 Oct 2012, 01:42 PM Reply Like
  • Jesse99
    , contributor
    Comments (127) | Send Message
     
    And who said print media wasn't relevant...
    18 Oct 2012, 01:45 PM Reply Like
  • russellb73
    , contributor
    Comments (402) | Send Message
     
    LOL....wow that is gotta hurt RRD, I wonder how much the GOOG account is worth to RRD? Some poor intern just got fired (being blamed for the hiring manager accidentally hitting send LOL). RRD probably gets sued and raked over the coals for this.
    18 Oct 2012, 01:49 PM Reply Like
  • Mike Spelman
    , contributor
    Comments (65) | Send Message
     
    a
    18 Oct 2012, 01:51 PM Reply Like
  • bbrady413
    , contributor
    Comments (757) | Send Message
     
    Does anybody else find this whole debacle hilarious?
    18 Oct 2012, 01:54 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    why should google be allowed to halt trading?

     

    don't like the drop, so you stop trading? What if everyone were allowed to do this...
    18 Oct 2012, 01:58 PM Reply Like
  • russellb73
    , contributor
    Comments (402) | Send Message
     
    I thought it was halted because it hit the level for the "circuit breakers" to act? Anyone know?
    18 Oct 2012, 02:01 PM Reply Like
  • bbrady413
    , contributor
    Comments (757) | Send Message
     
    Google made the request. But it changes nothing. This stock is gonna drop like a rock once trading is reopened.
    18 Oct 2012, 02:04 PM Reply Like
  • NightFire45
    , contributor
    Comments (33) | Send Message
     
    Exactly, this happens frequently during very bad news or really good news. Too much trading so the system tries to cool off.
    18 Oct 2012, 02:25 PM Reply Like
  • Atkins
    , contributor
    Comments (1045) | Send Message
     
    This is a shocker to me. I did not expect it. Fortunately, I own exactly zero shares of Google. I suspect it will be down another 15 percent by the time the bleeding stops...whenever that may be.
    18 Oct 2012, 03:40 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    if aapl misses and earnings get released midday unintentionally one day, I better not see apple request trading to stop. This is bullshtt
    18 Oct 2012, 02:10 PM Reply Like
  • jackking7
    , contributor
    Comments (35) | Send Message
     
    There s/b monetary damages to GOOG and their publisher. Many traders, like myself, had planned to sell the stock, or options, just before the normal 4pm ET close, to lock in gains prior to the E/R.
    18 Oct 2012, 09:28 PM Reply Like
  • wigit5
    , contributor
    Comments (4102) | Send Message
     
    sorry to hear that jackking7, that really blows... Maybe a stop loss is a good way to prevent that?
    19 Oct 2012, 08:45 AM Reply Like
  • jackking7
    , contributor
    Comments (35) | Send Message
     
    Good suggestion normally...but I was going to sell b4 day's end, for a decent gain under normal conditions, and their mistake cost me 1/2 the gains I s/have booked.
    19 Oct 2012, 01:18 PM Reply Like
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