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Google (GOOG) has resumed trading after releasing an official Q3 report that largely matches its...

Google (GOOG) has resumed trading after releasing an official Q3 report that largely matches its draft report. Shares are down 7.5%, a little above the levels they were at when shares were halted. Citi's Mark Mahaney, who was singing Google's praises last month, calls the report "negatral," and isn't happy with Motorola's performance. Piper notes revenue derived from Google-owned sites was up just 2.5% Q/Q after rising 8% the last two years. (more)
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Comments (10)
  • BHL
    , contributor
    Comments (42) | Send Message
     
    Amazing, this market is so tough. You could have bought GOOG in July and still be up close to 20% ~3 months later after the pooched the qtr. So you could have bought GOOG, gotten the qtr and fundamental trends totally wrong, and still be up 20%. Man, it must be hard to be doing a lot of shorting in this market.
    18 Oct 2012, 03:45 PM Reply Like
  • Atkins
    , contributor
    Comments (1045) | Send Message
     
    Nice try, Mark Mahaney..."negatral." Typical analyst.
    18 Oct 2012, 03:55 PM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    M.M. never met an overvalued tech or internet stock he didn't like, the guy is dangerous!
    18 Oct 2012, 03:59 PM Reply Like
  • june1234
    , contributor
    Comments (2689) | Send Message
     
    US GDP growth for 2012 lower than 2011 which was lower than 2010; market up 30 to 40% ;nothing to do with fundamentals for sure. Don't fight the Fed. I'm surprised at Google management. Did they not learn the "not as bad as expected" path to stock appreciation

     

    Headline read: Premature release of Google earnings sends stock plummeting. Could the 20% drop in net income have anything to do with the drop? just a thought. You gotta love these folks. I am now convinced most of CNBC's writers were hired from comedy central.
    18 Oct 2012, 03:59 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
     
    MOTO acquisition would go down in history as one of the worst mergers ever, next to Sprint/Nextel, BoA/Countrywide, and HP/Palm

     

    $12.5B for "patents" ?? Give me a break.
    18 Oct 2012, 04:03 PM Reply Like
  • Sahib
    , contributor
    Comments (21) | Send Message
     
    AOL-Time Warner is still the standardbearer of worst mergers.

     

    The acquisition of Motorola was understandale hedge considering the legal battles being waged by Apple,Samsung,etc. They just paid far too much for it. They really just need to figure out how to take advantage of the their position in the Android mobile space. The new ChromeBook seems like a real game changer. I hope they are making some money on the deal and not just selling it at cost.
    18 Oct 2012, 11:08 PM Reply Like
  • june1234
    , contributor
    Comments (2689) | Send Message
     
    Googles bread and butter is still advertising ;with the PC desktop world getting cannibalized by mobile some expect Googles problems going forward to remain. You can't sell an ad on a 3 inch screen the way you do on a 13 inch one. I find ads on my phone more a nuisance than anything else, too small a space
    18 Oct 2012, 04:12 PM Reply Like
  • labas112
    , contributor
    Comments (335) | Send Message
     
    Its only a matter of time before someone develops an app to stop ads on mobile just like adblock for chrome.
    18 Oct 2012, 10:36 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Let's hear more about their fanless $249 laptop
    18 Oct 2012, 04:17 PM Reply Like
  • june1234
    , contributor
    Comments (2689) | Send Message
     
    In their earnings call Google said they had a 90% yr over yr increase in mobile. They are hurting themselves the more androids they sell
    18 Oct 2012, 04:56 PM Reply Like
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