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LarryBlumen
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I worked for 40 years as a mainframe software developer for an agency of the Federal Government. Then, in 2004, I retired and returned to the same agency as a contractor, doing the same work. In 2009, I got fired for saying uncomplimentary things about the bosses in a public venue. It was a... More
My blog:
The Google Opinion
My book:
VD Man
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  • Google: The Most Misunderstood Company In The Known Universe

    Google can't get a date on Saturday night.

    After a stellar earnings report last night, all I'm hearing this morning is grousing about the stock split, which is a non-event. The naysayers ("GOOGLE GROWTH DECELERATING!") sound like refugees from a Republican presidential debate. Cramer was disappointed with the call because the analysts didn't ask the right questions, but he defended the company and the results on CNBC today, while Melissa Lee and David Faber jumped all over him. Faber said Facebook is getting search! I have one word for Faber: Bing! You want another word? Panama! (anybody remember that?)

    The truth is that Page and Brin, in ten years, have built a huge, and hugely successful, company by creating the largest, lowest cost data system on the face of the earth that is, by design, literally (and I mean literally!) infinitely scalable, which they have turned into a gigantic vacuum cleaner for sucking up money from every nook and cranny of the world. While most corporations are centrally controlled like little politburos, Page and Brin have instituted advanced, decentralized management structures and procedures that ensure that the best ideas percolate to the top. They have executed brilliantly (Adwords! Android! Youtube!).

    Right now, GOOG is trading below yesterday's closing price. Why shouldn't Page and Brin be paranoid about maintaining control of Google? Every hedge fund manager on the planet thinks that they could run the company better.

    Disclosure: I am long GOOG.

    Additional disclosure: I have owned GOOG since 2004.

    Tags: GOOG
    Apr 13 12:46 PM | Link | Comment!
  • Passover For Google

    Why is this night different from all other nights? It's Passover for Google---will it report stellar earnings again and again be passed over by traders?

    This quarter has been traditionally weak for Google, but the buzz is hopeful. Google has been slammed several times in the past by the analysts who can't guess right, but it has never had a really bad quarter.

    I'm expecting a good report this evening, but probably not a home run, although I'm reasonably certain that it won't be thrown out at first.

    Mixed metaphors in this post: 2.

    Disclosure: I am long GOOG.

    Tags: GOOG
    Apr 12 1:48 PM | Link | Comment!
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