Google (GOOG) pays the price for being classified as a tech stock, where it's often perceived as...

|By:, SA News Editor

Google (GOOG) pays the price for being classified as a tech stock, where it's often perceived as the next Microsoft (MSFT), a lumbering giant that generates lots of cash. If Google is treated as a media stock, its superior growth should argue in favor of a higher valuation. Yet CBS and Disney (DIS), growing at a fraction of Google's rate, both command higher multiples.