Google Over-Extending Itself Financially?

At this rate, they may be out of money by 2345!

Published on August 10, 2006 By Zoomba In WinCustomize News

Google has filed a change in it's report to the U.S. Securities and Exchange Commission stating that it's 2006 spending growth will out-pace it's expected revenue growth as it works to grow infrastructure and provide increased compensation to its employees. This is perhaps the first financial stumble for Google since it's stellar IPO. It says this makes future profitability much harder to predict.

As of this writing, Google (GOOG) shares are at $375.91, down $1.03 (0.27%) for the day.

Comments

StephanA

on Aug 10, 2006

Hello! What's the deal with this report. If you were lucky to have 100,000 shares, your worth would have came down from $30,760,940 to $30,750,910 or if you were unlucky to have 1 share, then your worth would have came down from $376.94 to $375.91. And..................? Sorry man, nothing personal..... but what does this have to do with the price of fish in....., I should say,.... at WinCustomize?

Zoomba

on Aug 10, 2006

Part of the big deal is that Google is sort of the model for the new Internet business world. They make a TON of money, their IPO was insane and wasn't all hype. The only reason I included any stock price info was because it was a financial news piece and the stock data is relevant to that.

It's a slow news day, sue me

DesignCaddy

on Aug 10, 2006

since going public, Googles financial board, and its investors, have cautioned the two young, ambitious owners about their spending. Google spends a LOT of money on researching new technologies, must of it turning out wasteful. But then, Googles two young spearheads are not looking out for their buck - they're looking out for the evolution of internet technology. They see something, they try it. If it fails it fails, if it succedes, great! They're having great successes in pushing OTHERS to excel. I wish more companies could have this gall. But, most companies aren't selling stock at 400$ a peice....

everyone should google 'how google works'.. you'll wind up with a page, posted on april fools day, about how google's search engine works. It's halarious. It gives you a great look in to what google really means to these guys.

Alpha Tellurian

on Aug 11, 2006

everyone should google 'how google works'.. you'll wind up with a page, posted on april fools day, about how google's search engine works. It's halarious. It gives you a great look in to what google really means to these guys.

LOL, that is funny. TX for the hilarious link.

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