Google Makes Big Bucks
From an article in MediaDailyNews:
"In its first report since going public, Google, Inc. delivered strong third-quarter earnings Thursday. The Mountain View, Calif. company earned $52 million--up from the year-ago $20 million--on revenue of $806 million for the quarter ending Sept. 30, 2004. That's up 105 percent from $394 million in the third quarter 2003. "
I'm not surprised that Google's making serious money, is anyone here surprised? I'm sure they'll continue to show strong growth for a long time to come. Google's stock isn't doing too shabby, either, with serious gains on news of their Q3 results.
Is this the next Dot-com Bubble? I don't think so. I think it's pretty easy to see the difference between Google and Pets.com. (In case you don't see the difference, one had a sock puppet that looked like a dog, the other is making 8 figure profits every quarter). Google's hot and I'm sure it won't hurt the industry, but I think investors aren't as stupid as they were 5 years ago. Well, they might be just as stupid, but hopefully learned not to make the same mistakes.
"In its first report since going public, Google, Inc. delivered strong third-quarter earnings Thursday. The Mountain View, Calif. company earned $52 million--up from the year-ago $20 million--on revenue of $806 million for the quarter ending Sept. 30, 2004. That's up 105 percent from $394 million in the third quarter 2003. "
I'm not surprised that Google's making serious money, is anyone here surprised? I'm sure they'll continue to show strong growth for a long time to come. Google's stock isn't doing too shabby, either, with serious gains on news of their Q3 results.
Is this the next Dot-com Bubble? I don't think so. I think it's pretty easy to see the difference between Google and Pets.com. (In case you don't see the difference, one had a sock puppet that looked like a dog, the other is making 8 figure profits every quarter). Google's hot and I'm sure it won't hurt the industry, but I think investors aren't as stupid as they were 5 years ago. Well, they might be just as stupid, but hopefully learned not to make the same mistakes.
posted by Dave @ 1:46 PM
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