Analyst: Google Revenues Will Shrink Through 2010 (GOOG)
The 2008 number is consistent with the rest of Wall Street, but Chowdhry's 2009 and 2010 projections are far lower.
“Our research indicates that the challenging macro-economic conditions continue to worsen Google’s advertising driven consumer Internet business,” he writes, according to Barron's.
Chowdhry says contacts tell him Google's number of keywords sold is down 2% to 5%. He claims bids on keywords are down by as much as 20%.
Sources from search marketing firms SearchIgnite and iCrossing tell us they haven't seen the same kind of declines.
Chowdhry points out that Google canceled plans to builds a data center Oregon and that's not the company's only cost cut. It's also cut food, travel, contractors and Friday afternoon parties -- all while throwing new types of ads against Google News, Google Maps, Google Image Search and YouTube.
Our theory has been that Google is either scrambling to boost its Q4 revenues in order to just barely make them or in order to shock and awe a street full of doubters like Chowdhry.
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Google To "Significantly Reduce" Contractors -- Still (GOOG)
he predicted crm and vmw with bulls eye hits.
i love to see the arrogant mr.internettie go back to 100 bucks so that i can buy it.
how greedy were the trio of google when the stupid stock hit 700 bucks!!!!
i have NOT clicked on a single ad since the stock hit 700 till now and plan to do the same.
world will be far better without mr.softee and mr.internetee
I'm sure the revenue decline is entirely due to you not clicking on ads.
I could buy revenue growth slowing, but actual contraction? He'll have to do more convincing than just "the economy sucks" to make me believe that.
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Why do they need to give investment advice to others, why not just use it themselves? Because it is not "investment advise" it is "market manipulation" under the guise of advise. Wall Street or Vegas, the odds always favor the house.