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Sunday, July 23, 2006

Google's Wild Ride: weekly wrap-up

As quarterly results from Yahoo!, Microsfot, Intel and Google itself who experienced a downfall this week. Google began the week on a strong note at $390 per share but declined to a low of $375 on Friday, prior to releasing news of superior reviews (which is no reason to go down in stock value...but hey, its all up the street). Although, according to a popular vote, Google is still considered to be over valued, the company has strong fundementals with impressive revenue growth from search engine advertising (their main source of profit).

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