GOOG Conference Call Summary
Social networking inventory is not doing as well as initially indicated... anticipate other cost of sales could increase going forward... Says hiring in Q4 tends to be slower because of the holidays but will continue to move forward aggressively; decrease in margins was due to the overall decrease in TAC; as they said before margins may continue to decline as they aggressively invest in business... co says they are optimistic about 2008... You Tube seeing strong growth... traffic growth rate for paid click decelerated; says that they did see some better mix; have been weeding out low quality advertisers; also had non-clickable; also believes the timing of holidays were big as Xmas was on Monday/Tuesday which tends to be their biggest days... have had a challenge in Q4 with social networking advertising; still optimistic about future quarters... says that Europe is doing very well... Notes Q3 was a very good quarter and made for tough sequential comparisons... have not seen any negative impact from the 'rumors' of a future recession... stock is trading at $525 in after hours.
Courtesy of Briefing.com
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2 comments:
Kevin,
What do you think of Goog going forward? Unfortuanetly, I bought some shares at the symetric trangle pattern due to impatience of waiting for it to break on the upside. Please advice shall I hold it or get out now? (Really should be disciplined to get out when it broke down the triangle)
Moreover, what do you think of S&P, is it a short rally in a bear market or it is rally higher?
Thanks in advance!
The time to get out of GOOG was when it broke down out of the triangle..I really can't give you advice now because I have no opinion on GOOG and I'm not going to make something up just for the sake of sounding smart. sorry.
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