Monday, February 04, 2008
Here's an article that seems to capture the investment mood lately.
Investors were offered a glimpse at Google's durability in tough economic times when the company announced lower-than-expected quarterly results that failed to meet Wall Street forecasts. Even though revenue rose more than 50 per cent and profit grew 17 per cent to $3.79 a share, results fell short of market expectations of $3.91 a share, sending the stock spiralling by as much as 9 per cent in after hours trading.Seems like someone's not seeing the forest for the trees.
Consumer clicks on advertisements grew only 30 per cent in the quarter, down from about 50 per cent growth in the previous four quarters.
The last significant slowdown in ad spending hit in 2001-02 after the tech bubble collapsed. But while ad spending slowed that year, it still grew by a rate of 1.4 per cent.I think the whole Microsoft/Yahoo thing is just a highly visible part of something very big.
I don't have any investments in the Internet industry right now, but I do have investments in things I believe are long term trends.
As of December 30, 2007, 1.319 billion people use the Internet according to Internet World Stats. Writing in the Harvard International Review, philosopher N.J. Slabbert, a writer on policy issues for the Washington, D.C.–based Urban Land Institute, has asserted that the Internet is fast becoming a basic feature of global civilization, so that what has traditionally been called "civil society" is now becoming identical with information technology society as defined by Internet use. - web design company, web designer, web design india