Google had a great quarter (earnings up 82% year over year and revenues up more than 22% quarter over quarter).
But they missed Wall Street expectations by more than 15%.
The stock took a 15% hit in the aftermarket. It is now down almost $100 from its previous high.
My personal opinion – huge buying opportunity.
Links:
EarningsCast
Business 2.0
Inside Google
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Keith Teare
Keith Teare is a Silicon Valley based, UK born, entrepreneur. He was involved at the founding of Accelerated Digital Ventures, Archimedes.Studio, RealNames and EasyNet. He was also founding shareholder in TechCrunch. He is US Managing Partner at ADV.
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Brave man!
Brave man!