Latest InsideMicrosoft Posts: InsideGoogle: AmTech Downgrade Hurting Google Bad .comment-link {margin-left:.6em;}
InsideGoogle
Tuesday, October 12, 2004
 
AmTech Downgrade Hurting Google Bad
Yesterday morning's downgrade of GOOG from "Hold" to "Sell" by AmTech is still hurting Google. Yesterday's announcement sent Google shares down 1.8% yesterday, and they've dropped another $1.26 in pre-market trading. AmTech's Mark Mahaney thinks Google's quarterly report, coming in nine days, will be below expectations, because of all the movement in the search industry (Snap, MyJeeves, others). Personally, I disagree, especially since those new engines and new features will take months to cut into Google's bottom line and actually affect earnings. I would adopt a "wait-and-see" approach until the earnings report arrives on the 21st. Yahoo's report is coming later today.

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