Reading about Google’s stock ‘crashing’ (according to the homepage of the
An 82 per cent rise in net income and an 86 per cent lift in sales was not enough for investors and anaylsts who were expecting an even better earnings result to justify the company’s stellar share price.
“Its valuation means it’s priced for perfection and perfection was not delivered this quarter,” said Tim Ghriskey, chief investment manager at Solaris Asset Management.
Despite being generally buzzword adverse, I’m a fan of this concept of web 2.0 (which to me encompasses a whole range of different developments – technical, philosophical, design, audience size, lots of things – that are happening right now, and that really make me want to bounce out of bed and come to work, like I haven’t for a long time. I want to think of web 2.0 as being truly a generational shift, not just a passing fad. I’m hoping to be here to see 2.1, 2.2, and the rest.
Hopefully even 3.0 (to those who are
That’s why the recent Google and Yahoo corrections make me smile. Despite the fact that there will always be a bunch of jackasses who think that they look clever by learning a few buzzwords and firing them off at every available opportunity, by and large this time we’re following the rules – economic, design, project management etc. that we know to be true. And that’s what got dumped in the bubble. So for now at least, as long as the stockmarket demands that technology companies deliver on the performances they promise – I’m happy.