Tuesday, October 09, 2007
It's The New Economy Again Stupid
Peripheral Visionary noted so very corretly...
Google at $620/shr; current valuation puts them above Wal-mart.
. . . because Google is where everyone goes to buy clothes, food, electronics and toys for the kids. But even if their retail arm suffers, they've still got wireless services, and their broadcasting and entertainment arm, and of course their full range of financial services. Why, it makes perfect sense that they're one of the biggest corporations in America by valuation!
GOOG, AAPL, RIMM. Mien Gott! The only questions remaining are how big the stock splits are going to be. It's like Mar 2000 never happened.
I'm scared enough to not have anything in the GOOG arena but isn't some 30% of their revenue RE and financials related internet advertising? I'm getting increasingly uncomfortable with Google. I wanted to buy some mondo grass spigs for the gardens so I did what 70% of the world does. I googled "mondo grass" and got dozens of hits. Now I'm not the average dawg and I don't just clic through the top hit. Instead I checked out a few discussion threads and discovered there is a website mondograss.com. Strangely they weren't in the google hits. Maybe it was just a compound word search error so I went back and googled "mondograss" as all one word. Hits number 8&9 and those were to the "about us" pages and such. Now the kicker. They are cheaper by far than any of the google associated top hits. I am distinctly uncomfortable with these trends. I am also noticing a crowding out of anything non-commercial from the results. I often search for transportation and urban data and the quality of the results is rapidly deteriorating in favor of tangentially related paid placement.
What say ye all? Am I being alarmist?