Google's net income for the third quarter rose $1.07 billion from $733 billion in the same quarter last year. Earnings excluding certain items were $3.91 a share versus analysts expectations of $3.78 a share.
As I've said in previous articles...
...there is no reason to think this train is going to slow down any time soon. Anyone involvled in the Web will tell you that Google is the new Microsoft in both the best and worst ways. They control the entry to the Web with their search engine, they have the best engineers, they dominate the fastest growing market (online advertising), they have the best technology, and they are aggressive and intent on taking over the digital world.
It is very difficult to make your online business successful without Google. And soon that will extend to offline businesses as well.
Will Google slow down? Not yet, in my opinion. Ad dollars are still pouring into the Web and they have a brand and technology which should carry them for the next 5-10 years. If a competitor emerged, they'll just buy them.
I don't own Google but if I had a few extra bucks, I would.
Related Articles:
Google Poised to Bid Big for Wireless Spectrum by soczie - Jul 20, 2007
Ballmer Puts Google on the Ropes with Micro-Hoo by soczie - Feb 02, 2008
FCC Caves in to Google and Votes in Favor of Open Access by JRodgers - Aug 01, 2007
Google Gives the Finger to the Street by MBANewlyMinted - Jul 19, 2007.
