Feeds

Google CFO crushes investors' dreams of limitless growth

Lookin' for cash in all the new places

Beginner's guide to SSL certificates

Shares of Google took a dive Tuesday, as the company's CFO told investors what they wanted to hear least. The growth - she is a-slowin'.

In a rare confrontation with the public, Google's CFO George Reyes dropped a doozie. "Most of what is left is just organic growth," he said on a Merrill Lynch webcast, according to Reuters. "Clearly our growth rates are slowing. We see that each and every quarter. We are going to have to find new ways to monetize the business."

That gem of wisdom caused the Google fanboys to pause for a moment and then sell off their shares at pace. Google's stock dropped as much as 13 per cent on the day before regaining a bit of ground as nerves calmed. Google ended down more than seven per cent by market close at $362.62 per share.

Close to 100 per cent of Google's revenue comes from its web search ad business, which you've all grown to know and love. And, given that fact, it's no wonder investors are concerned about a lack of growth.

Google has not proven itself terribly adept at new money making ventures. Its Google Video service, for example, still has just three episodes of CSI up for sale close to two months after Google launched its partnership with CBS. A company that can't hawk the hottest show on television can't hawk much - well, except for boxes of text.

Investors should remember that Google places "Do No Evil" as its mission and has said that making short-term profits to please shareholders is not the primary motivation driving the company. Where selling out to China fits into those claims remains anyone's guess. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.