Google Loses A Franklin
by Bill Maurer
Late last week, Internet giant Google (GOOG) released its fiscal third-quarter earnings report. The report was released a few hours early, causing a huge firestorm and media frenzy throughout the day. Google's stock dropped and was halted for a few hours. When the dust settled, Google released its finalized report. The worst fears were confirmed. Google substantially missed on the bottom line, and revenues were terrible as well. The bad report has put some fear into Google investors, and the stock has gone lower since. Today I'll examine Google's results, and determine what investors need to do right now. But one fact is clear: Since the recent high near $775 Google has lost a Franklin, or $100. read more »
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