DISQUS

Paul Montgomery · 3 years ago

Even assuming that a majority of analysts are craven weasels (just kidding, guys)

So you should apologise to the weasels. Being compared to stock analysts is a major insult.
Mathew · 3 years ago

Good point. I totally take that back -- unfair to the weasels :-)
stefan · 3 years ago

Mathew, what was your view of the way Google spun the results on its conference call? The full transcript is up at
http://internetstockblog.com/article/6351

As a google investor, would appreciate your take on this.
Mathew · 3 years ago

Stefan:

As I see it, Google is essentially saying that the difference in their tax rate accounts for the majority of the miss, and as far as I can tell they are right. Expenses actually fell as a percentage of revenue, which is good, and there was substantial revenue growth, which is also good. I think this is more evidence that analysts are having a hard time coming up with forecasts because they get so little guidance -- and apparently Google has said it will start providing more on the tax side at least.