This is quite an announcement by their CFO.
"Most of what is left is just organic growth," Reyes said on a Webcast from the Merrill Lynch Internet Advertising conference in New York.
"Clearly our growth rates are slowing. We see that each and every quarter," he said. "We are going to have to find new ways to monetize the business."
I like that candor but it really torpedoed the stock. Lots of high hopes were rolled up into that 72 trailing P/E. I think Google should take a page out of Yahoo's book and start selling services on their site. Maybe a Google dating service with the robust searching of their technology allowing people to find a mate. Or sell some java games or something. Hmm, or maybe a buyout offer for Yahoo? That would make an Internet colossus that would make MSFT quake in their boots.
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