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Posted By:
Aviva
278 days ago
Topic Type: News Story (Jump to http://afp.google.com)
Category: Google
Google's stock price dipped below 448 dollars per share on Tuesday but was 462.55 dollars in after-hours trading at 23h00 GMT, representing a five percent drop for the day.
Investors evidently fear the comScore figures signal an end to Google's years of exponential revenue growth.
"The difficulty is that Google is being measured by high growth year over year that has been holding the stock price up," said analyst Rob Enderle of Enderle Group in Silicon Valley.
"Any reduction in growth rate is going to have a catastrophic effect. When the market is already nervous about going into a recession the combination will cause the stock to trade down."
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