| Hi All
Welcome to the first edition of the newsletter, I have held
back putting it out whilst I was waiting for people to confirm
their subscriptions. The spam driven double opt-in process
is a good initiative, now legalised in the US.
So lets get into it, as usual there is much to talk about
in the world of search ...
This
Weeks Search Engine News
Google
is everywhere in the press these days and no surprise having
surpassed
Yahoo! In market cap last week. (market capitalization of
$52 billion +)With its share price reaching for $200, its
a long
way from the $85 launch price, having more than doubled since
then.
"At the close Friday, Google's price-to-earnings ratio,
based on projected earnings for the next 12 months, was about
76 to 1, while the average stock over time has a P/E of about
15. The forward-looking P/E for the Dow Internet index is
about 33. Since a higher P/E means a stock is riskier, Google
does look expensive.
And there's another hazard: In mid-November, many Google employees
and other insiders will be freed from restrictions on selling
their shares. If these shares flood the market, the law of
supply and demand could well drive the share price down.
Finally, the concerns many observers expressed last summer
are still there. Through their enormous voting power, the
company's two founders and a few insiders have iron-clad control,
making it near impossible for other shareholders to replace
them should they falter. " Seattle Times
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