Google Stock Hits Two-Year Low

Sadighi, Lalee
September 2008
Red Herring;9/29/2008, p6
Trade Publication
The article reports on the decline in the stocks of Google despite announcement of the launch of Android phone in the U.S. Analysts are concerned that the Internet giant will suffer from the general economic malaise. According to Kaufman Bros.' Jason Avilio, they believe the economic weakness will have to impact Google. Avilio lowered his revenue estimate for Google's current third quarter from to $4.03 billion from $4.7 billion.


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