Lehman Brothers cut its price target on Googleto $600 from $620, and lowered its revenue and earnings estimates on the company for the second half of 2008 and 2009 based on the strong U.S. dollar.
Google shares have lost more than 39 percent this year.
For 2008, Lehman expects earnings of $19.21 a share on revenue of $15.93 billion, down from its earlier forecast of $19.46 a share on revenue of $16.15 billion.
The brokerage lowered its 2009 earnings forecast to $22.41 a share on revenue of $19.71 billion.
It is about time that other Online Company’s cash in not Only Google.
That is the way.
Variety is the spice in life.
Consumers need to have a choice with who to do business Online and Offline.
I still think that google is doing well