Monday, October 23, 2006

S&P DOWNGRADES CLASS A SHARES OF GOOGLE TO HOLD FROM BUY ON VALUATION

"S&P DOWNGRADES CLASS A SHARES OF GOOGLE TO HOLD FROM BUY ON VALUATIONS&P Marketscope - October 23, 2006 2:47 PM ETShares are up 19% this month, and are approaching our recently increased 12-month target price of $500. We remain positive on GOOG's fundamentals specifically, and online advertising in general. However, risk-reward considerations contribute significantly to our downgrade. With GOOG today reaching an all-time intra-day high, we are growing increasingly wary of what we perceive to be potentially excessive enthusiasm regarding the company and stock. At current levels, we see the shares as only reasonably valued. "

http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20061023:MTFH41903_2006-10-23_19-55-46_N23390483&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage1

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