Subpoena Resistance Hurts Google Stock

imrec writes "Google stock sees a record 8% decline shortly after news concerning the government's request for Google's search logs broke earlier this week." From the article: "'There are potentially concerns that Google could be in the cross-hairs of the Justice Department,' Kessler said. 'Investors are worried about interest rates and inflation and they felt technology stocks like Google, Apple, Yahoo and others were able to withstand these kinds of pressure. But now that ability is in doubt,'"

Comments

Re:This is FUD

[undeadly]

The entire market was down. Granted, not 8%, but to attribute the decline in the Google shareprice because of the DOJ action is silly.

"Defy us and we'll plant false stories to punish you." Actually, this is common practice with the current administration.

Re:Google is Horribly Overpriced

[31415926535897]

That gives [GOOG] a P/E ratio of around 88 or 89. [MSFT's] P/E is in the low 20's.

Sorry, but sometimes I feel like P/E ratio is one of the mose asinine measurements. The current P/Es don't take splits into account. Based on splits and adjustments, MSFT's P/E is really 276.66. GOOG hasn't split or given dividends since it IPOed, so it still has its P/E of 90. Now GOOG's P/E doesn't look so bad, does it?

Re:How is this request an invasion into users priv

[dbdweeb]

Finally someone has got to the essence of the request for information. It's summary data merely intended to support the case that child porn continues unencumbered and that children have unfettered access to porn.

Instead of "Do no evil" Google has gone to the extreme of "Report no evil." Like an ostrich with its head in the sand Google wants to pretend that there is no evil in the world when in fact their tool can be used as an instrument of evil.

Here's my new slogan, "Combat evil." Alas, that takes moral clarity and moral courage so I doubt a for profit company will have the integrity to do it.

Re:For christs sake

[Darkman, Walkin Dude]

Who cares? It doesn't make you any more right. Or any less a troll.

Re:For christs sake

[Darkman, Walkin Dude]

You seem to be labouring under the impression that someone gives a crap what you think.

freedom of the net

[mike111111111111]

much trouble is that this was made into political issue. I have a child and to put it mildly, when a billion dollar company refuses to help in working on law that may help to defend children from porn, I want this company out. -- cheers

/. bias bias

[sarragorn]

that's stupid. there's no way you can protect your child from porn. think about it. but the thing is that the /. post is so ..biased the original article barely menions the bush issue in the last sentence. /. makes it sound like it's the main cause. this is a trollie site all the way. ^_^11!!