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Technology Stocks : Alphabet Inc. (Google)

GOOGL 328.48

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Jan 9 9:30 AM EST

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To: Sunnie who wrote (8555)	3/8/2006 6:43:18 AM
From: Cyprian	Read Replies (3) of 15857

Google estimates cut at Goldman on slower affiliate growth marketwatch.com LONDON (MarketWatch) -- Goldman Sachs lowered its estimates on Internet search giant Google, Inc. by 2% and reduced its price target to $490 from $500 to reflect the risk of slower affiliate growth. The move came a day after Google inadvertently let out its sales guidance for the year. Goldman said it believes the company could add fewer new affiliate partners or lose partners in the upcoming months. Goldman bows expects 2006 net revenue of $6.8 billion compared to an earlier forecast of $6.9 billion. The broker also told clients that the company has made three "gaffes" in the last five weeks that do not result in a material change in its view on growth or valuation. "That said, we are worried that if the company is making mistakes on the little things, it is challenging to be incredibly confident that critical things are being done well," Goldman said.

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