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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (60369)	3/8/2006 8:44:22 PM
From: stockman_scott	Respond to of 362849

S&P Cuts Google Price Target yahoo.businessweek.com Analyst Scott Kessler keeps his hold opinion on the search outfit. Google (GOOG ): Reiterates 3 STARS (hold) Analyst: Scott Kessler The Internet search outfit disclosed that on Mar. 2 it inadvertently posted online annotations to its analyst day slides, which included projections for 2006 revenues of $9.5 billion, squeezed AdSense margins, and stock-based compensation of $342 million. We do not think the revenue forecast included AOL, with which Google renewed its contract in December, 2005. Nonetheless, we are trimming our estimates for 2006 revenues to $10.1 billion from $10.2 billion, and for EPS to $7.40 from $7.79, reflecting greater than expected stock option expense. Our 12-month target price declines to $370 from $390, based on revised peer and discounted cash-flow analyses.