Friday, November 05, 2004

UBS Sees Google Falling: "UBS took a daring stance on Google, initiating the gassed-up shares at reduce on grounds the popular search engine could see slowing growth and margin deterioration in the coming year."—

Is it really daring to suggest that Google is in fact worth but a measly $43.39B? If the very suggestion that the company is $7B overvalued trims $4B off its market cap in one day, I'd say the boys at UBS are barely scratching the surface. Bubble on!