According to recent news from- The Press Association- Search engine giant Google has helped calmed fears over an online advertising downturn after posting earnings of 1.31 billion US dollars (£656bn) for the first three months of the year. The US-based internet group beat market forecasts with news of a 30% hike in first quarter profits, revealed on Thursday. The group also said that UK revenues stood at 803 million US dollars (£402m) in the quarter, representing 15% of the group's total sales, up from 14% at the end of 2007. Google has seen its shares hammered recently on concerns over its prospects amid an economic slump. Recent online industry figures in America had suggested that fewer people were clicking on Google's links to advertising as the economic slowdown in the US started to bite. Google makes money from advertising links, but only when web surfers click on them. Its upbeat first quarter results offered hopes that the internet advertising market remains robust. Google reported revenue of 5.19 billion US dollars (£2.6bn) in the three months to the end of March, up 42% on a year ago. When the commission paid to advertising partners is stripped out, Google's revenue stood at 3.7 billion US dollars (£1.9bn) - around 100 million US dollars (£50m) above analyst estimates. International markets accounted for more than half of revenue, up from 47% this time last year, according to Google. http://ukpress.google.com/article/ALeqM5iJPhezYIDPwKnKkvq8uMRC2YQRqg
thank goodness for some good news. my account needed the boost. Goog and AAPL should now be heading for the stars for the next 3 months. time to Buy long terms CALLS I say.
Just setup an account at a brokerage say etrade.com and you can start buying Google shares, do be reminded that what the public is trading is Google A shares, B shares are kept tightly by the founders.