Screaming Penguin

I was skeptical about the Google IPO. Dont get me wrong I think the dutch auction and open access and so on was great, I just wants sure the valuation was on target. I figured I would wait a few quarters and the $85 a share would come down to $50 or less after the bubble. Yeah sure, excellent investment strategy again (from a guy that owns a few thousand Webvan shares, doooh!). Well Google of course has surged after record profits and the price is now at $160 and analysts are calling it a $200 "target". So now I recommend you go ahead and buy some GOOG ;) See the linked articles for more on the great Google results (and note that their earnings are mainly from web advertising such as that over there ------->, if the other products such as search appliance, desktop search, picture stuff, blogging stuff, reported IM and so on ever make a real dent then look out).   Google wows investors with first results since IPO