GOOG P/E >100 -> KRANK!? - 500 Beiträge pro Seite

[marcav98]

Fortune`s article "GATES VS. GOOGLE"

inside Microsoft, the battle with Google has become far more than a fight over search: It`s a certifiable grudge match for king of the hill in high tech. "Google is interesting not just because of web search, but because they`re going to try to take that and use it to get into other parts of software," says Gates as he leans forward in his chair, his body coiled as if he could spring to his feet at any second. "If all there was was search, you really shouldn`t care so much about it. It`s because they are a software company," he says. "In that sense," he adds later, "they are more like us than anyone else we have ever competed with."

Perhaps worst of all, Google is building programs that people at Microsoft prefer to their own. Microsofties have always been voracious samplers of competitors` products; many used the Netscape browser for years until Microsoft`s Internet Explorer was good enough. But today, stop almost anyone on campus and ask which e-mail or photo or blogging program he uses, and the answer will invariably be Google`s. No wonder Bill Gates is mad.

The price for being slow-footed became abundantly clear last fall: Google beat Microsoft to market with desktop-search software by two months. The news ripped through Microsoft with titanic force. Everyone from Gates on down scrambled into meetings to assess how good Google`s product was. Not especially, they decided. Even so, it dealt a blow to their pride. "Here Microsoft was spending $600 million a year in R&D for MSN, $1 billion a year for Office, and $1 billion a year for Windows, and Google gets desktop search out before us? It was a real wake-up call," says an exec. "It was the first time many people in the corporation understood that Google was more than just a search engine. People said, `If they can do desktop search, what prevents them from doing a version of Excel, PowerPoint, or Word, or buying Star Office [from Sun Microsystems]?` "

Microsoft`s array of weapons has so far proved next to useless against Google. For one thing, any attempt to bundle search with its products will probably be scrutinized by antitrust regulators. Meanwhile, you no longer need a PC to use Google—it works fine from a Treo, a BlackBerry, a cellphone, a television, an Apple, or a Linux computer—any device with some kind of keyboard and Internet access. Nor can Microsoft undercut the price of Google software as it did with Netscape: Google is already free. There`s no quick and easy way to lure away Google`s online advertisers either. They pay based on the price of a keyword in a search and on how many times users click on the ad, but Google doesn`t control that—it`s set by auction. Says a former Microsoft executive: "Microsoft can play its old game to compete with Linux and Apple. It has to play Google`s game to compete with Google."

Microsoft is taking longer to catch Google than anyone could have imagined—and it will take longer still. Unless it can deliver search that is plainly better, most users won`t bother to switch, says Piper Jaffray analyst Safa Rashtchy. He adds, "Google is a huge brand. From where I sit, it`s their game to lose." The competition could well test Gates` patience as never before.

[DerEremit]

Das finde ich allerdings auch krank.

Die haben mittlerweile 74 MRD. Marktkapitalisierung !!! gegenüber Yahoo mit 52 Mrd.

Und dann kommen noch vermeintlich seriöse Analystenhäuser und stufen den Wert weiter hoch. So geschehen gerade wieder heute von Piper Jeffries mit Kursziel 300 ! Ich frage mich wie ein Analyst das begründen will. Und irgendwann stehen die Dinger wieder bei 100 und dann stuft der selbe Analyst fie Aktien auf verkaufen.

[marcav98]

du triffst es genau auf den punkt:

trotz
- corporate governance
- anderen verhaltenskodexe
- sorbanes-oxley government accounting
- sorbanes-oxley act
- etc.

haben die analystenhäuser doch immer noch narrenfreiheit....wird sich wohl nie etwas ändern.

ich finde das neue kursziel 300 von google bzw. deren begründung eine frechheit.

[DerEremit]

Vor allem nach dem Kursziel von 300 durch Piper, lehnt sich der nächste Analys einen Tag später mit einem 350er Kursziel aus dem Fenster. Diesmal war es ein hochbezahlter Analys der Credit Swiss.

Google ist jetzt mit 80 Mrd. !!! bewertet. Was soll diese Bewertung denn rechtfertigen ???

Damit ist google fast doppelt so teuer wie eine SAP. Einfach krank.