When Google Gets a Cold,…

Google Inc stock has been on a long 5 year streak of ever increasing stock price. Well looks like that ended this week. Trading today has Google on a uptick, but they are down 300 a share from their highs of 700’s back in December.

Month of February

The U.S. economy is wheezing so badly that even Internet power Google Inc. and its once-robust stock is looking haggard.

The focus on Google’s recent deterioration sharpened Tuesday as investors reacted to the latest evidence indicating fewer people in the United States are clicking on the Internet ads that generate most of the online search leader’s profits.

The unsettling trend, captured in a closely followed report from Internet research firm comScore Inc., shoved Google shares to an 11-month low. The drop extended a slump that has lowered the Mountain View-based company’s market value by 33 percent, or about $70 billion, during the first seven weeks of the year. The tech-laden Nasdaq composite index has declined by 12 percent during the same stretch.

This could portend a slow growth for much of the ThridPipe industry providers.. With consumer confidence down expenditures on tech will have a wary eye to ROI, front and center. Which if you think about it can be a good thing. That which is a WiMax transport or application fits a need that in a less expensive manner than existing technologies.

Google Financials.
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