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November 18, 2004
Google warns: profits will slow
Google has warned the financial markets that the Google honeymoon is over. The rate of growth for the second to third quarter - which saw a leap in revenue from ��393.9 million to ��805.9 million - is "unsustainable", especially with such fierce competition coming from MSN's new search engine, and Yahoo!'s aggregated search technology.
With smaller engines such as Ask Jeeves and amazon's new A9 search engine expanding their market share, the pressure is on for Google to post sustainable and realistic growth after the general market hysteria of the IPO.
More on the story here: Google warns sales growth to slow
Posted by at November 18, 2004 02:19 PM
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