I'm stuck in the Phoenix airport waiting for a plane that is delayed. By now, you all know that Google made a lot of money this past quarter. Here's the low-down from the official release:
Google reported record revenues of $1.578 billion for the quarter ended September 30, 2005, up 96% compared to the third quarter of 2004, and up 14% compared to last quarter. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. This quarter, TAC totaled $530 million, or 34% percent of advertising revenues.
- This is about their market share
- This can't continue can it?
And this, this a.m.: (per Reuters): "First Albany and Lehman Brothers went further, upping their price targets to $450 a share."