Top > Business > 2006 > March > 2006-03-02

Google Stocks Begin Their Decline

Ensuring investors that your stocks and your business will continue to grow indefinitely is something that smart business men will never promise. Sadly, it is not possible in this day and age to make any promises to anyone about businesses, even if your company happens to be Google. Google is considered to be the top search engine on the planet and until recently the site just kept growing and expanding.

With a plethora of languages to choose from and more people discovering the Internet everyday, it seemed that the growth of Google would never end. But, alas, this is of course not the case. Google Inc.`s stocks have dipped sharply after Chief Financial Officer George Reyes told investors that growth at the online search leader was slowing. The Mountain View, California-based company`s stock slid more than 10 percent, or nearly $41, after Reyes told investors at a Merrill Lynch conference that the company would have to find new ways to boost revenues.

The stock had risen $12.98, or 3.4 percent, to close at $390.38 on the Nasdaq Stock Market amid renewed investor optimism about the company`s moneymaking ability. However, despite the recent rebound, company shares remain well below th record high of $475.11 reached in early January.