Wonderful Paul
Paul Kedrosky, as usual, has got the goods on the Google guys:
Late today Google issued a press release "clarifying" CFO George Reyes' clumsy earlier-in-the-day comments about the company's growth and monetization prospects. Reyes' original attempt to hold down market expectations, plus tonight's official press release, demonstrate beyond a doubt, as I've said for some time, that Google, contrary to received wisdom, gives guidance. It's just that Google is really, really bad at it.
It's amazing what having a few tens of billions of dollars will enable you to be really, really bad at.
