Google ‘Recession’

‘Shares of Google are down 5 percent today, adding to a slide of more than 35 percent since the stock traded above $700 in early December.

‘The growing fear is that even the search behemoth, which once could no wrong as far as investors were concerned, is not immune to fallout from weaker internet spending as the economy slows.

‘As Sam Gustin reported earlier, that worry was underscored by a note from Ben Schachter, an analyst with UBS, who lowered his expectations for Google’s 2008 and 2009 revenue by 1 percent and cut his price target for the stock to $590 from $650.’


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