I swear stories about Google multiply like rabbits; turn your back for just a minute and there are enough to fill a hutch. But, hey, when a stock breaks $400 everyone wants a piece of the action whether it’s Google as overhyped, Google as potential evil-doer, Google as best thing that ever happened … the safest bet is Google as lightening rod.
– Merrill Lynch analyst Lauren Rich Fine sets the table in a client note today: “Another day, another announcement. The press is rife with reports regarding new Google products & services. While GOOG is patient in nurturing its ideas, Google Base would seem to have interesting transaction potential, which could be enough to satisfy those of us that are concerned about their dependence on search. If not Google Base, there appears to be others in the pipeline. The current valuation seems to presume a new revenue stream; soon would be good.
– Google–what you get for $400 a share: Handy dandy print-and-save chart of Google services. Treats beta-fully launched alike but includes rev streams where applicable.
– Googling For Gold: Business Week couldn’t resist the cover treatment; after all, when Google broke $400 and stayed there “the world may have witnessed something akin to the birth of a new financial planetary system.” But the Google effect is all too real. Take this from Daniel Primack, editor of PE Week Wire: “You’re hearing about a lot of entrepreneurs pitching VCs with their end goal to be acquired by Google. It’s a complete 180 [degree turn] from the IPO craze of five years ago; now Google is looked at like NASDAQ was then.” The biggest difference, of course, is the centralization of ideas and personnel under one expanding roof.
– Google is watching you: Matt Marshalls rounds up the various ways Google is keeping track: “Now may be the time to put Google’s activities under more scrutiny than ever. Google has unleashed so many new services, all of which collect large amounts of data about us, that Google will market to us with its ads with ever more precision.” Update: More SB links for Google gluttons.
– Google to sponsor Manchester United soccer club?: A report that Google may be angling to replace Vodaphone as Manchester United’s sponsor. British news reports include Yahoo and IBM as other tech possibilities for the expensive high-profile sponsorship.
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