All right folks its official: silly times are back…. a few weeks ago some put a $575 price target on Google, and I blanched. Then yet another new price target from yet another analyst. Google $600. Today Mark Stahlman, an analyst at Carris & Co. comes and puts a price target of a whopping $2000 a share (said loudly in the voice mimicking Dr. Evil from Austin Powers.) Crazy? Absolutely! Paul Kedrosky is going out on a limb and saying so what’s another $2000 among friends and wonders if $4000-a-share for Google is a possibility. It is all silly and dangerous! Why? Just read this accompanying story from The Wall Street Journal.
[Google vice president Marissa] Mayer said the impetus for Google Pack was the frustration of Google’s two co-founders, Larry Page and Sergey Brin, with installing basic software on new personal computers they purchased.
Blimey…. is that a reason for introducing a product? Bizzare… don’t you think. All Google punters are going get their shins kicked….. hard.