Language Selection

English French German Italian Portuguese Spanish

Google shares take a dive

Filed under

Since its dramatic IPO in August 2004, stock analysts have been asking Google executives to give them more guidance about the company's business prospects.

Now, they say, the Internet search giant may be paying a price for being so tight-lipped.

Investors drove Google's stock down nearly 14 percent Tuesday morning, after Chief Financial Officer George Reyes warned that ``clearly our growth rates are slowing, and you see that each and every quarter.'' Reyes made his comments at a Merrill Lynch investor conference in New York.

Reyes' remarks, combined with news of a weakening housing market, a decline in consumer confidence and disappointing reports of economic and manufacturing activity, led to declines of around 1 percent in both the Nasdaq composite index and the Dow Jones industrial average.

By the end of the day, however, many analysts were saying that the market had overreacted to the news from Google.

Full Story.

More in Tux Machines

Mesa 11.1 RC2 Brings Dozens Of Fixes

It's coming a few days late, but Mesa 11.1 Release Candidate 2 was officially released today. Mesa 11.1 when released later in December will have many new features but doesn't bump the overall OpenGL version support. Now being past the Mesa Git branching, Mesa 11.1-RC2 is just about bug/regression fixing. Read more

uNav GPS Navigation App for Ubuntu Phones Receives a Major Update

Today, November 30, Marcos Costales has just announced a new update for its awesome uNav GPS navigation app for Ubuntu Phone devices, a release that introduces some interesting new features. Read more

Watch: Ubuntu 16.04 LTS with Unity 8 Gets a New and Beautiful Official Theme

The next Ubuntu desktop with Unity 8 cannot launch with the same theme as the old Unity 7, although that seemed like the case, until now at least. The team has finally changed the theme for Ubuntu 16.04 LTS with Unity 8, and it looks really, really good. Read more