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Internet Marketing Secrets Blog - Rajeev Pandey

The impact of world economic recession is shown in top level companies of the  words also. Google Inc, whose shares have plunged more than 40 per cent since November, could fall almost another 20 per cent due to the US economic slowdown and aggressive spending by the Internet search engine company, according to the latest issue of Barron’s.

“While a short-term bounce might follow the stock’s swift descent, the shares are likely to head even lower if analysts start slashing their earnings estimates to reflect today’s tougher operating environment, as they should be doing,” the report said.

The article’s headline questioned whether Google shares, which closed on Friday at $433.35, could be headed below $350.