Google to Wall Street: “Up Yours”
Google has been taking a lot of flak over the last few days from the Wall Street Power Broker types. They are upset that Google hasn’t been issuing earnings guidance, which makes the price of GOOG fluctate more than some would like. The article quotes one whiney analysts saying:
“The time has come for Google to step into line,” one analyst said. “It is in the interest of all shareholders, including the company’s employees and officers, that the share price achieves some stability.”
When Google went public, they told you how they were going to do things straight-up, and you decided to buy their shares anyway. Get bent.