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http://article.wn.com/view/2011/04/17/Google_Is_Being_Punished_for_Spending/
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Monday, April 18, 2011
Google Is Being Punished for Spending
By Angus Robertson Looks like Eric Schmidt is handing over the reins of Google (GOOG) to Larry Page at the perfect time – for him. Page, on the other hand, will be on a hiding to nothing after the market and some analysts were quick to punish the company for spending money to develop its business. Citigroup’s Mark Mahaney this morning cut his rating on shares of Google to Hold from Buy after the company slightly missed Q1 EPS estimates last night, as operating expense growth surged 45%, outpacing the 29% rise in net revenue, Barron’s reports. Mahaney, who...
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