Is the Google Earnings Leak our October Surprise?
Google is such a trailblazer they weren’t content with being in-line with their earnings miss as all of their peers and one-upped them by having their earnings leaked to the market three and a half hours too early. I kid, of course, but is this truly the October surprise for this year? Or will it be the straw that breaks this levitating market’s back? Microsoft missed on both the top and bottom line, siphoning off any momentum they may have going into the launch of Windows 8 and the myriad of device types that will run the newest version of their OS.
While Google, not to be outdone in the publicity stunt department, scheduled their unveiling of their $99 tablet for the same day as the Redmond launch. I always thought that Google was run by a bunch of drunk frat boys without a clue that their business outside of search – whose costs per click dove 15% in Q3 – requires actual tending and not by the video-game playing division, but it’s hard to tell given how well they’ve managed Android. Seriously, scheduling a presser on the other side of the country to compete with Microsoft is the lamest things I’ve head since Apple’s latest IP suit.
Or their lack of India strategy, which is frankly embarrassing for a global technology leader.
The lack of professionalism surrounding the corporate giants of the U.S. is beginning to reach its apex. When that dog won’t hunt anymore there won’t be any sheep left to shear and the whole thing will collapse under the weight of its own superfluousness.
About Tom Luongo
Tom is a professional chemist and self-taught economist who has been following and trading stocks for nearly 12 years. He has no formal ties to the financial industry and considers that an asset in his analysis of the interplay between monetary policy and capital markets.
Twitter •
Most Popular Content
- Gold Flying and Making New All Time Highs
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals
- U.S. Stock Indices: A Dance Between Optimism and Fear
- Gold Prices Dance with CPI Data and the Fed
- Oil Prices Surge Amid Record Demand and Supply Tightening
- Gold Steady As US Dollar Index Tries to Make Gains
- Some Respite for Crude Oil within Bear Trend
Currency Articles - May 22, 2019 15:21 - 0 Comments
The Pound is in Freefall – When Will It Stop?
More In Currency Articles
- GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2
- British Pound Stays Strong Whilst The Dollar Remains Weak
Gold and Oil News - Mar 30, 2024 10:37 - 0 Comments
Gold Flying and Making New All Time Highs
More In Gold and Oil News
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals