Google after the bell for 08-02-06: Google ads going beyond the web browser

Posted Aug 2nd 2006 4:45PM by Brian White
Filed under: After the Bell, Deals, Good news, Products and Services, Launches, Consumer Experience, Internet, Competitive Strategy, Google (GOOG), Marketing and Advertising

Google again climbed down the search engine ladder today as GOOG shares dropped about 20 lbs. (for those wrestlers out there) to close the trading day at $367.23, a decline of $8.28 or 2.21% for the day. After yesterday's share drop of over 2% as well, GOOG has sunk a little over 5% in the last two days. Egad, hold on to your computers. Google still has some share price to sluff off in order to reach a level of proper valuation in my opinion. I am not alone here, folks.

With Google producing some excellent and user-friendly products these days, it's all being funded by search advertising -- for now. Although, finally, Google is expanding beyond the browser and inked a deal with XM today to install automated advertising from the Google AdWords system into non-music channels on the nation's largest satellite radio network. So, my theory of Google becoming the world's largest advertising company (at least revenue-wise) is starting to take shape. XM Radio is one heckuva start.

Brian White has worked in various executive positions in technology and telecommunications and now focuses on editing and writing.

Tags: GOOG, Google, Google Toolbar, Google XM Radio, GoogleToolbar, GoogleXmRadio

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Reader Comments (Page 1 of 1)

8-02-2006 @ 6:13PM

Andy said...

I agree. They are using advertising income to fuel their expansion into other high tech ventures. The internet may revolutionize the advertising business beyond anything that we can dream of today.