‘Whoops, our bad’ - Google Leaks Financial Projections
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Written By Reprise Media | March 8, 2006 | Share This
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Google’s Analyst Day last Thursday must have been an off one for the search giant. We already covered the accidental notice of their ‘GDrive’ undertaking; according to The Mercury News, Google also inadvertently leaked notes online that projected a strong overall revenue growth of $3.5 billion (despite weak AdSense estimates) over the next year.
Google told the Securities and Exchange Commission yesterday that the speaker notes were several months old, and “were not created for financial planning purposes, and should not be regarded as financial guidance.” The company had touted their stance to withhold such information on Thursday.
They also swore off statements that seemed to indicate that they thought competition might make life difficult for AdSense, saying such an outlook did “not reflect Google’s current expectations.” But the AdSense comment had bloggers like Threadwatch guessing what they meant. “More aggressive smart pricing? Click fraud related issues? Legal liabilities associated with funding content theft? Increased costs associated with funding some content quality standards?”
We’re starting to wonder ourselves, but not necessarily about Google’s cryptic statements. Google’s not run by dummies. Are they really letting loose by mistake, or are these supposed miscues part of a larger scheme to keep the ‘net buzzing and the competition guessing?
Topics: Search: News |
heard from a reliable inside source today that it’s a REAL mistake. go figure.