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Google Beats Estimates, Stock Flies

Am I allowed to say I told you so?

Not so long ago I criticized analysts for not understanding Google.

This is a situation where Google is not listening to the street at all when making decisions about how they tweak their platform, and it will benefit them in the long run.

Thank goodness we have Henry Blodgett to tell us that Google has a good business after all. For you youngsters out there who weren’t hemorrhaging stock options through the dot com bust, Henry Blodgett was the pied piper of internet stocks in the big pre 2000 run up. He was later caught in a securities fraud investigation and is now banned for life. But that doesn’t preclude you from getting a great job on TV, of course.

Funny: He was caught by a randy fellow New Yorker - Elliot “Wire Transfers are Stupid” Spitzer