Hold My Own wrote:Scorcy...would you dump the google stock now?
If it were me, probably. I mean, if we're playing hypotheticals, I would have purchased Google early on and probably dumped it long before now. I'm a nervous nelly. So, I may not be the best person to ask. They seem to be doing fine with their revenue stream, but if I still had any money tied up in them, I'd let go now and put it somewhere else. I think their bubble is going to burst (at least somewhat) eventually. My friends out west tell me they operate pretty much in the same kind of "dot com" culture that was going on in the 90's. A lot of their early employees are cashing out their stock options and leaving. There seems to be a lot of internal stagnation right now just because the company has grown so large so quickly. It's really interesting to read about.
Obviously, the real key to all of this is what will Google do with the spectrum if it wins it? The rumors have swirled for some time that Google would roll out a free, ad supported, Internet service across the U.S. The company already owns enough dark fiber around the U.S. to build out their own Internet backbone, putting them directly in competition with the giant telecoms and ISP's. The problem everyone had always seen with this was getting wireless covering. If Google wins this spectrum auction, I suspect they're going to attempt to get into the WiMax biz and deploy this long-rumored network.
That's my speculation based on years of reading tech blogs, new sites, etc. I could be completely wrong, but there's my guess. So the question I'd ask myself would be, do I think they could succeed in this and would I be willing to put money on it?
I think they might succeed, but it's too risky for someone like me to put money on. I don't have enough to play with to take those kinds of risks.
I'll hush up now.