Sale Of Set-top Box And Investing In Google
Google Chrome (Photo credit: thms.nl)
Investing In Google
Posting a blog about a "little accounting", the chief accountant and treasurer, of Google, Vice President, Brent Callinicos, reminded analysts that because of Google's sale of Motorola's set top box business, it has been described as a terminated operation. When it comes to investing in Google it seems that all of the analysts are not taking this into account.
As an example, since Callinico's blog on January 18, the greater part of analysts from Wall Street that cover Google, have not echoed these thoughts about the Motorola home business being a ceased business operation.
The result of this is to lower revenue by around 1 billion dollars and profit per share by 0.40 cents. Doug Anmuth of JP Morgan has lowered his numbers and is presently at 11.4 billion dollars in revenue and 10.19 dollars in EPS for December's quarter. Street average is at revenue of 12.3 billion dollars and EPS of 10.54 dollars.
Google is anticipated to provide its outcome after the close on January 22. There will probably be a little confusion for those that are investing in Google when the numbers first come across the wire, because it could seem that Google has missed on the top and bottom line. But of course that depends on the effect of the results.