Thursday, February 01, 2007

Oh honey, you’re so hot - just let the ticker run !

The majority of men and women credit their private wealth with achieving a better sex life. When viewed separately, a larger percentage of women agree with the statement, perhaps indicating that females derive a greater degree of empowerment from their financial independence than their male counterparts.

"Money as an Aphrodisiac — Being Rich Means Getting Lucky on Your Own Terms," survey by Hannah Shaw Grove and Russ Alan Prince, two well-known researchers on the habits of the rich and famous, found. In the survey, three-quarters of men cited more frequent sex and a greater variety of partners as the primary benefits of having wealth, revealing a fascination with quantity.

Grove and Prince surveyed people with an average net worth of $89 million, and who make more than $9 million per year. They found that money is an enabler in a number of ways to enhance sexual experiences.

On those lines, Google’s shareholders should have looked forward to a great night in bed, when the Mountain View company declared it’s 4th quarter profits that nearly tripled.

“Not yet” – the Market seemed to say as it mercilessly drove the stock down by $ 9 to $ 494 on Wednesday. In a measure of the extraordinarily high expectations investors have for Google, the Internet giant reported that quarterly profit soared above $1 billion for the first time -- though it was nearly impossible to find anything worrisome in Google's numbers, disappointed investors sold the stock off anyway. (Oh, I suppose company's growth is clearly slowing; it was ONLY 70 percent year over year. Talk about letdowns ...).

Google’s earnings per share jumped from $1.22 in the same period a year ago to $3.29 as profit rose 177 percent to $1.03 billion.

Excluding tax gains and stock-option expenses, Google earned $3.18 a share -- more than the $2.92 analysts had figured based on past growth, keyword pricing, industry trends and other data.

Revenue was up 67 percent to $3.2 billion, also higher than the $2.19 billion that analyst polled by Thomson Financial said they were expecting.

But it turned out that investors -- used to almost 10 quarters of jaw-dropping performance -- were actually hoping for a more Google-`size' surprise and `experience'.
Bad night indeed. And no breakfast in bed.

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