Should You Concern with Googlezon?

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Apr 06 2007
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Google Inc. (Nasdaq: GOOG, stock) might merge with Amazon.com Inc (Nasdaq: AMZN, stock) to create a new devil so powerful and influence that your life actually depends on it. You’re looking at online package of news, entertainment, blogs, and services drawn from all the world’s up-to-the-minute knowledge and customized to match your preferences. And all these are collected, packaged and controlled by Googlezon.

Google is still the number one search engine drawing more clicks, cash and users from the advertisement’s revenue leaving Yahoo Inc. (Nasdaq: YHOO, stock) and Microsoft Corp. (Nasdaq: MSFT, stock) behind eating its’ dust.

Consumers love Google’s simplicity and results, which is why it draws 56% of all searches. And advertisers willingly hand-over some $10.6 billion into Google’s coffer in 2006, a mind-boggling increment of 73% from 2005. Already Google has market capitalization of $144 billion, bypassing the combination value of Time Warner Inc. (NYSE:
TWX, stock), Viacom, Inc. (NYSE: VIA, stock), CBS Corporation (NYSE: CBS, stock) and The New York Times Company (NYSE: NYT, stock).
From the monopoly in internet advertisement, Google switch direction and attacks the traditional markets of newspapers, magazines, radio and television. Google is so rich (it has $11 billion of cash ready to be fired) that it gave Bill Gates’ Microsoft Corp. (Nasdaq: MSFT, stock) a run for its’ money by offering a suite of online office software for a small fraction of the price of Microsoft Office. It also provides free wireless internet access giving telecom players endless sleepless nights.
The nine-year-old company was publicly traded only less than three years ago in Aug-19-2004 but it’s the most talked about company in the current age. A year ago, Google was rumored to be jumping into personal computer business. Then you heard about Google’s cell phone and more to come.
Google has the financial and the attraction to pull most of the top brains into it’s payroll – this includes pinching some of the top mathematicians from Microsoft. Till today Google still receives thousands of resume daily from applicants hoping to join the powerhouse. While it doesn’t show any sign of slowing down in eating up market share, it’s fierce and awesome capability worries some people.
“That much money and power concentrated in one place can be dangerous … Google’s vast network, now a substantial piece of the Internet itself, is very quickly becoming vital national security infrastructure” says Dyson, who sometimes advises the Defense Dept. on potential threats.
So, is Google too powerful? That’s the question everyone is asking but is equally divided on the answer itself. For investors who make a living trading option or investing shares, Google is their darling stock which made them tons of money. One thing for sure, I can’t live without Google myself even today. Can you?
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