2.28.07 GOOG leads Net stock recovery

By Richard Koman - February 28, 2007

All Internet stocks took a beating along with the rest of the market yesterday, but the free-fall has stopped and several stocks are no worse off today than they were at yesterday's close. Standing out from the crowd, again, is GOOG, up 3.45 at midday to $452. MSFT was up a quarter percent and YHOO was running just about flat with yesterday's close. AMZN and EBAY were also up slightly. AAPL was up a full percentage point to just shy of $85.

Part of the bounce for GOOG must be the news from Nielsen/NetRatings that more searchers used Google last month than a year ago, up from 48.2% in Jan. 06 to 53% in Jan. 07. Yahoo searches fell an insignificant amount, from 22.7% to 22.2%. The real loser was MSN, which went from 11% to 8.9%.

Even better for GOOG: A federal judge ruled yesterday that the search company has a First Amendment right to refuse advertising for any reason, just like print publications. That might settle the question once and for all to whether they're a "media company." (More coverage to follow on the decision.)


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February 28, 2007 | Permalink | Comment | Subscribe to SVW

Comments (1)

etn:

well goog for goog!

frustrated with the market let it all out here!

lord knows i am


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