






Schaeffer's By the Numbers: Why Google Inc. Shares Just Keep Dropping
Published in Science and Technology on Thursday, January 15th 2009 at 10:25 GMT, Last Modified on 2009-01-15 10:25:50 by Market Wire

CINCINNATI--([ BUSINESS WIRE ])--It wasn't too many months ago when Eric Schmidt, CEO of Google Inc. (NASDAQ: GOOG), bragged that the financial crisis was pretty well confined to Wall Street, and his company wasn't really feeling the effects. Recent data from Nielsen and Hitwise seem to confirm Schmidt's supercilious attitude; the research firms both report that Google increased its market share during the otherwise dreary month of December.
However, this solid fundamental news hasn't done much to prop up GOOG's ailing share price. From its November 2007 peak of $747.24, the stock has given up nearly 60% of its value. If Google is expanding its share in the online search business, why is the stock doing so poorly?
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