Opinion on  Google Inc (GOOG)     Sector: Technology  >  Industry: Computer Services
This is a long term buy and hold

As long as YHOO continues to fail to execute, this is the name in search. 

GOOG doesn't give guidance, so how can they miss?  Buy this dip and forget the noise.

Credit Suisse has revised upwards their revenue and earnings estimates for GOOG.  Look for other brokerages to follow the leader and lead this stock higher. 

Vishesh Kumar of the Street.com's take on GOOG.  He sees a big move upward this quarter.  I don't know.  It might, it might not.  All I know is that as long as YHOO continues to drop the ball and MSFT can't figure out how to get in the game, GOOG's moat will continue to widen and deepen. 

  Google is set to announce details of the much-rumored GPhone. 

http://online.wsj.com/article/SB119369951717475558.html?mod=h...

This is a link from TechCrunch that alleges that Google will be adding a social-networking layer to its  products.

http://www.techcrunch.com/2007/10/29/googles-response-to-face...

Google now has nearly 70% of the search market.

I should've bought more when it was under $300.  Oh well, the way the market swings these days, I may see that entry point again.  Regardless, I'll gladly buy at $357. 

Look at the PEG of approximately 1.  YHOO 's PEG is over twice that, as is that IACI .  Perhaps that's not enough proof for you.  Well, co you like cash?  GOOG only has $17 billion of it sitting on its balance sheet.  That's cash totally unencumbered by debt.  Still not convinced?  Consensus earnings estimates clock in at  $21.05 for this year.  Right now, it's trading at a multiple of 29.51.  That translates to a reasonable price of $621.  Right now, it's about $403.  I think that's a pretty good margin of safety.