Eugene David ...The One-Minute Pundit |
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Thursday, April 01, 2010
And the Dalai Lamas of Mountain View underline the dangers of any investor beholding any company with "love at first sight".
Google has been piling up cash faster than it can find ways to spend it. Its cash and marketable securities surged 54 percent to $24.5 billion at the end of 2009 from a year earlier and made up 60 percent of total assets, up from 50 percent. Meanwhile, research and development costs rose only 1.8 percent to $2.8 billion. TRANSLATION: With any luck it can waste it too.
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