GOOG guys think they are gods: Google about to solve World’s energy and enviroment problems November 28, 2007Posted by deminvest in goog, Google, green stocks, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.
Tags: Apollo, energy, environment, green, Prometheus, Zeus
This is not a Joke:
Eric Schmidt, Sergey Brin and Larry Page (alias Zeus, Apollo and Prometheus) will be so kind to take some of their precious time (and of Google’s money) to solve a couple of World’s problems:
1) Cheap Energy
2) Environmental Protection
We humans are so lucky for what Zeus Apollo and Prometheus are going to give us:
” Our goal is to produce one gigawatt of renewable energy capacity that is cheaper than coal. We are optimistic this can be done in years, not decades,”. Larry Page did really say so!
Google is going to invest heavily in this project: “hundreds of millions of dollars”. From Google investments boring Nuclear and Hydroelectric energy are excluded: they already work too well. Everybody can do that, gods don’t need to be involved.
As a human I should rejoice for God’s kindness. As Google shareholder I am am puzzled:
GOOG that, so far, hasn’t been able to make a cent outside its core search engine business, that has already failed with e-commerce, with electronic payments, with online office software and has shut many of its “revolutionary” projects, is now about to change World’s cellular phone market and the way the World produces energy.
As shareholder I can complain, but not too much. Even though I am convinced that all those projects are just playgrounds for Zeus, Apollo and Prometheus, still Google’s core-business is delivering such wonderful results:
Quarterly Revenue Growth (yoy):57.30%
Quarterly Earnings Growth (yoy):45.90%
Total Cash: 13.09B
Those are awesome results. At GOOG, They are making so much cash that they don’t know how to spend it. After all it is better that Goggle throws Millons on charity-like projects, rather than waste Billions on overpaying stupid useless companies like Doubleclick.
To be honest, I must admit that hated Bill Gates has more style: he finances his large charity projects with his own money, not using Microsoft’s huge cash reserve.