Greetings from Kansas City, where the big news was the opening of the two new Trader Joe’s this week (their branded coffee isn’t bad!). There’s a lot of analysis this week in The Sunday Brief about Google. The bottom line is 3-6-9 months ago, people overreacted to Google’s “low” earnings which were unfounded, and they have overreacted to this week’s 2Q earnings, which are good, but largely driven by favorable exchange rates and “below the line” interest on their $39 billion cash and marketable securities stockpile.
I have a tremendous amount of respect for Google, and love the toothbrush analogy Larry Page used in the beginning of the conference call. I do not have a tremendous amount of respect for those who follow Google, but industry analysts, the tech media, and the Wall Street folks (many of whom receive the email version of The Sunday Brief).
Welcome your thoughts and comments. Click here to see this week’s Sunday Brief.
Have a great week!
Posted by Jim Patterson 
