OK, ok, so Larry Page is the last speaker at CES in Vegas this week, but does that mean we have to start the year with wild predictions and the usual media frenzy? Well, it seems so.
For investment bank Piper Jaffray & Co have predicted in their Jan 3 research note that the search kingpin's stock would climb to $600 before yearend. Ooh mama! I guess he got a pre-sniff of what sister businessuncut channel business-rant wrote about yesterday, and decided to respond.
So, just as we recover from the suggestion that Google could be worth north of $175bn by end 2006 and be the 10th most valuable company in the US, we get the latest wild prediction that Larry Page is set to announce a stripped down Google PC at CES on Friday. Google have rejected the notion in a counter announcement today!
So, I mean, what's going on. The year has only just started, but Google-mania doesn't let up for a moment.
So, what do we think? We agree with sister channel business-rant that Google's stock will trickle up from today's levels and may even scorch to $500 per share, but not much above that. Google is worth plenty enough where they are and this year will see much more competition.
On the notion of Google getting into the PC game so that they can presumably direct the user instantly to Google services, we struggle even more. Google and hardware could be a dangerous match, even though they, if anyone, could make a free stripped down internet PC work, generating revenues from advertising. But this game has been tried before with a singular lack of success.
Google getting into Wi-Fi we could buy into or Google announcing free on-demand ad supported software we can agree with. Google PC's? Now that seems too much of a stretch. I guess we'll all find out on Friday.
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