Google CFO Warns of Slow Growth
Tuesday, February 28, 2006
Google Inc. Chief Financial Officer George Reyes sparked more than a 10 percent sell-off in the Web search leader's volatile stock after he cautioned that online advertising revenue growth could slow.
Speaking at a Merrill Lynch Internet advertising conference, Reyes said the company's Web search advertising business, which generates 99 percent of its revenue, would depend on overall market growth rather than specific improvements Google makes that can result in greater sales.
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