Monday, August 29, 2011

Google Inc. (NASDAQ:GOOG) May Have Knowingly Broke Law

It has been reported that the Google Inc. (NASDAQ:GOOG) CEO was aware of
illegal ads running on its network. Google Inc. (NASDAQ:GOOG) May Have Knowingly
Broke Law Investigators from the Justice Department who have been probing
illegal online pharmacy ads from a Canadian company have reported that Larry
Page, the Chief Executive Officer of Google Inc. (NASDAQ:GOOG), was aware of the
ads and didn't take any action. Meanwhile, a Google Inc. (NASDAQ:GOOG)
spokesman said in an email statement that "As we've said, we take
responsibility for our actions. With hindsight, we shouldn't have allowed
these ads on Google in the first place." Google Inc. (NASDAQ:GOOG) stocks were
at 526.86 at the end of the last days trading. Theres been a 1.1% movement in
the stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.24 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.27 Zacks Rank: 4 out of 31 in the industry

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