Would you be in good shape if your income dropped 75%

Quote from AK100:

What for example if Google were to develop an online operating system, so called 'cloud computing' where your computer is the one you're working on at that time.

If I came to your office for example, logged on to any PC all my programs, data and the like are right there.

Why can't Goog smash MSFTs monopoly and if so why can't the shares be worth $5,000 to $10,000 over the next several years?

This is the real key to Google's potential not what they're doing now or next year.

Expect the phrase 'cloud computing' to be a real buzzword in 2008 as tech companies realise it's not only the future but for some of them a once in a lifetime opportunity.

You're already seeing the battlefield shape up with the free Lotus MS Office type application launced last month. Goog also has it's own online suite of programs similar to Word, Excel etc.
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Goog's potential is truly unlimited. This can be said for very few companies. A 2-4 trillion dollar market cap sometime in the next few decades isn't unrealistic.
 
Better than 1987!

For the year, Citicorp reported a loss of $1.138 billion, compared with net income of $1.058 million, or $3.57 a share, in 1986. The 1987 loss was the result of the bank's decision in the second quarter to set aside $3 billion in reserves against its loans to third-world countries. When he announced the decision to establish the reserve against the developing-country loans, John S. Reed, Citicorp's chairman, said that the loss would be offset in part by gains from sales of assets, such as that from the sale of parts of its headquarters during the fourth quarter.
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Joab,

1) You're right, the party is over.

It's over because the 'slight of hand' politicians have been directing our attention away from our economic problems (foreign debt).

".....U.S. foreign debt now exceeds $6 trillion...."

"....In other words, we're mortgaging our future to pay for today's "cheap" purchases! By using the dollars they collect to buy our debt, the Chinese are putting themselves in position to exert significant control over our economy....."

http://www.suntimes.com/business/cu...7.savagearticle

2) And now again they blame the poor economy on the poor people.

It's the typical slight of hand trick: "look here". And while we look at where they pointed to, they are off doing something else behind our backs.

They are the masters of distraction.

In reality the most significant current risk to our economy is the incompetence of the current crowd in office.


"Paulson Says Housing Is Likely
To Adversely Affect Economy
Treasury Secretary Endorses
Standards for Mortgage Brokers,
Expects More Declines in Housing Starts

By DAMIAN PALETTA
October 16, 2007 11:44 a.m.

WASHINGTON -- U.S. Treasury Secretary Henry Paulson offered a sobering view Tuesday of the pressure the housing market was having across the country, saying the decline stood "as the most significant current risk to our economy...."

http://online.wsj.com/article/SB119...s_us_whats_news
 
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