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Google investors should wait to add to positions: RBC analyst
Posted on May 20, 2008
Google Inc. remains on track to meet its second quarter based on preliminary search engine marketing checks conducted by RBC Capital Markets. But don't expect Google stock to gain much as a result, says analyst Ross Sandler, thanks to summer seasonality and the economic backdrop. In a note to clients, Mr. Sandler said there is little evidence Google will miss analyst expectations after conversations with several search engine marketing firms pointed to on-target spend through the first half of Google's second quarter. The analyst said spend on a same account basis appears flat for April/Ma...
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