1/22    And that's why you should own GOOG.
        \_ Google reported fourth-quarter net income of $382 million, down 68%
           from $1.2 billion a year ago.
        \_ I don't get it. How can you have 68% down but sales going up
           18%? Are they getting more sales but with less money per
           transaction?
           \_ Profit = (Price - Cost)xQuantity - Fixed Costs
              Costs went up?
              \_ They wrote down the value of a few investments.
                 \_ $1.09B
                    \_ Leaving aside the asset write-down, GOOG had $1.48B
                       in operational profit for the quarter, up 23% from
                       last year.  In this economy that's amazing.  GOOG
                       is still a frieght train.  -tom
        \_ I do own GOOG and I am underwater on it even though I bought at
           a comparatively low price. Brilliant.
        \_ AAPL profits are still growing at an increasing rate.
           $2.3B in adjusted net income ($1.61B GAAP profit)
           \_ AAPL is another good company to own.