Google is only as expensive as the amount of predicted growth it is expected to accomplish. Unfortunately at this stage innovation will hardly produce substantial growth and or revenue as this stream has been tapped in to and is taken advantage of currently to the max with the hoards of new tech/internet savvy employees. Goog must become a conglomerate and is on the way there now, nonetheless it must journey on faster to please money hungry-stockholders. As of now I see no other way for Goog to produce and sustain the growth/revenue but to take over cash cows or untapped businesses in the early stage of expansion i.e. double-click, utube.
I myself have faith in the company, but soon enough a correction will come when the stockholders realize that it is near-impossible to sustain this growth many will bail and that is when I will buy more. A good, large, stable company with lots of $$$ and a nice road heading to the future, it just very well maybe a safe heaven for money amid the other volatile NASDAQ members.
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