Wednesday, March 08, 2006

Google inadvertently reveals internal projections

CNET "Google acknowledged Tuesday that it erred last week when it posted on its Web site internal projections not meant for the public.
The company said in a filing with the Securities and Exchange Commission that the inadvertent statements were added to a presentation intended for analysts. Among those statements was one that said Google expected ad revenue to grow from '$6 billion this year to $9.5 billion next year.'
Google explained in the filing that these estimates were part of an internal report on product strategy from last year.
'These notes were not created for financial planning purposes and should not be regarded as financial guidance,' Google wrote in its filing.'
A mistake was also made when Google said that 'AdSense margins will be squeezed in 2006 and beyond.' "

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