Google Says Growth is Slowing

The AP article: Google Says Growth Is Slowing Down, that the search leader says that the growth that the company has seen so far this year, might not be sustainable.

In a regulatory filing with the Securities and Exchange Commission, the Internet search engine said that although its revenue grew faster in the third quarter, which ended Sept. 30, than in the second quarter, its revenue growth rate has generally declined…Google also said it expects its operating margin will be slightly greater in 2004 compared with 2003, mainly because it expects its stock-based compensation costs will continue to decrease as a percentage of revenues, at least in the near term.

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