The Cell Phone Effect
Perhaps Google's Billionaire Boys Club ought to seek out advice from Jorma Ollila, the chief executive of Nokia.
He's also running a company that's spoiled investors with incredible balance sheet after incredible balance sheet.
Nokia's stock price too gets buffeted when the company misses some astronomical sales projection by just a few percentage points.
Just what Ollila would tell the three? For one, Google and Nokia have a mutual interest in CDMA cell phone radio technology. Nokia makes phones out of it, Google has a CDMA patent.
Also, Ollila's learned valuable lessons about dealing with financial analyst inferring disaster in their questions during the quarterly conference call.
He could even tell 'em that even though Nokia continues to outdo itself, there's no pleasing everyone.
So go ahead, be bewildered, scratch you heads as your stock price drops 10 percent. Blame it on an irrational market and take some solace in the fact Google's built up such high expectations to begin with.