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Cramer with Google's Eric Schmidt... $750 (GOOG, MSFT
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On today’s Olympic-shortened MAD MONEY break now at 1:30 PM on CNBC, Jim Cramer interviewed Eric Schmidt, Chairman & CEO of Google Inc. (NASDAQ: GOOG). Cramer said that in July it got hit over Wall Street took its quarter as bad. Cramer said he’s calling it..."Google is a steal at $500" at what he said is 20-times his forward earnings estimates. He had many questions but said he is asking questions today to find out what he needs in an in-person interview live on CNBC…. As you read the comments below, please be advised that these are merely paraphrased comments from the CNBC VIDEO interview rather than formal quotes…..
CRAMER… "At $500, what about a SPLIT?"
CRAMER: ON GUIDANCE??
CRAMER: With $600 Billion in advertising, can you capture 10% eventually?
CRAMER: What about mobile computing???
CRAMER: In competing against content players and threats to content makers?
CRAMER: On Monday’s out age of GMAIL?
CRAMER: With domestic growth at 26% this quarter, is it tapped out?
CRAMER: Why not advertise on homepage and how much would it be worth?
CRAMER: On global vs. U.S.
BEFORE CRAMER STARTED WITH SCHMIDT, GOOGLE STOCK WAS AROUND $498… At 1:42 PM EST shares are up over $500 and briefly went over $502………
CRAMER: then came back after a break and said that he would go back to that $750 target.
CRAMER: As far not being able to get bigger?
CRAMER: At a certain place, Cramer worries that the US Government will come down on them for growing too large???
CRAMER: On addressing the New York Times as far as dealing with them….
CRAMER: ON YOUTUBE….?
CRAMER (LAST QUESTION, sort of)… ON ANDROID and mobile? Where is it, how big can it be?
CRAMER: SHOULD MICROSOFT WORRY ABOUT CLOUD COMPUTING???
As a reminder, this is a paraphrasing and only noted issues that might matter to investors
Jon C. Ogg
August 13, 2008
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