However, I find that I cannot ignore the nature of business and markets, in general, not to mention the fact that the specter of the dot-com bust still looms in the back of my mind. Google is, most certainly, no “Pets.com”; however, I am a bit concerned about a company that is so heavily reliant on internet advertising for revenue–particularly since I cannot think of one person who doesn’t see it as a colossal annoyance and would ever conceive of clicking on it. As such, I cannot help but think that this is kind of like “Dot-Com Bubble 2.0″ in a way, and, just like when Wall Street woke up one day and realized that subprime mortgages were an idea destined to fail from Day 1, I wonder if people will wake up one day and realize that about internet advertising.

Still, like Apple, they are certainly a company to keep an eye on.

http://money.cnn.com/2008/05/09/technology/where_does_google_go.fortune/index.htm?postversion=2008051205

“Where does Google go next?

Yes, it’s making gobs of money. Yes, it’s full of smart people. Yes, it’s a wonderful place to work. So why are so many people leaving?”