Google mildly missed analyst expectations for Q4 2007 (the company famously does not provide guidance) and late trading has punished the stock.
If anyone needed to understand why CEO Eric Schmidt has been selling Google stock at a white-hot pace since the IPO unlocked, today's anonymous 700MHz spectrum bidder who pushed the auction past the $4.6 billion reserve, who think the next big play will be Google Airwaves and a sea change in the mobile business...
That's a story for another time.
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