Financial Times FT.com

Google gives little guidance on earnings

By Chris Nuttall in San Francisco

Published: February 9 2005 23:38 | Last updated: February 9 2005 23:38

At its first analyst day on Wednesday, Google divulged more about future products and its success as the leading internet search engine, but refused to change its practice of providing no guidance to the investment community on its financial prospects.

Google, whose unconventional approach to becoming a public company dates back to a rare auction of shares staged for its IPO last August, said its strategy was tied to a mathematical formula worked out by co-founder Sergey Brin.

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