Google Bleed

The take-up of Writely was believed Google to put Microsoft Word in the crosshairs, and Googlist's Google's Writely: An Inside Look let you know more about this Writely. Fin24 reported from New York that Google's shares on Friday reached a low not seen in five months, in a sign that investor emotions remain raw following two bruising weeks of trading in the stock.

The Mountain View, California, internet giant's stock traded as low as $331.50 before recovering to $333.50 recently, down $9.50, or 2.8%, on volume of 16.3 million shares, compared with average volume of 13.3 million shares. The stock is now down 12% for the week and 30% since it set an all-time high of $475.11 on January 11.

The slump seemed a barometer of investor gloom, considering the lack of market-moving news. The day was marked only by word of a tiny acquisition, albeit one notable for its potential to heat up what is already fiery competition with Microsoft.

It's a bit miserable for Google now.

Tags: Google, Writely, Microsoft, Word Processor