Posted by : trraju on Mar 01, 2006 - 10:26 PM General

SAN FRANCISCO - Google Inc.'s stocks declined sharply Tuesday morning after Chief Financial Officer George Reyes told investors that growth at the online search leader was slowing.
The Mountain View, California-based company's stock was down as more than 10 percent, or nearly $41, in morning trading after Reyes told investors at a Merrill Lynch conference that the company would have to find new ways to boost revenues.
The stock had risen $12.98, or 3.4 percent, in trading Monday to close at $390.38 on the Nasdaq Stock Market amid renewed investor optimism about the company's moneymaking prowess.

Despite the recent rebound, Google's shares remain well below their record high of $475.11 reached in early January.
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