Zacks.com Announces that Steve Harmon Highlights the Following Stocks: Google, Monster.com, and DoubleClick

CHICAGO--(BUSINESS WIRE)--Aug. 24, 2004--Google has finally gone public. But now what? Steve Harmon says the company must become a buyer and work to diversify its revenue streams. Find out which companies would be an attractive fit for the new kid on the block. Read about Google (NASDAQ:GOOG), Monster.com (NASDAQ:MNST), and Doubleclick (NASDAQ:DCLK). Steve Harmon is editor of the Technology Investor newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

Now that Google (NASDAQ:GOOG) is finally public and cashed up, Steve Harmon thinks some consolidation could be on the way. Why is Google a buyer now? Google is too exposed to pure advertising as its revenue and earnings driver and Harmon thinks it needs to diversify its revenue streams, similar to how Yahoo (NASDAQ: YHOO) did several years ago.

In short, he thinks Google needs to acquire some service-based companies, especially in hot sectors. And topping that list is Monster.com (NASDAQ:MNST). Barrons agrees with Harmon. At about $2 billion market cap and 40x P/E the company seems relatively cheap vs. Google's rich valuation.

Google has to mitigate its advertising risk. At the same time, Google just launched banner-type ads, where before it served only text ads. Which makes Harmon think that banner ad leader Doubleclick (NASDAQ:DCLK) could also be a good match for Google to acquire to consolidate its position.

Read Steve Harmon's complete commentary by clicking: http://at.zacks.com/?id=85

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